Kinetic Engineering Limited
| Industry | Automotive |
|---|---|
| Founded | 1972 |
| Founder | H.K Firodia |
| Headquarters | Pune, India |
| Parent | Firodia Group |
| Website |
kineticindia |
Kinetic Engineering Limited is an Indian automotive manufacturer. The company was founded in the year 1972 by HK Firodia. Today it is an automotive component manufacturer which formerly sold two-wheelers under the brand names Kinetic Honda and later Kinetic. It introduced the Kinetic Luna moped which sold well domestically and was exported extensively to Argentina, Brazil, the US, and Sri Lanka.
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 with the Firodias bought out the majority stake of the MNC joint venture partner. 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.
In February 2014, Kinetic sold its stake in Mahindra Two-Wheelers to Samena Capital for 182 Crores.[2]
On June 27, 2015 MV Agusta to tie up with Kinetic Group for its Indian debut.
Notes
- ↑ International Business Times, 31 July 2008, "Mahindra & Mahindra buys Kinetic Motor for Rs.110 crore, forays into two-wheeler market" by Surojit Chatterjee.
- ↑ "Kinetic Engineering sells its Stake in Mahindra for 182 Crores". IANS. news.biharprabha.com. Retrieved 25 February 2014.