Is Kinetic coming back to India?
Kinetic Makes a Powerful Comeback in the EV Era. Kinetic, one of India’s most iconic two-wheeler brands, has made a strong return—this time with an all-electric scooter. The legendary Kinetic Honda is back in new avatar as Kinetic DX electric. The Kinetic DX electric scooter has been launched in India at a starting price of Rs 1. It also gets a DX+ variant available at Rs 1.
Who owns the Kinetic brand?
Arun Firodia, the chairman of Kinetic Group is an epitome of the combination of a brilliant engineer and an astute businessman’ Apart from being a leading industrialist, Dr. Arun Firodia is also a prominent social activist’ Born to Shri H. K. Firodia in 1943, Dr. Arun Firodia obtained his B. Sulajja Firodia Motwani is an Entrepreneur and the Founder and CEO of Kinetic Green Energy and Power Solutions Limited, a company specialising in green mobility solutions. She is also the Vice Chairperson of Kinetic Engineering Limited, which is part of the Kinetic Group, a pioneer in the Indian automotive industry.
Is Kinetic an Indian brand?
Kinetic Engineering Limited is an Indian automotive manufacturer. The company was founded in the year 1972 by H. K. Firodia. Today it is an automotive component manufacturer which formerly sold two-wheelers under the brand names Kinetic Honda and later Kinetic Motors. In 1998, Kinetic Honda Motors Limited (KHML), a joint venture between Kinetic and Honda, began experiencing financial troubles as its market share declined. Honda eventually decided to end the joint venture.
Who owns Kinetic?
Supported by two major shareholders Kinetic is backed by two major shareholders, OPTrust and Foresight Group, with local management holding a minor shareholding. Kinetic is majority owned by Canadian pension fund OPTrust and British infrastructure manager Foresight Group (who acquired Kinetic’s previous co-owner Infrastructure Capital Group in 2022).Australian public transport operator Kinetic has entered into an agreement with U. S. TPG, under which the latter will acquire a 70 percent equity interest and become the company’s majority shareholder.