Kinetic Motor Company

The company was incorporated on 8th February, 1984 in Madhya Pradesh.
 
 It was promoted jointly by kinetic Engineering Ltd. Pune and Honda
 Motor Co. Ltd. Japan.
 
 The company entered into a technical collaboration contract with
 Honda Motor co. Ltd., Japan who agreed to provide complete technical
 assistance to the company comprising technical documents consisting
 the know-how, information on construction of the plant for the
 manufacture and guidance in connection with procurement of
 manufacturing facilities, Honda also agreed to participate in the
 equity share capital of the company to the extent of 28.56%.  The
 Technical collaboration agreement was for 10 years from 8th August,
 1984. The company was to pay Honda,
 Technical know-how fee of Rs. 47 Lakhs and Royalty at the rate of 4%
 for a period of 7 years from the date of commercial prodcution.
 
 During 1987-88, the company entered into a technical collaboration
 agreement with Kinetic Engg. Ltd., for technical knowhow for the
 manufacture of Luna Mopeds, within the available installed capacity.
 
 2000 - Pune-based Kinetic Motoros Company Ltd has been awarded the
            `highest exporter with continuous export excellence award'
 in the
             non-SSI category, by the Engineering Exports Promotional
 Counail.
 
          - Two-wheeler majors -- Kinetic Engineering Ltd and Kinetic
 Motor
            Company Ltd, both part of the Rs 1,000-crore Kinetic Group
 have
            together appointed Madison Media, the media buying unit
 of
            Madison Communications as their Agency on Record.
 
        -  The Company will launch an upgraded version of its 98 cc
 Scooter Marvel to 
            overcome the market perception of being a single product
 company.
 
         - Kinetic group's automotive businss has been split into
 three operating divisions,
           comprising the scooter, moped and motorcycle businesses.
 
 
 2001 - The Compensation Committee of the board of directors has
 allotted
              39,100 No. of equity shares of Rs 10 each at a premium
 of Rs 20 per share
              to 19 employees exercising their `option' under
 company's ESOP.
 
 -  Kinetic on August 16 launched a 110 cc scooter and said it would
 introduce a new motorcycle range next month as part of its strategy
 to achieve a Rs 2,000 crore turnover in fiscal 2003. Called 'ZX
 Zoom', the new scooter has been priced at Rs 37,215.
 
 -2002-Kinetic Motor Company Ltd has informed BSE that Mr A M
 Shirolkar has been appointed as Director (Technical) of the company
 with effect from November 1, 2002.
 
 
 2003
 -The Board approved Voluntary Retirement Scheme (VRS) for company's
 employees working at Pithampur plant.
 
 -Kinetic Motors launched the `Campus Chill' - a new variant of
 Kinetic.
 
 2004
 
 -Kinetic bags rights to manufacture 7 Italjet models
 
 -Kinetic Motor unveils feature-rich `Zing 80' scooterette at nearly
 Rs 5,000 lesser than similar models from other competitors
 
 -Kinetic Motors has announced the launch of Kinetic Nova 135, a 135
 cc gearless scooter
 
 
 2005
 
 -Kinetic unveils Italjet range on June 7, 2005
 
 -Kinetic Motors ties up with Tata Indicom
 
 -Kinetic unveils `Kine' scooterette in Pune
 
 -Kinetic launches Italian-designed scooters.
 
 -Kinetic on November 8 launched gearless scooter, Kinetic 4S