Kinetic Engineering Limited has announced that its subsidiary, Kinetic Watts & Volts (KWV), will commence deliveries of its Kinetic DX electric scooter by the end of November 2025, following strong initial bookings since its market entry six months ago.
The company reported that KEL infused an additional ₹9 crores in the last quarter, raising its shareholding in KWV to 80 percent. The subsidiary has set ambitious targets of selling 5,000 units by March 2026, contributing approximately ₹50 crores to consolidated sales.
KWV has issued over 50 Letters of Intent for dealerships across major cities including Pune, Mumbai, Baroda, Surat, Indore, Delhi, Jaipur, Lucknow, Hyderabad, and Bhubaneswar. The company plans to open five new dealerships in November to accelerate deliveries and aims to establish all 50 locations by March 2026.
Looking ahead to fiscal year 2026-2027, KWV has set a target of 60,000 unit sales with projected revenue of ₹600 crores from the subsidiary alone, bringing forecasted consolidated revenue to ₹800 crores. The company plans to expand its network to 200 dealerships nationwide, with the southern region targeted in the next phase.
Ajinkya Firodia, Vice Chairman of Kinetic India, attributed the strong response to customer trust in the Kinetic brand. He highlighted the Kinetic DX's features including its metal body construction, 37-litre storage capacity, and practical design elements such as Easy Key, Easy Charge, and Easy Flip functionality.
On the manufacturing side, Kinetic Engineering Limited recently inaugurated a robotic chassis line and upgraded its paint shop and metal pressing facilities. The company currently produces chassis for both the E-Luna and Kinetic DX electric vehicles, demonstrating vertical integration within the group's operations.
KEL also disclosed ongoing discussions with existing and prospective clients in the auto component sector to expand its business-to-business operations. The company supplies components to major automotive manufacturers including Tata Motors, Mahindra & Mahindra, Ashok Leyland, and Renault.