Kinetic to raise Rs 125 cr for expansion

"We plan to raise anything between Rs 100-125 crore within the next three months," Kinetic Motors' Managing Director Sulajja Firodia Motwani said, declining to comment on reports of possible stake sale to M&M.

The fund would be deployed for capacity expansion as well as for introducing new products. "We are yet to decide the means of raising funds," she said.