ENA Sectors 2025-02-21 16:03:07 <p><span style="font-size:14px"><strong>Ahmednagar, Feb 21 (KNN)</strong> Automotive components giant Kinetic Group has officially launched its state-of-the-art battery manufacturing facility in Ahmednagar, marking a significant milestone in its foray into the electric vehicle (EV) battery market. </span></p> <p><span style="font-size:14px">The Rs 50 crore investment underscores the Groups commitment to Indias growing EV ecosystem.</span></p> <p><span style="font-size:14px">The facility, inaugurated on Thursday, will produce 60,000 high-performance battery packs annually under the brand name 'Range-X'. </span></p> <p><span style="font-size:14px">Designed specifically for two- and three-wheeler electric vehicles, the batteries aim to meet the increasing demand from original equipment manufacturers (OEMs).</span></p> <p><span style="font-size:14px">The plant will manufacture both Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC) battery types, offering flexibility and advanced energy solutions for a range of EV applications. </span></p> <p><span style="font-size:14px">The LFP batteries boast a stable chemical composition, significantly reducing the risk of thermal runaway while ensuring peak performance in extreme temperatures. They also feature smart Battery Management System (BMS) integration for enhanced efficiency and longevity.</span></p> <p><span style="font-size:14px">Kinetic Group emphasised the eco-conscious design of its 'Range-X' batteries, utilising non-toxic, recyclable, and ethically sourced materials, aligning with global sustainability goals. </span></p> <p><span style="font-size:14px">Additionally, the company is developing prismatic cells tailored for three-wheelers, further diversifying its product portfolio.</span></p> <p><span style="font-size:14px">The NMC batteries produced at the facility promise exceptional energy density, offering longer-lasting power and a high charge-discharge rate, ensuring reliable performance even under demanding conditions.</span></p> <p><span style="font-size:14px">Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Group, highlighted the strategic importance of the new facility, stating, Range-X is a result of pioneering work in batteries and a significant step towards India's mobility transformation. </span></p> <p><span style="font-size:14px">The Ahmednagar facility represents our dedication to self-reliance, safety, and sustainability in battery technology. By integrating cutting-edge automation and smart technology, we aim to deliver efficient and clean energy solutions.</span></p> <p><span style="font-size:14px">India's EV market is projected to grow at a CAGR of 28.52%, reaching USD 18.319 billion by 2029. With increasing consumer adoption and strong government incentives, Kinetic Groups venture into EV battery manufacturing positions it at the forefront of this booming industry.</span></p> <p><span style="font-size:14px">Kinetic Engineering Limited (KEL), the flagship company of Kinetic Group, brings five decades of manufacturing expertise to this venture. </span></p> <p><span style="font-size:14px">The Ahmednagar unit employs around 1,000 staff across 32 manufacturing sheds, reinforcing the Group's longstanding industrial legacy.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41163 https://knnindia.co.in/news/newsdetails/sectors/kinetic-group-enters-ev-battery-market-with-rs-50-crore-ahmednagar-facility 2025-02-21 16:03:07 knnindia.co.in