Announced Fri, 17 Oct · 14:11 IST

Press Release

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Kinetic Watts & Volts Ltd. (KWV), the EV subsidiary of Kinetic Engineering Ltd., inaugurated its first exclusive 3S (Sales, Service, and Spares) dealership in Pune on 16th October 2025. The 1,400 sq. ft. showroom, operated by dealer Ravindra Bhelke, is supported by a 1,050 sq. ft. dedicated service centre called 'Kinetic Lab'. The launch marks the start of a nationwide retail expansion, with more dealerships planned across other cities. KWV sells two electric scooter variants — the Kinetic DX at ₹1,11,499 and the Kinetic ZX at ₹1,17,499 (ex-showroom Pune) — both powered by a 2.6 kWh LFP battery. KWV was set up in September 2022, led by Ajinkya Firodia, and operates an 87,000 sq. ft. manufacturing facility.

Likely market impact

Mildly positive for the listed parent Kinetic Engineering Ltd. — this is the first retail milestone for the group's EV push, showing early execution. However, near-term revenue impact on the listed entity may be limited as KWV is a subsidiary and dealership network is still in its very early stages.