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Kinetic Engineering Boosts Expansion with Rs 57 Crore Investment, Eyes EV Market Leadership
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News18•24-09-2026, 20:00
Kinetic Engineering Boosts Expansion with Rs 57 Crore Investment, Eyes EV Market Leadership
- •Kinetic Engineering Ltd (KEL) will invest an additional Rs 57 crore for business expansion, funded by the conversion of warrants issued to promoters.
- •Approximately Rs 17 crore is allocated for capital expenditure, with Rs 40 crore dedicated to expanding the company's electric two-wheeler segment.
- •KEL aims to improve EBITDA margins to around 12% in its auto-components business and enter the top 10 electric vehicle brands in India.
- •The company has signed LOIs with over 150 dealers, with more than 60 already operational, building a robust distribution network.
- •Promoter shareholding has increased to 69.27% from 50% over the last four years, reflecting strong confidence in KEL's long-term growth strategy and electric mobility ambitions.
Key Questions Answered
Kinetic Engineering Ltd announced an additional investment of around Rs 57 crore to further expand and grow its business, funded through the last tranche of warrant conversions issued to promoters.
Out of the total investment, around Rs 17 crore will be directed toward capital expenditure, while Rs 40 crore will be allocated to expand the company's electric two-wheeler segment.
Kinetic has signed letters of intent with over 150 dealers nationwide, with more than 60 already operational, as it aims to break into the top 10 electric vehicle brands in India.
