Kinetic Group Sets Up EV Battery Manufacturing Plant In Ahmednagar, Targets 60,000 Units Annually

Kinetic Group's advanced battery manufacturing plant in Ahmednagar, Maharashtra is now operational. Kinetic Group invested Rs 50 crore in the development of this facility with the aim to manufacture lithium-ion batteries for electric two- and three-wheelers.

The Ahmednagar plant has an annual production capacity of 60,000 battery packs. It will manufacture two types of lithium-ion batteries—Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC). The company plans to supply these batteries to multiple OEMs beyond its own brand. The facility is also working on prismatic cells for three-wheelers.

The facility is equipped with an automated production line integrated with IoT-enabled systems for quality control. It follows safety and performance regulations, including AIS 156 and AIS 004 standards. The company is also working on the localisation of Battery Management Systems (BMS) under India’s Production-Linked Incentive (PLI) scheme.

India’s electric vehicle market is projected to grow at a CAGR of 28.52%, reaching $18.3 billion by 2029. The demand for EV batteries is expected to rise, and the new facility positions Kinetic Group to meet the growing requirements of the sector.

Ajinkya Firodia, Vice Chairman and Managing Director, Kinetic Group, said, “Range-X is a result of pioneering work in batteries and a significant step towards India’s mobility transformation. The Ahmednagar facility represents our dedication to self-reliance, safety and sustainability in battery technology. By integrating cutting-edge automation and smart technology, the facility ensures reliable, efficient and clean energy solutions.”