Pune-based two-wheeler major Kinetic group company Kinetic Engineering has been
mandated to supply gearboxes for the Rs1-lakh car proposed by Tata Motors.
group''s auto components manufacturing arm, Kinetic Engineering Ltd, will also
invest around Rs40-50 crore to set up a manufacturing facility for gearboxes at
Tata Motors'' vendor park at Singur in West Bengal.
strongly believe in the potential of the small car and our company, Kinetic Engineering,
will be supplying gearboxes for the car," Kinetic Engineering''s director
Sulajja Firodia Motwani said.
would be supplying two types of gearboxes - manual and variomatic - she said without
divulging the figures.
Motors'' order for a full year is expected to be in the range of Rs60-70 crore.
auto manufacturers make gearboxes themselves because of the complex machining
involved but in Kinetic Engineering''s case, given our good reputation as an original
equipment manufacturer, we have been given the order to supply the full gearbox
to Tata Motors," she said.
has begun work at the Singur site and the plant is expected to be operational
in about 6-8-months, Motwani said, adding that manufacturing of the gearboxes
will be undertaken at Kinetic''s Ahmednagar unit as well as its new unit in Singur.
company has invested a sum of Rs50 crore for plant and machinery at both locations.
relationship with the Tata Group began in March this year, when it started making
gearboxes for Tata 407 truck and the recently launched Winger.
said the company would most likely go in for mezzazine financing of around Rs75-80
crore. Kinetic Engineering expects to close FY08 with a turnover of Rs130 crore,
she said, adding "we are also hopeful of breaking even this fiscal."
also see : Other
reports on Kinetic Engineering
reports on Tata Motors