Kinetic Engineering Reports 33% Revenue Growth, EV Sales Cross 600 Units

Kinetic Engineering Limited (KEL) is strengthening its presence in India’s electric mobility space, supported by growing vehicle sales, an expanding dealership network and improved financial performance. The company’s electric vehicle (EV) business, operated through its subsidiary Kinetic Watts & Volts Ltd., continues to gain traction as customer adoption increases across early markets 

KEL has surpassed 600 cumulative EV sales, reflecting steady demand for its electric mobility offerings. To support this growth, the company is expanding its retail footprint in a phased manner. At present, Kinetic Watts & Volts operates seven EV dealerships, with plans to add eight more outlets by the end of February 2026. This expansion will take the total dealer count to 15, reinforcing the company’s market-by-market growth strategy.

Revenue Rises 33 Percent YoY

Alongside its EV momentum, KEL reported a significant improvement in financial performance. Consolidated revenue from operations for the quarter ended December 2025 stood at ₹38.37 crore, up from ₹28.90 crore in the corresponding period last year, marking a year-on-year (YoY) growth of 33 percent. The increase was driven by improved execution across manufacturing operations and rising contribution from the EV business.

Leadership Strengthened to Support Scale-Up

To support the next phase of growth, Kinetic Engineering Limited has strengthened its senior leadership team with the appointment of Rajesh Dhongade as Chief Operating Officer and Key Management Personnel. Dhongade brings over 24 years of experience in automotive and industrial manufacturing, with expertise spanning plant setup, manufacturing scale-up, operations management and business development. 

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His appointment is expected to enhance operational discipline as the company scales both its EV and core manufacturing businesses 

Commenting on the company’s progress, Ajinkya Firodia, Vice Chairman and Managing Director, Kinetic Engineering Limited, said, “Our EV business is entering a phase of measured scale-up, supported by growing customer acceptance, expanding retail presence, and stronger operational execution. Crossing 600 EV sales and steadily expanding our dealer network reflects the confidence the market is showing in our product and approach.” 

He went on to add that the improvement in revenues highlight the strength of our manufacturing backbone. As we scale further, strengthening leadership will be critical to sustaining quality, efficiency, and long-term growth.”