Pune-based Kinetic Group, a prominent player in the automotive components sector, has announced its entry into the electric vehicle (EV) battery manufacturing space. The company has set up a new production facility in Ahmednagar, Maharashtra, with an investment of ₹50 crore. The plant will produce 60,000 Range-X batteries annually, catering to electric two-wheelers and three-wheelers. These batteries will support both Kinetic’s in-house production and supply to external original equipment manufacturers (OEMs).
The facility will manufacture two types of batteries: LFP (Lithium Iron Phosphate) and NMC (Nickel Manganese Cobalt), designed to meet the diverse needs of the EV market. Additionally, Kinetic Group is developing prismatic cells specifically for three-wheelers, further expanding its product portfolio.
Focus on Safety, Sustainability, and Innovation
Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Group, highlighted the significance of the new facility. “Range-X batteries are the result of our pioneering work in battery technology and represent a crucial step in India’s EV transformation,” he said. “The Ahmednagar facility embodies our commitment to self-reliance, safety, and sustainability in battery innovation.”
The Range-X batteries are built using advanced LFP technology, known for its superior safety and performance. The stable chemical composition of LFP batteries reduces the risk of thermal runaway, making them a safer choice for EVs. These batteries are also designed to perform reliably in extreme temperatures, ensuring consistent performance across various climatic conditions.
Smart Technology for Enhanced Efficiency
The facility integrates automation and smart technology to deliver efficient and clean energy solutions. Range-X batteries come equipped with a Smart Battery Management System (BMS), which optimizes energy efficiency and enhances battery health. The intelligent BMS continuously monitors and regulates power output, ensuring longer battery life and improved performance for different EV applications.
In addition to LFP batteries, Kinetic Group is developing high-energy-density NMC batteries, which offer longer-lasting power for a wider range of EV uses.
Aligning with India’s EV Growth
India’s EV market is projected to grow at a compound annual growth rate (CAGR) of 28.52%, reaching $18.3 billion by 2029. Kinetic Group’s investment in battery manufacturing positions it to meet the rising demand for high-quality EV batteries. The company is also focusing on localizing Battery Management Systems (BMS) and aligning with the Production-Linked Incentive (PLI) schemes under the PM E-drive initiative. These efforts support India’s Make in India movement and contribute to the country’s vision of clean mobility.
About Kinetic Group
Kinetic Group is a leading Indian conglomerate with a strong legacy in the automotive and engineering sectors. The company gained fame with the iconic Kinetic Honda two-wheeler and has since diversified into electric mobility, automotive systems, and advanced engineering solutions. Through its subsidiary, Kinetic Green, the group offers a range of electric scooters, three-wheelers, and golf carts, driving India’s transition to sustainable transportation.
With a focus on innovation, manufacturing excellence, and eco-friendly solutions, Kinetic Group continues to play a key role in shaping the future of mobility in India.
