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 | 10130.95 |
| Hero MotoCorp | 5066.80 |
| TVS Motor | 3496.75 |
| Eicher Motors | 7329.55 |
| Ather Energy | 934.40 |
| View more.. | |
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