Kinetic Engineering Reports Strong Quarter on EV Momentum
KWV said it has issued more than 50 Letters of Intent across key cities including Pune, Mumbai, Baroda, Surat, Indore, Bhopal, Jabalpur, Delhi, Gurgaon, Jaipur, Lucknow, Hyderabad, Bhubaneswar and Cuttack. Having achieved its dealership expansion target for the year, KWV plans to open all outlets by March. By then, it aims to ramp up production and sales to a cumulative 5,000 units, translating to revenue of around Rs 500 million.
The subsidiary has also outlined an ambitious plan to sell at least 60,000 units in the next financial year, targeting revenue of roughly Rs 6 billion. It further aims to establish a nationwide network of 200 dealerships by FY 2026–27, with expansion into the southern region as the next step.
Vice Chairman Ajinkya Firodia said the quarter marked a significant milestone in Kinetic’s journey. He noted that KWV’s bookings had far exceeded expectations, demonstrating strong customer trust in the brand. The Kinetic DX, he said, is emerging as a preferred family scooter, offering features such as Easy Key, Easy Charge and Easy Flip, along with a durable metal body, practical real-world range, 37-litre storage and low maintenance requirements.
In its auto component manufacturing operations, Kinetic Engineering has commissioned a new robotic chassis line to enhance precision manufacturing, while also upgrading its paint shop and adding new metal-pressing facilities to boost throughput and quality. The company is currently producing chassis for both the E-Luna and the Kinetic DX EV, strengthening backward integration within the group’s electric mobility ecosystem.
Kinetic Engineering said it is in advanced discussions with several existing and prospective customers in the auto component sector, which is expected to bolster its B2B business in the coming months. With a profitable financial base, strong demand indicators and a rapidly expanding EV footprint, the company is positioned for sustained growth and long-term value creation for its customers, partners and shareholders.