Kinetic Engineering Limited (KEL) announces its contribution to the Indian government’s vision of promoting electric vehicles (EV) in India.
Kinetic shall utilize its strong technical knowledge, vast manufacturing experience, and vertically integrated in-house capabilities to provide high-quality systems and components to its EV customers. The company will soon be initiating the development of axles and gearboxes for the EV market.
KEL sees huge opportunities in providing a complete power train solution and hence proposes to design, develop and manufacture 2-speed gearboxes, and complete rear axle assembly along with the motor and controller, which is ready to fit onto vehicles. The kits will range from 1 KW to 10 KW and will be useful for scooters, mopeds, passenger, and load-carrying 3 wheelers and even trucks and buses. There is a great demand from existing vehicles using internal combustion (IC) engines which have crossed their useful life, to be converted into electric vehicles and these kits can be used for the same. The rollout of the kits shall be in a phase wise manner starting with the 2 and 3 wheeler segment and will later be introduced for higher KW powertrains. Currently, such kits are imported from abroad, mainly China and therefore the development of such kits will be a pioneering initiative by Kinetic.
Speaking about this development, Mr. Ajinkya Firodia, the Managing Director of KEL said, “In the automotive world, electromobility is gaining massive acceptance as it eliminates emissions which is one of the major reason for climate change and reduces the use of fossil fuels thereby protecting the environment. We see this initiative of KEL as contributing to our government mission of promoting EVs as a part of controlling air pollution and providing a cleaner, greener environment. It is a futuristic step for our automotive industry and also backs the “Make in India” initiative. KEL expects to service around 400,000 units across 3 wheelers, 2 wheelers, and mini 4 wheel applications by the year 2025, having a business potential of more than INR 200 crores.”