Kinetic Group expands into EV batteries with Rs 50cr manufacturing facility in Ahmednagar

India‘s transition towards electric mobility has received a significant boost with the Kinetic Group establishing a state-of-the-art battery manufacturing facility in Ahmednagar, Maharashtra. This major expansion, under the company’s Range-X brand, represents an investment of ₹50 crore and signals the group’s foray into electric vehicle batteries. With an annual production capacity of 60,000 units, the facility is positioned to cater to the growing demand for two- and three-wheeler EV batteries, not only for Kinetic Group’s vehicles but also for other original equipment manufacturers (OEMs) in India’s rapidly expanding EV market.

The move comes at a time when the electric vehicle industry in India is experiencing an unprecedented surge. With the market projected to grow at a compound annual growth rate (CAGR) of 28.52%, reaching a valuation of $18.3 billion by 2029, Kinetic Group’s strategic investment underscores its commitment to sustainable mobility solutions.

What Technologies Power Kinetic Group’s Range-X Batteries?

The newly commissioned battery manufacturing facility in Ahmednagar will produce both Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC) batteries. These high-performance battery packs are designed to meet the evolving demands of India’s electric vehicle batteries sector, offering a blend of efficiency, longevity, and safety.

The LFP batteries, known for their high thermal stability, significantly reduce the risk of thermal runaway, making them a preferred choice for two-wheeler electric vehicles that operate under varied temperature conditions. Additionally, these batteries are manufactured using non-toxic, recyclable, and ethically sourced materials, making them an environmentally responsible option.

On the other hand, NMC batteries, built on high energy density technology, provide extended power storage capabilities and a higher charge-discharge rate, making them ideal for demanding applications, such as three-wheeler EVs that require sustained performance over longer distances.

How Will Kinetic Group’s Facility Ensure Quality and Safety?

A core aspect of Kinetic Group’s battery manufacturing facility is its cutting-edge automation and adherence to stringent safety standards. The plant integrates IoT-enabled production lines, incorporating POKE-YOKE systems and stage-wise inspections that ensure precision and consistency throughout the battery manufacturing process.

Compliance with industry standards such as AIS 156 and AIS 004 further reinforces the safety and reliability of Range-X batteries. These measures align with the government’s initiatives to promote stringent safety norms within the electric vehicle batteries industry, ensuring that Kinetic Group’s investment contributes to the production of world-class battery technology.

What Role Does the Ahmednagar Facility Play in India’s EV Growth Strategy?

India’s push towards self-reliance in electric vehicle components is a key factor behind Kinetic Group’s decision to establish a battery manufacturing facility. The company has aligned its operations with the Production-Linked Incentive (PLI) scheme and the PM E-Drive initiative, which are designed to promote the localisation of advanced EV battery technologies.

By focusing on in-house battery management system (BMS) development, Kinetic Group is working towards reducing India’s dependency on imported battery technology, a critical step in strengthening domestic electric vehicle batteries manufacturing capabilities.

Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Group, highlighted that the facility represents a pioneering step towards India’s mobility transformation. He noted that Range-X batteries reflect the company’s commitment to safety, sustainability, and energy efficiency.

Why Is Kinetic Group Targeting Two- and Three-Wheeler EV Segments?

The two- and three-wheeler electric vehicle market in India has emerged as a key driver of EV adoption. With rising fuel prices and increased government incentives for electric mobility, demand for electric vehicle batteries has surged. Kinetic Group’s battery manufacturing facility is positioned to supply EV battery packs to a broad spectrum of manufacturers, catering to the growing segment of affordable and efficient electric vehicles.

The facility’s emphasis on prismatic cell development for three-wheeler EVs further highlights Kinetic Group’s focus on diversifying its battery technology offerings. These advancements are expected to benefit fleet operators and last-mile delivery services, which are increasingly shifting towards electric vehicles for cost efficiency and regulatory compliance.

What’s Next for Kinetic Group’s EV Battery Expansion?

With the commissioning of the battery manufacturing facility, Kinetic Group is poised to become a significant player in India’s electric vehicle batteries supply chain. The company’s focus on scalability, automation, and compliance with global safety standards positions it to capture a substantial share of the expanding EV battery market.

Looking ahead, Kinetic Group is expected to explore further advancements in battery technology, including solid-state batteries and higher energy density storage solutions. The company’s alignment with government incentives and sustainability initiatives ensures that it remains a key player in India’s transition towards a cleaner and more efficient mobility ecosystem.