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Kinetic to set up new gearbox facility in Singur Print E-mail
Written by Arjun   
Saturday, 15 September 2007
 MUMBAI: Kinetic Engineering Ltd., the auto component manufacturing arm of Pune-based Kinetic Group, will invest up to Rs 50 crore to set up a manufacturing facility to make gears and gearboxes, in Tata Motors' vendor park at Singur in West Bengal. The company has bagged a prestigious order from Tata Motors for the supply of complete gearbox and gears for its Rs 1-lakh small car, which is to be manufactured at its upcoming unit in Singur.  The company has already invested in land in Singur and has begun work on its facility which is expected to get operational in about 6-8-months. Sulajja Firodia Motwani, Managing Director, Kinetic Engineering Ltd., said that they would be using skill sets from their Ahmednagar unit, which would be transferred to Singur in the next few months.

 The initial order from Tata Motors is worth around Rs. 70 crore.

 Kinetic will be supplying manual and variomatic gearboxes. The company is already making gearboxes for Tata Motors’ commercial vehicles — the 407 and the Winger. This is the first time Kinetic will manufacture components for the passenger car segment.

 Normally, auto manufacturers manufacture gearboxes themselves because of the complex machining involved. Kinetic Engineering's good reputation as an original equipment manufacturer (OEM) has led to the order to supply full gearbox to Tata Motors. In a statement, Arun Firodia, Chairman, Kinetic group, said,“We are excited to be part of this prestigious project and even more so as the gear-box work is important high end engineering, and a critical component of the car.”

 Tata will be setting up two more facilities for the small car — of which one will be in Uttaranchal. Kinetic will also be setting up facilities wherever Tata's small car projects are coming up.  Tata Motors is expected to launch the car in 2008-09. In the first phase it will make 1.75 lakh units of the car annually.

 Kinetic Engineering Ltd’s clients include Tata Motors, Force Motors and international companies like MV Agusta, Tomos, Bombardier, Recreational products, Carraro, Visteon, GKN Rockford, Piaggio and Electrolux.

 Kinetic Engineering Ltd now focuses exclusively on auto component manufacturing and expects to register a turnover of Rs. 160 crore this year and Rs. 500 crore by 2009-10. The Kinetic group had announced the completion of its business and financial restructuring for tapping opportunities in the auto component manufacturing sector.
Last Updated ( Friday, 05 June 2009 )
 
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