Bike RPM » Kinetic

Mahindra-Kinetic co-branded scooters to be launched later this month

rajiv — Wed, 14 Jan 2009 08:20:16 +0000

M&M, which bought a controlling stake in the Pune-based two-wheeler manufacturer, Kinetic, in July/August 2008, is now ready to re-launch the Kinetic range of scooters. These vehicles have been revamped and will now be co-branded as Mahindra-Kinetic. These re-branded vehicles will be available in Kinetic showrooms (which will also be revamped and which will now carry new logos) by the end of this month.

Kinetic scooters will still be manufactured at its Pithampur plant (near Indore, in MP) and prices will not change. The range will include the Flyte 125 and Nova 135, though it isn't clear whether the Blaze will also continue. Fitted with a 170cc engine (originally sourced from Hyosung), the Blaze is India's biggest, most powerful scooter, but hasn't been doing too well in the market and may be discontinued.

With its Mahindra-Kinetic products, M&M is said to be looking at focusing on entry-level mass-market two-wheelers to begin with, though it may also develop other products for the 'lifestyle' segment later on. In fact, M&M is said to be looking at tying up with a European bike manufacturer for high-end bikes, which it will launch at a later date.

[via: indiaautomotive]

Kinetic to make Gearboxes for Tata Nano

rajiv — Thu, 09 Oct 2008 14:23:50 +0000

Kinetic which is partly owned by Mahindra & Mahindra, has bagged the order to make transmissions for the Nano and possible even its engines! If you could recall, The Kinetic group showcased a concept car that costed just 1 lakh. This would have happened had the Indian Govt obliged and reduced the taxes from 40% to the 16% that they wanted. Still, they always had some unfinished business and now there are in it again, and will be making thousands of transmissions for the coveted Nano.

Arun Firodia, Chairman, Kinetic said, "We'll get the engine order, once we make this successful." Firodia had earlier mentioned that the agreement with Tata Motors to supply gearboxes may help the company.

It is predicted that Kinetic may generate Rs 3,000 crore annually from Nano project. 500,000 units of the Nano are expected from the various plants within three to five years. Kinetic, it seems, wanted to make even the engine of the Nano, but Tata Motors weren't interested, not at least in the initial stages.

Kinetic to make Gearboxes for Tata Nano

rajiv — Thu, 09 Oct 2008 14:11:10 +0000

Kinetic to invest Rs 30 crore in Mahindra Two Wheelers Pvt Ltd

rajiv — Sat, 27 Sep 2008 11:21:50 +0000

Pune-based two-wheeler manufacturer Kinetic Motor has announced that it will invest up to Rs 30 crore in Mahindra Two Wheelers Pvt. Ltd., to buy 2.95 crore equity shares of the latter. Kinetic took this decision during its extraordinary general meeting held yesterday.

Kinetic's EGM also approved an increase in its authorized share capital from the current Rs 88.56 crore to Rs 93.56 crore, by creation of new five lakh redeemable cumulative preference shares of Rs 100 each.

[Via: Indiaautomotive]

KMCL to sub-licence ‘Kinetic’ brand to Mahindra

rajiv — Tue, 02 Sep 2008 10:13:59 +0000

The Pune-based Kinetic Motor Company Ltd. (KMCL) has announced it will extend its brand licence agreement with Kinetic Engineering Ltd. (KEL) for the use of 'Kinetic' brand, and will also sub-licence the brand to Mahindra Two Wheelers Pvt. Ltd. The pact would be extended for another 25 years with effect from 1st April 2009, and the sub-licensing would also be for 25-year-period, Kinetic Motor said in a filing to the Bombay Stock Exchange.

'For renewal of the said Brand Licence agreement, KMCL has agreed for a consideration of Rs 7.75 crore to be paid to KEL,' the filing added. While Rs 2.75 crore has to be paid on or before 31st March 2010, the rest would by way of issuing five lakh redeemable cumulative preference shares of Rs 100 each, fully paid up, in the share capital of the company.

Further, Kinetic Motor would invest up to Rs 29.5 crore in equity shares of Mahindra Two Wheelers Pvt. Ltd., subject to shareholders approval and other necessary approvals. These decisions were taken at Kinetic Motor's board meeting yesterday.

Mahindra to acquire stake in Kinetic Motor

rajiv — Thu, 22 May 2008 17:52:50 +0000

Mahindra & Mahindra is planning to acquire a 76% stake in two wheeler maker Kinetic Motor Company for an estimated 120 crore rupees, for which it has signed up a term sheet and was doing due dilligence, sources have reported. The deal could frutify in the next two months. Kinetic Motor's Managing Director Sulajja Firodia declined to comment on it, saying this is completely speculative.

Kinetic Motor company is seeking fund infusions to the tune of Rs. 125 Crores and is looking at both financial institutions and staretegic investors, which would help the company to return to profit.