Kinetic Engineering on Monday announced its re-entry into the two-wheeler space and said it aims to invest around Rs 177 crore over the next 18 months to scale up sales network and ramp up production.
The Pune-based firm, which used to produce and sell the iconic scooter Kinetic DX from 1984 till 1998, aspires to be among the leaders in the electric
two-wheeler space over the next three years.
The company on Monday launched Kinetic DX scooter in an electric avatar with an estimated range of 116 km on a single charge. In an interaction with PTI, Kinetic Engineering Vice Chairman and Managing Director Ajinkya Firodia said the company aims to scale up the production and sales network in a phased manner.