Kinetic-Italjet to bring out seven two-wheeler models

By siliconindia staff writer   |   Friday, 21 May 2004, 07:00 Hrs
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CHENNAI: Kinetic Motor Company, the country's pioneer in modern gearless scooters, proposes to bring out seven new models of two-wheelers in a tie-up with Italian scooter manufacturer 'Italjet'.

In the first stage, three new models will be introduced in September this year, Kinetic Motors joint managing director Sulajja Firodia Motwani told reporters.

The company had a capacity of three lakh two wheelers, but was manufacturing only up to two lakh vehicles, she said.

"Annually we are investing Rs 25 crore for new models and variants," she said, adding the company had sold 35,000, 48,000 and 54,000 motorcycles in the last three years.

"We are growing steadily. We have to be patient to build the market," she said when asked if the company was happy with its performance.

On the cruise motorcycle Aquila 250, she said being an exclusive vehicle, the company had manufactured it only in small numbers and had sold 300, including 20 in Chennai.

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