Kinetic Watts & Volts Ltd Gets approval for Maharashtra EV Policy with Approximate Benefit of Rs 42 Crore
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The stock is up by 84 per cent from its 52-week low of Rs 165.75 per share.
Kinetic Watts & Volts Ltd. (KWV), the electric-vehicle subsidiary of Kinetic Engineering Limited, has secured approval under the Maharashtra EV Policy for incentives totalling approximately Rs 42 crore. Announced on February 10, 2026, this benefit will be realised over 10 years, specifically supporting the group’s "Atmanirbhar" efforts in Ahilyanagar. The qualification for this scheme is largely driven by the Kinetic DX EV, a ground-up redesign of the iconic scooter featuring 99 per cent localised components. This incentive serves as a major endorsement of the company’s commitment to domestic manufacturing and its role in establishing Maharashtra as a premier hub for electric mobility.
The allocated funds are earmarked for scaling up production and enhancing technical capabilities, including robotics-led manufacturing and battery assembly for the Range-X operations. By strengthening its supply-chain resilience and dealer network, KWV aims to accelerate the rollout of its EV portfolio while reducing dependence on imported subsystems. These investments in advanced infrastructure and modern production lines reflect Kinetic’s strategic pivot toward a high-tech, localised EV ecosystem, ensuring long-term competitiveness in the rapidly evolving Indian two-wheeler market.
About the Company
Kinetic Engineering Limited (KEL) is the flagship company of the Kinetic Group, with over five decades of manufacturing excellence. Headquartered in Pune and led by Ajinkya Firodia, Vice Chairman & Managing Director, KEL has been a pioneer in India’s automotive industry. KEL’s state-of-the-art manufacturing facility in Ahmednagar spans 32 sheds, houses over 400 machines and employs around 1,000 personnel. All products are IATF 16949 certified, underscoring KEL’s commitment to global quality standards. The company recently celebrated its 52nd anniversary and boasts an esteemed clientele that includes Renault, American Axle, Tata Motors, Mahindra & Mahindra, Ashok Leyland, Magna Powertrain, Sonalika Tractors, Carraro Products, among others.
The company has a market cap of Rs 695 crore and reported positive numbers in its Quarterly Results (Q3FY26) and annual results (FY25). The stock is up by 84 per cent from its 52-week low of Rs 165.75 per share.
Disclaimer: The article is for informational purposes only and not investment advice.