Kinetic Watts & Volts Ltd, the electric-vehicle arm of the Kinetic Group, is entitled to receive an incentive benefit of approximately Rs 0.42 billion under the Government of Maharashtra’s Electric Vehicle Policy. The incentive will be realised in a phased manner over 10 years.

The Maharashtra EV Policy provides a comprehensive framework to position the State as a leading EV manufacturing hub. It combines capital-linked incentives, buyer benefits, tax and fee exemptions, and support for component manufacturing to strengthen adoption and domestic capabilities across the EV value chain.

The Government has awarded the incentive to Kinetic Watts & Volts, a subsidiary of Kinetic Engineering Limited, which recently entered the electric two-wheeler market with the Kinetic DX EV. The model marks the return of the iconic Kinetic DX, which redefined mobility nearly four decades ago. KWV has designed the scooter from the ground up and tooled 99 per cent of its components. Production takes place in Ahilyanagar, Maharashtra, with 99 per cent of parts sourced domestically, reinforcing its Atmanirbhar positioning and supporting its qualification under the scheme.

KWV’s entitlement under the policy complements the Group’s recent investments in advanced EV manufacturing infrastructure. Kinetic Engineering and its EV subsidiary have deployed capital to establish modern production lines and component facilities in Maharashtra, focusing on localisation of critical subsystems, enhanced quality control and reduced supply-chain dependence.

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 Rs 0.7 billion 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 features several patented first-in-segment ‘EASY’ technologies, including Easy Charge, Easy FLIP and Easy Key. It has a metal body and offers 37 litres of under-seat storage. KWV has commenced sales and service operations in Pune, Mumbai, Vadodara and Surat, with plans to expand nationally.

Investments supported by the subsidy will be deployed primarily across KWV’s manufacturing campuses in Maharashtra to expand production of the Kinetic DX EV range, battery assembly (Range-X) operations, and robotics-enabled chassis and sub-assembly lines.