Kinetic Engg to set up EV-focused subsidiary

kinetic engg to set up ev-focused subsidiary

Kinetic Engg to set up EV-focused subsidiary

Pune: The auto components manufacturer, and former auto OEM, Kinetic Engineering Limited (KEL) has announced that it will set up a subsidiary company that will solely focus on the electric vehicles business, in which it will hold a 51% stake.

KEL, which is headquartered in Pune and has its major works in Ahmednagar, said that the actual focus of the company is still up for discussion.

“It will explore all opportunities and then make a final decision on how to go ahead in this space,” said Ajinkya Firodia, managing director of KEL.

Firodia added that the transformation from combustion engines into electric powertrains needs a larger focus.

“Globally, there are talks with all major players on electrification. Such rapid pace of change from IC vehicles to EVs needs a very clear and strong focus and we are pleased to announce the formation of the new subsidiary with the clear objective to be part of the growth story of electric mobility. As a company with 50 years of legacy in automobile manufacturing and marketing, Kinetic must explore all the avenues of the growth potential of the segment,” he said.

News Related

OTHER NEWS

Turkish president Erdoğan mocks the UK's pound and says the currency has 'blown up', even as the Turkish lira faces its own economic crisis

Turkish president Erdoğan mocks the UK’s pound and says the currency has ‘blown up’, even as the Turkish lira faces its own economic crisis Turkish President Tayyip Erdoğan mocked the ... Read more »

Bank holidays October 2022: Bank branches to be closed for up to 21 days in October; check City-wise list

Bank holidays October 2022: Bank branches to be closed for up to 21 days in October; check City-wise list New Delhi: In the month of October, bank branches will remain ... Read more »

Food safety dept officials dispose substandard items found at multiplex theatre in Salem

Food safety department officials disposing substandard items recovered from a theatre in Salem. Food safety department officials conducted an investigation into the sale of substandard items at the popular ARRS ... Read more »

LML to launch three electric two-wheeler models in 2023, unveils their concept versions

LML Moonshot SG Corporate Mobility-owned LML will launch three electric models — Orion cycle, Star scooter and Moonshot hyperbike — in 2023. While the Orion will enter the market in ... Read more »

To beat Bangalore traffic, air taxi company to launch 12-minute helicopter ride in October

bangalore air taxi 12 minute helicopter flight blade india hal to bengaluru airport HAL to Kempegowda International Airport in 12 minutes An urban air mobility company called BLADE India has ... Read more »

Ranking Jose Mourinho’s 7 signings at Tottenham from worst to best

Jose Mourinho barely lasted 18 months as manager of Tottenham but still managed to make seven permanent signings of varying success during that time. Mourinho was appointed in November 2019 ... Read more »

Picked up hands and legs: Staff member after suicide bombing kills 100 students in Kabul

Picked up hands and legs: Staff member after suicide bombing kills 100 students in Kabul A suicide bombing at an education centre in Afghanistan’s Kabul killed at least 100 school ... Read more »

Germany to open student visa appointment slots from Nov; makes APS certificates must for applicants

Germany to open student visa appointment slots from Nov; makes APS certificates must for applicants NEW DELHI: The German Embassy will open new appointment slots for student visa applications through ... Read more »

New highway to cut Vijayawada-Bengaluru travel time by 5 hours: Here are the details

The Centre has announced the construction of a highway connecting Vijayawada to Bengaluru, aimed at reducing the travel time between the two cities by five hours. The 342-km highway is ... Read more »

Karnataka CM, Paytm Boss and others hail ONDC's launch in Bengaluru

The Open Network for Digital Commerce (ONDC) went live for the public in Bengaluru on Friday. This milestone in India’s ecommerce growth story was hailed by Chief Minister of Karnataka, ... Read more »

Central Bank of India recruitment 2022: Apply for 110 vacancies

Central Bank of India has invited online applications for recruitment to the post of Officers in specialist category- 2022-23 – Residual Vacancy in various streams. The application process is underway ... Read more »

This All-New Electric Passenger Aircraft Successfully Takes Its First Flight

This All-New Electric Passenger Aircraft Successfully Takes Its First Flight Air travel is known to be one of the largest sources of pollution. And while electric cars do exist, electric ... Read more »

Gujarat: Rickshaw driver who had dinner with Kejriwal shows up to PM Modi's rally with young supporters

Gujarat: Rickshaw driver who had dinner with Kejriwal shows up to PM Modi’s rally with young supporters An auto-rickshaw driver, who recently dined with Delhi Chief Minister Arvind Kejriwal during ... Read more »

PM Narendra Modi to inaugurate 5G services tomorrow

Prime Minister Narendra Modi will launch 5G services in select cities on Saturday (October 1) and also inaugurate the sixth edition of India Mobile Congress 2022 in New Delhi, the ... Read more »

As PM Modi rolls out 5G on Saturday, here’s how fast it really will be beyond the hype

Govt aims 5G coverage to reach pan-India in 2 years From waiting for videos to buffer, Indians went to creating their own content via smartphones after 4G was rolled out, and ... Read more »

Ayan Mukerji asked if ‘lack of planning’ led to Brahmastra delays, VFX budget tripling: ‘We didn’t know what we could run into’

Ayan Mukerji asked if ‘lack of planning’ led to Brahmastra delays, VFX budget tripling: ‘We didn’t know what we could run into’ Director Ayan Mukerji opened up about the many ... Read more »

Allu Arjun goes, 'What an honour,' as he and family poses with the Jawans at Wagah Border - See pic

allu arjun goes, ‘what an honour,’ as he and family poses with the jawans at wagah border – see pic On September 29, Allu Arjun celebrated the birthday of his ... Read more »

Baba, we have beautiful news! Tripling Season 3 is coming soon on Zee5

Tripling Season 3 promises to be a fun ride. Chandan, Chanchal and Chitvan are set to be back with another fun and adventurous trip in Tripling Season 3. Starring Sumeet ... Read more »

Gujarat auto driver whom Kejriwal met is a Modi supporter, was paid to meet Delhi CM: BJP leader

gujarat auto driver whom kejriwal met is a modi supporter, was paid to meet delhi cm: bjp leader New Delhi: The autor driver, who gained sudden prominence after Aam Aadmi ... Read more »

Bigg Boss 16: Munawar Faruqui to Nimrit Kaur, here's the complete list of contestants entering the house this year!

Bigg Boss 16: Munawar Faruqui to Nimrit Kaur, here’s the complete list of contestants entering the house this year! New Delhi: Bigg Boss is back with a bang! The show is ... Read more »

Coming Soon: Barcodes, QR Codes on 300 Top Selling Medicines to Pull the Plug on Fake Drugs in Market

Coming Soon: Barcodes, QR Codes on 300 Top Selling Medicines to Pull the Plug on Fake Drugs in Market The Centre may soon ask drugmakers to print or affix bar ... Read more »

Samsung Galaxy S23 Ultra design leaked online, looks identical to its predecessor

Samsung Galaxy S23 Ultra design leaked online, looks identical to its predecessor Samsung Galaxy S23 and Samsung Galaxy S23+ leaked renders got the ball rolling on information about the next ... Read more »

SC collegium recommends transfer of chief justices of two HCs, appointment of three new CJs

SC collegium recommends transfer of chief justices of two HCs, appointment of three new CJs The Supreme Court collegium has recommended the transfer of the chief justices of two high ... Read more »

‘A tit for tat’ move? Canada’s travel advisory for India explained

Canada has asked its citizens to avoid travelling to “areas within 10 km of the border with Pakistan” in Gujarat, Rajasthan and Punjab. The travel advisory comes a week after ... Read more »

Afghanistan: Suicide blast kills 19 at education centre in Kabul

Afghanistan: Suicide blast kills 19 at education centre in Kabul A suicide bomb attack at a learning centre in the Afghan capital on Friday killed 19 people as students prepared ... Read more »

Model found hanging inside hotel room in Mumbai, suicide note recovered

Model found hanging inside hotel room in Mumbai, suicide note recovered The body of a 30-year-old model was found hanging from a ceiling fan inside a hotel room at Versova ... Read more »

57% upside for Paytm? JPMorgan sees stock at Rs 1,000. Here's why

57% upside for Paytm? JPMorgan sees stock at Rs 1,000. Here’s why Foreign brokerage JPMorgan, which has an ‘overweight’ stance on One 97 Communications (Paytm), maintained its price target of Rs ... Read more »

Indoor air quality monitoring products — why buying them may not be such a good idea

Indoor air quality monitoring products that do not specify their accuracy and reliability, expected product lifetime and how to use them properly should be treated as scams, according to a ... Read more »

Bigg Boss 16 grand premiere on Oct 1. When and where to watch

Bigg Boss 16 grand premiere on Oct 1. When and where to watch Bigg Boss 16 is just a day away now and fans are excited to see their favourite ... Read more »

Texas, Vermont regulators object to Celsius stablecoin plan

Separate papers filed on September 29 by both agencies allege that there is a possibility that the firm may use the funds to resume operations in contravention of state rules. ... Read more »

G-23 leaders meet as Congress president poll race heats up

G-23 leaders met at the residence of Anand Sharma. Some G-23 leaders, including Prithviraj Chavan, Bhupinder Hooda and Manish Tewari, met at the residence of Anand Sharma on Friday. #WATCH ... Read more »

Bhopal: Not my daughter but her husband killed twins for Rs 5 lakh, says woman’s father

Murder accused Sapna Dhakad being taken to jail Bhopal(Madhya Pradesh): Father of 27-year-old Sapna Dhakad who allegedly killed her newborn babies, both twins has accused his son-in-law of killing the ... Read more »

All about Mallikarjun Kharge, the latest candidate in Congress President poll

All about Mallikarjun Kharge, the latest candidate in Congress President poll Congress leader Mallikarjun Kharge emerged as a top runner for the party’s presidential post on Friday. He filed his ... Read more »

How to buy NFTs: Step-by-step guide to the process

How to buy NFTs: Step-by-step guide to the process NFTs (or non-fungible tokens) are digital assets which represent real world items like artwork or real estate. The ownership details of ... Read more »

'He Put Milk Before Hungry Cats': RSS Leader Blames Ankita Bhandari's Father For Her Death

‘He Put Milk Before Hungry Cats’: RSS Leader Blames Ankita Bhandari’s Father For Her Death Even as the anger over the murder of Ankita Bhandari continues to grow, a Rashtriya ... Read more »

RBI MPC Repo Rate Hike: How Will It Impact Your Home Loan EMIs? Check Here

RBI MPC Repo Rate Hike: How Will It Impact Your Home Loan EMIs? Check Here After the RBI has increased the repo rate by 50 bps to 5.9 per cent, ... Read more »

Live updates: 2022 Mercedes-EQS 580 4MATIC launch, interiors, range, specifications, battery, features, safety

Live updates: 2022 Mercedes-EQS 580 4MATIC launch, interiors, range, specifications, battery, features, safety After the successful launch of the Mercedes-AMG EQS 53, Mercedes India is now gearing up to launch ... Read more »

US visa wait time: 1 lakh appointments in 'next few weeks'; embassy to hire temp staff to boost operations

us visa wait time: 1 lakh appointments in ‘next few weeks’; embassy to hire temp staff to boost operations The US embassy in India is taking steps to reduce the ... Read more »

Private texts between Jack Dorsey and Elon Musk released as part of Twitter-Musk lawsuit

Private texts between Jack Dorsey and Elon Musk released as part of Twitter-Musk lawsuit Elon Musk’s text exchanges with a number of prominent figures in business and technology have been ... Read more »

Health vulnerabilities facing India’s elderly

(AFP) In 2019-20, 2.6% of Indians in the 30-44 years age group were admitted to a hospital, according to the Union ministry of health and family welfare. For those aged ... Read more »
Breaking thailand news, thai news, thailand news Verified News Story Network