Pune, India – March 14, 2026: Kinetic Engineering Ltd. (KEL), the flagship company of the Kinetic Group and a pioneer in India’s automotive component industry, has announced a fresh promoter infusion of ₹40 crore into the company. The investment reaffirms the promoter group’s long-term confidence in Kinetic Engineering and will support the company’s next phase of growth across both its electric mobility initiatives and core component business. The capital infusion will be made through the conversion of warrants, subject to the necessary regulatory approvals. Following the transaction, promoter shareholding in the company will increase to 65 percent, up from 49 percent over the past four years, underscoring the promoters’ deepening commitment and long-term belief in the company’s growth strategy.
The fresh capital will strengthen the company’s balance sheet while enabling it to accelerate expansion across its EV and component businesses. A significant portion of the funds will be deployed to support the strong market response received for the newly launched Kinetic DX electric scooter, helping the company expand its distribution footprint and scale nationwide sales and service operations. At the same time, the investment will also be directed toward capacity expansion and new growth initiatives in Kinetic Engineering’s auto component business, which continues to see strong opportunities from both domestic and global OEMs. The company has been steadily strengthening its capabilities in electric vehicle components, battery systems, and precision engineering solutions, positioning itself to play an important role in the rapidly evolving mobility ecosystem.
Ajinkya Firodia, Vice Chairman and Managing Director, Kinetic Engineering Ltd., said: “It is an exciting phase for us at Kinetic. The response to the Kinetic DX scooter, launched recently by our subsidiary, has been phenomenal. As we expand nationally, we plan to appoint more than 150 dealers this year to bring the product closer to customers across the country. At the same time, Kinetic Engineering’s component business is seeing strong momentum with new orders and growth opportunities. The additional funds will support the planned expansion of both these businesses as we continue to execute our long-term growth plans.
This investment reflects the promoter group’s continued confidence in Kinetic Engineering and our strategic direction. As the automotive industry transitions toward electric mobility, we are strengthening our capabilities in technology, manufacturing, and innovation to participate meaningfully in this transformation.”
The infusion also aligns with the Kinetic Group’s broader vision of building a robust EV ecosystem, spanning electric vehicles, battery technology, and advanced automotive components. Having recently completed over five decades of manufacturing excellence, Kinetic Engineering continues to serve leading domestic and global OEMs while expanding its capabilities in line with India’s rapidly evolving mobility landscape.
