Investment worth Rs 30 crore planned by Kinetic Engineering
Automotive sector firm Kinetic Engineering has plans to invest Rs 30 crore in its subsidiary Kinetic Watts and Volts. This investment would focus on expanding the new venture's research, development, and electric vehicle (EV) components manufacturing capabilities.
The firm announced the setting up of a subsidiary company to manufacture electric vehicle components such as motors, axles, frames, controllers, and batteries in the year 2022.
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