Kinetic Engineering grants subsidiary brand license for EV expansion
KEL grants brand license to subsidiary KWV for entry into EV sector. KWV finalizing product lineup and go-to-market plans, with KEL investing Rs 71.83 crore for 80% ownership. Kinetic Group also ventures into battery manufacturing. KWV has non-exclusive right to use Kinetic brand name for EV business. KEL's Vice Chairman and Managing Director expresses excitement for future of EVs.