Amidst speculations of diluting stake to Mahindra and Mahindra, Kinetic Motors on Wednesday said it was looking to mop up Rs 100-125 crore in the next three months for expansion.

"We plan to raise anything between Rs 100-125 crore within the next three months," Kinetic Motors' Managing Director Sulajja Firodia Motwani told reporters, 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. (ET)