Kinetic Motor Company (KMCL) has received its board’s approval to merge with Kinetic Engineering (KEL). Moreover, an exchange ratio of 7.75 : 1 was approved for the equity shares of KMCL and KEL. Kinetic Engineering has a direct holding of 36.92% in Kinetic Motors. Kinetic Motor Company holds 20% equity stake in Mahindra group two-wheeler maker Mahindra Two Wheelers. It may be recalled that the Mahindra group had acquired the business assets of Kinetic Motor Company in 2008.
Kinetic Engineering manufactures a variety of automobile components. The company manufactures transmission components, engine components, as well as gearbox and assemblies for auto and non-auto products. Kinetic also manufactures various body components, has a press shop, paint shop, and assembles complete vehicles for some of its customers.
Kinetic Motor Company produces a complete two-wheeler portfolio, which ranges from mopeds, scooters and bikes. Manufacturing plants of the company are at Pithampur (for scooters), Ahmednagar (for scooterettes and mopeds) and Koregaon (for bikes).
Company Name | CMP |
---|---|
Bajaj Auto | 9921.75 |
Hero MotoCorp | 5798.80 |
TVS Motor | 2441.95 |
Eicher Motors | 4805.70 |
Atul Auto | 552.70 |
View more.. |