Kinetic Motor to post profits 6-8 months post fund infusion-MD

MUMBAI, May 16 (Reuters) - Two-wheeler maker Kinetic Motor Co Ltd (KNTM.BO: Quote, Profile, Research) expects to turn profitable 6-8 months after a proposed fund infusion of 1.25 billion rupees in July, a top official said on Friday.

For the quarter ended March 31, Kinetic Motor had posted a net loss of 181 million rupees. Kinetic Engineering (KNTE.BO: Quote, Profile, Research) posted a loss of 142 million rupees for the three months to December, the latest earnings data available for the company.

"We need to complete the fund expansion project by July..we can build up the volumes of Flyte with that critical input and that will help the company turn profitable 6-8 months after the fund infusion", Managing Director Sulajja Firodia Motwani told Reuters.

"Flyte" is Kinetic Motor's 125CC engine scooter launched in association with Taiwan's Sanyang Industry Co 2206.TW.

Motwani had said in December that Kinetic Motor would be able to post profits by May this year.

(Reporting by Aniruddha Basu; Editing by Ramya Venugopal)