Kinetic Engineering To Invest ₹57 Crore In Business Expansion, Electric Two-Wheeler Segment

Mumbai, September 24, 2026 - Kinetic Engineering Ltd, a flagship firm of the Kinetic Group, announced plans on Thursday to invest around ₹57 crore for further expansion and growth of its business. The investment is sourced from the conversion of 44,51,000 warrants issued to promoters in March 2025. Out of the total investment, approximately ₹17 crore will be allocated to capital expenditure, while ₹40 crore will be invested in the company's expansion of its electric two-wheeler segment.

This allocation demonstrates the company's commitment to its electric mobility ambitions. Kinetic Engineering aims to strengthen its capabilities across businesses while leveraging its engineering heritage and market experience. Speaking to the press, Ajinkya Firodia, Vice Chairman and Managing Director, shared that the firm is experiencing strong momentum across its automotive components and electric mobility businesses, with a growing pipeline of new orders supporting growth and helping improve EBITDA margins towards the target of 12 percent.

The renewed investment coincides with growing market traction for Kinetic Engineering's brand. The company has secured LOIs (Letter of Intent) with more than 150 dealers across India, of which over 60 are already operational with 3S (sales, service, and spares) facilities. This expanding dealer network is setting the stage for a robust distribution ecosystem to support the company's expansion plans.

With this industry momentum, Kinetic Engineering aims to become one of the top 10 electric vehicle brands in the country. Industry reports suggest that electric two-wheeler penetration is projected to reach approximately 26 percent by FY 2030, increasing the market size from 1.8 million to 7 million sales. This creates a vast opportunity for Kinetic to expand its footprint, strengthen its market presence, and scale its operations in the years to come.

A crucial aspect of this growth strategy is its focus on its two scooter models, the DX and DX+, which have garnered strong market traction. Kinetic Engineering's Vice Chairman and Managing Director, Ajinkya Firodia, expressed confidence in the brand's prospects, stating that the positive response to the Kinetic DX electric scooter has given the company confidence to further expand its presence across markets.

To achieve its long-term growth objectives, Kinetic Engineering has successfully increased its promoter shareholding to 69.27 percent from 50 percent over the last four years. This significant rise in promoter participation bolsters stakeholder confidence in the company's growth strategy and its ability to capitalize on the rapidly evolving electric mobility landscape in India.