Kinetic Group: Rs 50 Crore Investment in Battery Manufacturing

Kinetic Group is investing Rs 50 crore to set up a battery manufacturing plant in Ahmednagar with an annual capacity of 60,000 battery packs for two- and three-wheelers. The plant will produce LFP and NMC batteries, including proprietary Range X battery packs. This diversification is part of a larger Rs 177 crore investment plan to grow their EV business and aim for Rs 1,000 crore revenue by 2029.