Kinetic Engineering Limited
| Industry | Automotive |
|---|---|
| Founded | 1972 |
| Founder(s) | H K Firodia |
| Headquarters | Pune, India |
| Parent | Firodia Group |
| Website | kineticindia.com |
Kinetic Engineering Limited is an automotive component manufacturer in India which formerly sold two-wheelers under the brand names Kinetic Honda and later Kinetic. It introduced Kinetic Luna moped which sold well domestically and has been was exported to the 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.
Notes
- ↑ International Business Times, 31 July 2008, "Mahindra & Mahindra buys Kinetic Motor for Rs.110 crore, forays into two-wheeler market" by Surojit Chatterjee.
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