Kinetic Engineering Ltd. Drives EV Transition with New Scooter Launch and Strategic Jio Partnership
Kinetic Engineering Ltd. (KEL) and its subsidiary Kinetic Watts & Volts Ltd. (KWVL) are aggressively focusing on the future of mobility, successfully re-entering the two-wheeler market with the all-new Electric Kinetic. The company has committed substantial resources to its EV ecosystem, including the launch of a dedicated technical training center and a strategic partnership with Jio Things to build India's next-generation connected vehicles.Kel, which has a five-decade legacy in the Indian automotive sector, has been steadily transitioning its core business from traditional vehicle manufacturing to specialized high-quality automotive components and electric vehicle (EV) solutions.
Modernizing the Mobility Platform
Kinetic Watts & Volts Ltd. serves as the group's dedicated venture into the EV segment, operating as the design, development, and manufacturing unit for the Kinetic Group's electric supply chain. KWVL has introduced the all-new Electric Kinetic, a modern EV avatar of the iconic DX scooter, leveraging cutting-edge EV technology.The vehicles are powered by the Range-X 2.6 kWh LFP battery, capable of up to 116 km IDC range. This battery system is noted for its four times longer lifecycle (2,500 -3,500+ cycles) compared to typical NMC batteries and a 60V system utilizing K-Coast regenerative technology. Charging capabilities include 0-50% in two hours and 0-100% in four hours.
Reinforcing its commitment to digital connectivity, Kinetic Watts & Volts has partnered with Jio Things. This collaboration enables the introduction of several new digital capabilities, including voice-assisted vehicle interaction, smart digital instrument clusters with real-time data, and telematics and cloud-based analytics for fleet operators.
Operational Expansion and Talent Development
Kel's operational evolution reflects a deep commitment to both domestic manufacturing and future-readiness. The company has established an advanced battery manufacturing unit (Range-X) in MAIPL with a capacity of 60,000 units per year.To strengthen its nationwide service infrastructure and ensure an EV-ready workforce, Kinetic Watts & Volts Ltd. has inaugurated the 'Kinetic Lab,' a dedicated Two-Wheeler EV Technical Training Centre. This facility is designed to upskill technicians, service engineers, and dealer staff, thereby reinforcing the company's long-term commitment to quality and service excellence within the EV domain.
Key Products and Business Segments
Kinetic Engineering Ltd. maintains a diversified portfolio across three primary vertical segments: Transmission, EV (2W & 3W), and Driveline. Products range from Planet Gear and Gearboxes to Chassis & body parts, and Rigid Axle.The company's manufacturing base, located in Ahmednagar, is a key strength, featuring over 460 robust machines across forgings, heat treatment, gear cutting, and precision machining. The facility is certified IATF 16949, underscoring its adherence to global quality standards.
Financial Performance Overview
The company's financial performance over the last four fiscal years demonstrates operational consistency within the context of its strategic transition.The annual consolidated income statement highlights the company's financial trends:
| Particulars (INR Mn) | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Net Sales | 1,353.8 | 1,431.7 | 1,424.6 | 1,577.5 |
| Total Income | 1,375.1 | 1,522.1 | 1,552.7 | 1,664.1 |
| Cost of Raw material Consumed | 763.3 | 837.2 | 784.1 | 928.2 |
| Total Expenditure | 1,215.6 | 1,359.1 | 1,374.5 | 1,526.4 |
| EBITDA | 159.5 | 170.5 | 178.2 | 137.7 |
| EBITDA Margin (%) | 11.6% | 11.2% | 11.5% | 8.3% |
| PBT | 30.9 | 51.5 | 62.3 | 8.7 |
| Reported Net Profit | 30.9 | 51.5 | 62.3 | 8.7 |
| Reported PAT Margin (%) | 2.2% | 3.4% | 4.0% | 0.6% |
The consolidated balance sheet shows the company's financial structure and asset growth:
| Particulars (INR Mn) | FY25 | FY26 |
|---|---|---|
| Share Capital | 234.1 | 269.1 |
| Reserves and surplus | 796.9 | 1,221.4 |
| Total Equity | 1,173.6 | 1,631.4 |
| Total Non-Current Liabilities | 454.9 | 513.4 |
| Total Current Liabilities | 738.0 | 788.6 |
| Total Equity & Liabilities | 2,366.4 | 2,933.4 |
Total assets increased from 2,366.4 INR Mn in FY25 to 2,933.4 INR Mn in FY26, driven by investments in Property, Plant & Equipment and Intangible assets.
Leadership and Future Goals
The company is guided by the Firodia family legacy. The strategic vision focuses on leveraging this legacy to capture share in India's burgeoning EV ecosystem.Future goals include scaling the EV and component businesses, achieving a run-rate of 4 lakh units by FY30, and establishing a dealer network targeted to reach 70 to 100 dealers by FY27. The company also aims to gain up to 5% market share by 2030/31.
Kinetic Engineering Ltd. continues to build on its foundation of over 50 years in the automotive industry, committing to both innovation and sustainability in India's clean mobility revolution.
Stock Price Movement
Kinetic Engineering Ltd is edging higher at ₹230.00 as of 09:54, climbing 2.11% in early trading. The shares have moved within a tight intraday range, having touched lows of ₹223.05 and an hourly high of ₹231.40.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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