Kinetic Watts & Volts Ltd. Gets approval for Maharashtra EV Policy with approximate benefit of 42 crores; Strengthens Local Manufacturing and Scale up Plans
Pune (Maharashtra) : Kinetic Watts & Volts Ltd. (KWV), the electric-vehicle arm of the Kinetic Group, is entitled to receive an incentive benefit of approximately ₹42 crore, which is to be realised in a phased manner over a period of 10 years under the Government of Maharashtra’s Electric Vehicle Policy.
The Maharashtra EV Policy outlines a comprehensive set of incentives aimed at establishing the State as a leading EV manufacturing hub. It integrates capital-linked support, buyer incentives, tax and fee exemptions, and provisions for component manufacturing to strengthen adoption and domestic capabilities across the EV value chain.
The Government was pleased to award the same to Kinetic Watts & volts, a subsidiary of Kinetic Engineering Limited that has recently entered the market of EV 2 wheelers with its model the Kinetic DX. The Kinetic DX EV, is the return of the iconic Kinetic DX, which redefined mobility nearly 4 decades ago. Kinetic Watts and Volts has designed the scooter ground up and tooled up 99% of its components. The vehicles are produced in Ahilyanagar, Maharashtra, with 99% of its parts coming from India, making it a truly Atmanirbhar initiative, and a major factor in the qualification of the company for the scheme.
KWV’s entitlement under the policy marks a significant milestone that complements the Group’s recent investments in advanced EV manufacturing infrastructure. Over the past period, Kinetic Engineering and its EV subsidiary have undertaken focused capital deployment to build modern production lines and component facilities in Maharashtra, with the objective of localising critical subsystems, enhancing quality control, and reducing supply-chain dependencies.
Mr. Ajinkya Firodia, Vice Chairman & Managing Director, Kinetic Watts & Volts Ltd., said, “The Maharashtra EV Policy is a progressive step toward building a strong domestic EV ecosystem. The incentive linked to our investment of around ₹70 crore, supports our strategy of robotics-led manufacturing and in-house battery assembly. This will help us accelerate localisation, expand production capacity, and deliver durable, safe and accessible electric mobility solutions for Indian families at scale.”
The Kinetic DX EV boasts of several first-in-segment ‘EASY’ features patented by Kinetic, including Easy Charge™, Easy FLIP™ & Easy key™. It comes with a strong metal body and has 37-litres of under-seat storage, which is also class-leading. KWV has commenced its sales and service operations in Pune, Mumbai, Vadodara, and Surat; and is expected to scale nationally soon.