Kinetic Engineering gets engine export orders
07 Apr 2007
Mumbai: 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.
In all 30,000 engines and frame parts would be shipped to the two companies.
Shipments 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.
KEL has been exporting various automotive components to international players like Bombardier Recreational Products, Carraro, Visteon, GKN Rockford, Piaggio and Electrolux.
The 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.
KEL
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.
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