Kinetic Engineering Ltd (KEL) has commenced production of chassis and other assemblies for the electric avatar of the Luna.
The E-Luna will be launched shortly by its sister company Kinetic Green Energy & Power Solutions. KEL has developed all the major subassemblies for the vehicle, including the main chassis, main stand, side stand, and swing arm, and has set up a dedicated production line with an initial capacity of 5,000 sets per month.
KEL has also invested over INR three crore to meet the requirements of upgrading its paint, press, and fabrication shops. For instance, the welding for these critical & various parts will be done through a brand new line of over 30 welding machines set up in an exclusive shop within the plant. All the assemblies will be fully finished and duly painted in its factory at Ahmednagar, the release noted.
The parts for E-Luna shall add significantly to KEL’s topline at about INR 30 crore annual estimation, beginning the first quarter of next year, a press release from the company stated.
Ajinkya Firodia, MD, KEL, said, “It is amazing that the iconic Luna is coming back in its E-Avatar! At its peak, Luna was selling over 2,000 numbers per day.”
He expects this business to add over INR 30 crore annually over the next 2-3 years as the volumes of the E-Luna increase.
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