Sunday 16 December 2018
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business-standard - 10 days ago

Kinetic Green, Tonino Lamborghini form JV for electric solar

City-based Kinetic group company, Kinetic Green, Thursday announced forming a joint venture with Italian luxury accessories maker Tonino Lamborghini SpA to design and manufacture premium segment electric and solar golf carts for the global market. The JV is eyeing Rs 500 crore revenue over the next four to five years, besides garnering a 2.5 per cent of the total global market pie, an official release said. Kinetic group will hold 75 per cent stake in the JV through its electric vehicle specialist company, Kinetic Green Energy and Power Solutions (KGEPSL), while the Lamborghini family will own the remaining 25 per cent through Tonino Lamborghini SpA, according to the release. Kinetic Green is keenly looking to tap the global market with high end golf carts and off-road electric vehicles along with our JV partner, the Lamborghini family, said Sulajja Firodia Motwani, founder and chief executive officer, KGEPSL. As a first step, we have set a reasonable goal to build .

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