Kinetic Engineering (KEL), the automotive subsidiary of
the Kinetic Group, has acquired orders from major two-wheeler
players such as MV Agusta of Italy and another from Tomos
of Slovakia to design and develop 125cc and 50cc motorcycle
engines for exports.
all 30,000 engines and frame parts would be shipped to
the two companies.
are likely to begin by year-end and the company hopes
to export engines worth at least Rs20 crore in the current
year. In 2008, exports may go up to Rs50-55 crore.
has been exporting various automotive components to international
players like Bombardier Recreational Products, Carraro,
Visteon, GKN Rockford, Piaggio and Electrolux.
company expects to generate a turnover of Rs160 crore
from the newly restructured automotive business in 2007
and is targeting a turnover of Rs500 crore for 2009.
will now focus on products like small engines up to 500
cc ideal for two-wheelers and recreational products such
as ATVs or jet-skies, complete gearboxes for automobiles,
earth moving equipment, and commercial vehicles; and a
wide array of precision components.