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Mumbai:
Kinetic Engineering Ltd (KEL), the engine and gearbox
manufacturing arm of the Kinetic group, has received orders
for the supply of gearboxes from premier Indian automobile
companies.
The
company has bagged the order to supply gearboxes for the
forthcoming Tata Motors'' panel van (based on the Renault
Trafic platform) and Force Motors'' Minidoor and Mini 4-door
three-wheeler. The company has also received a Rs25 crore
export order to supply 50cc engines to a Holland-based
moped company.
The
annual export shipment of 30,000 engines will start shortly.
The
domestic orders would be primarily driven on market response
generated by the respective vehicles. However, the panel
van is likely to be launched shortly with Tata Motors
having acquired the jigs and fixtures for around Rs80
crore almost a year ago.
The
company had earlier acquired orders in the export market
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. Increase in domestic
and export orders, development of a new three-wheeler
engine is part of the company''s strategy to generate a
turnover of Rs160 crore in 2007 with a targeted turnover
of Rs500 crore.
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