Kinetic has not been afraid of experimenting with its product line-up, but success has still been largely elusive for the company
Amidst reports of a buyout by Mahindra, it is business as usual at Kinetic Motors, which is now actually looking to raise up to Rs 125 crore to fund its expansion plans. Sulajja Firodia Motwani, MD, Kinetic Motors, says the company is looking at raising these funds within the next three months, and that the money would be used to launch new two-wheelers and to add capacity.
Kinetic has tie-ups with SYM of Taiwan, Italjet of Italy and Hyosung of Korea. The company may look at introducing new scooters with the first two, and might possibly decide to import the Hyosung GT250 and/or GT650 motorcycles from Korea. Kinetic also makes the two-stroke Mito 125 for Italian manufacturer, Cagiva, and may explore possibilities of selling that bike in India in limited numbers.
