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Thursday, Jul 22, 2004

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Kinetic to supply auto parts to other cos

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Mr Ajinkya Firodia, General Manager, Marketing, Kinetic Engineering, at the launch of Kinetic Nova 135cc in Bangalore on Wednesday. — G.R.N. Somashekar

Bangalore , July 21

KINETIC Engineering has kick started its plans to supply auto components to other manufacturers.

The General Manager (Marketing) of Kinetic Engineering, Mr Ajinkya Firodia, told newspersons that it recently bagged an order from auto component major, Visteon, a Ford subsidiary, to supply starter motors.

"It is a small beginning but we see a big opportunity in the business," Mr Firodia said. He said the company expects around Rs 50 crore revenue from this business in 2005-06.

Till now Kinetic Engineering used to supply components to other group companies apart from manufacturing motorcycles. Mr Firodia said the company expects to launch its first of the Italjet scooters by the end of the calendar year. It also plans to export Italjet scooters. The company also plans to launch Hysong Comet, a sports bike, by October. The bike is likely to be priced at around Rs 2 lakh.

It has also launched Kinetic Nova 135, the `most powerful' scooter in its category. Priced at around Rs 37,500, Kinetic Nova has a four-stroke engine and gives a mileage of around 60 kmpl.

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