Finance
Kinetic Luna, a 50-year-old moped, is making a comeback. This time, the two-wheeler will be powered entirely by electricity. Kinetic Engineering Ltd. (KEL), the Kinetic Luna electric’s manufacturer, announced that production of the chassis and other Kinetic Luna electric assemblies has already begun. According to the company, this zero-emission vehicle will be available soon. Furthermore, Kinetic Green Energy & Power Solutions will sell the all-new Kinetic Luna, according to the manufacturer.
According to KEL, the company is developing all of the Luna’s major subassemblies, including the main chassis, main stand, side stand, and swing arm. According to the company, this vehicle will be built on a dedicated production line in Ahmednagar.
In fact, the manufacturer claims that the production line will have an initial manufacturing capacity of 5,000 units per month.
The auto manufacturer claims that at its peak, internal combustion engine-powered Luna sold more than 2,000 units per day. KEL’s Managing Director Ajinkya Firodia thinks that the electric scooter will perform very well, just like its ICE-powered version. “We expect this business to add over ₹30 crore annually over the next two-three years as the volumes of the E-Luna increase, This will also help KEL to boost its presence in the EV segment,” says Firodia.
According to the KEL’s regulatory filing, the E-Luna intends to tick all the boxes with its offerings, citing India’s growing electric vehicle market and a preference for load-carrying scooters. Following its release, this electric vehicle will target the commuter segment in lower-tier markets as well as the load carrier category as an all-electric last mile mobility medium. However, KEL has not revealed any information about the upcoming E-pricing, Luna’s battery pack, or speculations.
Source:M
