Kinetic to launch electric version of Luna
PTI, Dec 26, 2022, 2:05 PM IST
The Kinetic Group will be launching the electric version of its once popular moped Luna, according to a regulatory filing by Kinetic Engineering.
The E-Luna will be launched shortly by sister company Kinetic Green Energy & Power Solutions, the company said on Monday.
Kinetic Engineering Ltd (KEL) has commenced production of chassis and other assemblies for the electric avatar of the Luna, it added.
The company has developed all the major subassemblies for E-Luna, including the main chassis, main stand, side stand and swing arm and set up a dedicated production line with an initial capacity of 5,000 sets per month.
”We expect this business to add over Rs 30 crore annually over the next 2-3 years as the volumes of the E-Luna increase. This will also help KEL to boost its presence in the EV segment,” KEL Managing Director Ajinkya Firodia said.
At its peak, the Luna was selling over 2,000 units per day, he said adding,”I am sure it will do very well in its new avatar”.
He further said,”KEL is emerging as a one stop shop for all the major mechanical subassemblies for electric two and three-wheelers, which have witnessed explosive growth over the past 12 months.” KEL said exactly 50 years ago, it had launched the Luna, then priced at Rs 2,000 ”which made it the most efficient, affordable, convenient transportation solution to India”.
The Luna had become a popular moped and touched sales of 2,000 vehicles per day, commanding a 95 per cent market share in its category at its peak, the company said.
KEL said all the assemblies will be fully finished, duly painted in its factory at Ahmednagar. It has also installed a brand new line of over 30 welding machines at an exclusive shop within the plant and invested over Rs 3 crore in upgrading its paint shop and press and fabrication shops.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Passenger vehicle wholesales up marginally at 3,93,238 units in Oct: SIAM
HMSI recalls GL1800 Gold Wing units to fix faulty component
Hero MotoCorp looks to scale up EV biz, lines up new models
Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand
Maruti Suzuki looks to cash in on ‘few lakh marriages’ in Nov to carry festive sales momentum
MUST WATCH
Latest Additions
Vikram Gowda Encounter: Uneasy silence shrouds Peethabail
Kaziranga National Park to be centrepiece of 12th edition of ITM in Assam
Engineer dead, supervisor injured as wire rope snaps at metro site
Karnataka bypolls: Cong leads in Sandur, BJP and JD(S) ahead in Shiggaon and Channapatna
COP29: Civil society protests climate finance proposal, calls for ‘no deal’ over ‘bad deal’
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.