The Kinetic Group, a leading automotive components manufacturer, has unveiled its state-of-the-art battery manufacturing facility under the brand name Range-X in Ahmednagar. With an investment of Rs. 50 crore, the facility is set to produce 60,000 high-performance battery packs annually, catering to the growing demand for electric vehicles (EVs) in India.
The facility will manufacture both Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC) batteries, customisable for two- and three-wheeler EVs. These batteries will not only serve Kinetic Group’s needs but also be supplied to other original equipment manufacturers (OEMs).
Equipped with advanced Lithium Ion Phosphate (LFP) technology, Range-X batteries offer stable chemical composition, reducing the risk of thermal runaway and ensuring peak performance in extreme temperatures. The eco-conscious design uses non-toxic, recyclable materials, aligning with sustainability goals. Additionally, the NMC batteries boast exceptional energy density, providing longer-lasting power for diverse applications.
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Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Group, stated, “Range-X represents our commitment to India’s mobility transformation, focusing on self-reliance, safety, and sustainability.” The facility features IoT-enabled POKE-YOKE systems and automated production lines, ensuring precision and compliance with industry standards like AIS 156 and AIS 004.
The Indian EV market, projected to grow at a CAGR of 28.52% to reach US$ 18.319 billion by 2029, stands to benefit significantly from this initiative. Kinetic Group’s entry into EV battery manufacturing underscores its dedication to advancing clean energy solutions and supporting the Make in India initiative.