Revised Press Release
Price
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Awaiting price reaction for this filing.
Kinetic Engineering Ltd's electric vehicle subsidiary, Kinetic Watts & Volts (KWV), has commenced deliveries of the Kinetic DX electric scooter after receiving ARAI homologation certification and inaugurating its first showroom on 16 October 2025. KEL recently infused an additional ₹9 crores into KWV, raising its stake to 80%. The subsidiary has issued over 50 Letters of Intent (LOIs) for dealerships across major cities and aims to sell 5,000 units by March 2026, adding approximately ₹50 crores to consolidated sales. For FY 2026-27, KWV is targeting 60,000 unit sales and ₹600 crores in revenue, with forecasted consolidated revenue of ₹800 crores and a planned expansion to 200 dealerships nationwide. KEL has also inaugurated a new robotic chassis line and revamped its paint shop to support both the E-Luna and Kinetic DX EV production.
Positive for shareholders — the EV subsidiary's aggressive sales and revenue targets, combined with regulatory approval and dealership expansion, signal meaningful growth potential. The revision is administrative (fixing a typo) and does not change the substance of the original announcement.