Armed with a new corporate logo, Kinetic Motor Company on Tuesday said it expected to turn around this year, while the sister concern Kinetic Engineering is expected to do the same next year.
Kinetic Motor Company on Tuesday launched a low-priced scooterette Zing 80 to boost sales in the segment.
Two wheeler manufacturer Kinetic Motors on Tuesday sold a 11.1 per cent stake to Taiwan-based Sanyang Industry Company Ltd for Rs 13.63 crore (Rs 136.3 billion).
Kinetic Motor is planning to export its recently launched Blaze range of motoscooters to Japan.
In a bid to enhance shareholders' value, the Kinetic group is restructuring operations to house its two-wheeler and auto-component businesses in Kinetic Motor Company and Kinetic Engineering, respectively.
Kinetic Motor Company, the Pune-based scooter-maker, which sold its business assets to Mahindra and Mahindra for Rs 110 crore (Rs 1.1 billion) on Wednesday, is now considering to get into the auto components business.
Kinetic Motor Company, the country's pioneer in modern gearless scooters, proposes to bring out seven new models of two-wheelers in a tie-up with Italian scooter manufacturer Italjet.
Two thousand seven will be a busy year for two-wheeler manufacturer Kinetic Motor Company Limited.
Mahindra & Mahindra (M&M), India's largest sports utility vehicle maker, is buying a major portion of two-wheeler maker Kinetic Motor Company's assets in a deal valued at Rs 110-120 crore (Rs 1.1 to 1.2 billion).
Kinetic Motor has entered into an alliance with Italian two wheeler maker Leopoldo Tartarini, founder of Italjet, for manufacturing and distribution rights for seven best selling international brands from Italjet's range of scooters.
Two-wheeler manufacturer Kinetic group has been mandated as a vendor for gear boxes for the Rs 1-lakh car by Tata Motors.
Kinetic Motors on Monday said it was considering going in for restructuring, which would see the company increase authorised share capital and enter into strategic tie-ups and joint ventures, apart from launching new models.
Kinetic Motor's assets bought for Rs 110 crore.
A Mahindra in every household wouldn't be realised without two-wheelers.
After ruling the Indian scooter scenario for a long period, Kinetic Motors is changing gears. It now wants to foray into the much-hyped and highly competitive motorcycles segment.
Two-wheeler major Kinetic Engineering plans to sell 1,000 units of its new sports bike Comet 250 in India, a top company official said.
Firodia talked about his plans for the EV-components business, and the components business at large for the group
Hopes to launch e-scooters within two years
The Mumbai-based company will take on Hero Honda, Bajaj Auto and HMSI and will have models in the 100cc, 125cc and 150cc mobike segments, and also in the ungeared low and high-powered scooter segments. Hero Honda has a 60 per cent share of the motorcycle segment, while HMSI commands a 58 per cent of the scooter market. Anand Mahindra said: "Our two-wheeler project is complete; we have already begun marketing the fleet in Bangalore."
With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE.
India has seen multiple instances of termination of agreements in joint venture contracts, most of which were formed in the early 1980's.
Mopeds are sought by people with smaller businesses, with their weight-carrying and haulage ability beside being lighter and easy to manoeuvre in traffic.
The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the recently introduced Electric Mobility Promotion Scheme (EMPS) 2024. "A total of 11 firms have been granted approval under the EMPS, with several more under consideration," informed a senior official of the ministry to Business Standard. The scheme aims to sustain the growth in EV sales, replacing the Faster Adoption and Manufacturing of Electric Vehicles - II (FAME-II) scheme.
With every two-wheeler company except Bajaj offering scooters now, that day is not far when the company that made 'Haamara Bajaj' a household name will get back to the segment where it once ruled.
New electric and hybrid vehicles on display as manufacturers plug into environment-friendly segment.
After Aprilia, legendary Italian motorcycle major MV Agusta has finally entered the Indian two-wheeler market in collaboration with the Kinetic Group.
.jpg)
Scooters such as those from Kinetic Motors had become gearless by then and were no more family rides, but peppier individual modes of transport.
Transport Minister Nitin Gadkari puts them out of the ambit of Motor Vehicles Act; experts say some regulation, licensing and driver training will be necessary
Here are 6 Indian motorcycles which were complete failures in the Indian two-wheeler market.
The impact for all electric two-wheelers, which are imported mostly from China, is that it will lead to price escalation that will be passed onto customers.
The lumbering Ambassador and Fiat cars, it ruled the Indian roads throughout the 1970s, while the Rajdoot and Jawa as well as the old Royal Enfield motorcycles trailed far behind.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
The 2015 Ford Figo is a completely new product and does not share anything with its earlier model
