Kinetic Engineering sets up new firm to make EV parts

Mumbai Kinetic Engineering, which has shifted from two-wheeler manufacturing to auto components with a focus on electric vehicles, is reorganizing EV arms under Kinetic Watts & Volts to provide integrated solutions offering key components like motors, controllers and batteries. Kinetic Watts & Volts was formed in September 2022 as a subsidiary of Kinetic Engineering to focus on anything electric to ensure a sustainable future for EVs as there is a lot of adoption. The new firm is 92 per cent owned by the Aurangabad-based parent firm and the rest 8 per cent is held by the Firodia family. The company is also open to divest around 25 per cent of the equity to a strategic/financial partner.