Kinetic Watts & Volts Gets ₹42 Crore Incentive Under Maharashtra EV Policy

Kinetic Watts & Volts Ltd. (KWV), the electric-vehicle subsidiary of Kinetic Engineering Limited, has been awarded an incentive of approximately ₹42 crore under the Government of Maharashtra’s Electric Vehicle Policy. The incentive is to be realised in a phased manner over 10 years.

The Maharashtra EV Policy provides support for EV manufacturing, including capital incentives, buyer benefits, tax exemptions, and measures to promote local component production. KWV qualified for the scheme by producing the Kinetic DX electric scooter, which is manufactured in Ahilyanagar, Maharashtra, with nearly all components sourced from India.

This entitlement aligns with Kinetic Group’s recent investments in EV manufacturing infrastructure. The company has developed production lines and component facilities in Maharashtra, aiming to localise key subsystems, improve quality control, and reduce supply-chain dependencies.

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.”

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