Kinetic Engineering Limited
| Industry | Automotive |
|---|---|
| Founded | 1972 |
| Founder | H. K. Firodia |
| Headquarters | , India |
Key people | Arun Firodia (chairperson) Ajinkya Firodia (Managing Director) Sulajja Firodia Motwani (vice-chair) |
| Products | Kinetic Luna |
| Parent | Firodia Group |
| Subsidiaries | Kinetic Honda |
| Website | kineticindia |
Kinetic Engineering Limited is an Indian automotive manufacturer. The company was founded in the year 1972 by H. K. Firodia. Today it is an automotive component manufacturer which formerly sold two-wheelers under the brand names Kinetic Honda and later Kinetic Motors. It introduced the Kinetic Luna moped which sold well domestically and was exported extensively to Argentina, Brazil, Sri Lanka, and the United States.
Later Kinetic Engineering formed a joint venture with Honda Motor Company to introduce Kinetic Honda scooters, which had electric start and gearless transmissions. Kinetic and Honda parted ways in 1998 when the Firodias bought the majority stake of the joint venture from Honda. In 2008, Kinetic entered into a joint venture with Mahindra Automobiles, where Mahindra held an 80% stake.[1] By this joint venture, Mahindra acquired the two-wheeler manufacturing facilities as well as the then selling brands of Kinetic.
After ceasing two-wheeler manufacturing, Kinetic Engineering produces and exports automotive components. Kinetic Motors resumed operations in January 2011 and has announced plans to produce electric vehicles under the newly launched Kinetic Green Brand. A new version of the Luna called the E-LUNA launched in February 2024.[2] The prebookings were open from on 26 Jan 2024 .[3][4][1]
In February 2014, Kinetic sold its stake in Mahindra Two-Wheelers to Samena Capital for 182 crore rupees.[5]
In 2015 MV Agusta entered a partnership with Kinetic Group for its Indian debut.[citation needed]
See also
[edit]Notes
[edit]- ^ International Business Times, 31 July 2008, "Mahindra & Mahindra buys Kinetic Motor for Rs.110 crore, forays into two-wheeler market" by Surojit Chatterjee.
- ^ Desk, MotorLane's (7 February 2024). "New Kinetic Luna Electric launched Starting At Rs. 69,990/- MotorLane - Worlds No.1 Automotive Website". Retrieved 8 February 2024.
{{cite web}}:|last=has generic name (help) - ^ www.bikedekho.com https://www.bikedekho.com/kinetic/luna-electric?amp=1. Retrieved 27 January 2024.
{{cite web}}: Missing or empty|title=(help) - ^ "Kinetic E-Luna features revealed: Check its price and specifications". The Economic Times. Retrieved 27 January 2024.
- ^ "Kinetic Engineering sells its Stake in Mahindra for 182 Crores". IANS. news.biharprabha.com. Retrieved 25 February 2014.
