Kinetic Engineering gets orders for gearbox manufacture from automakers
07 Apr 2007
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.
