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Created: 2025-07-20 10:10:18 UTC
Sona BLW Precision Forgings Ltd. (Sona Comstar) announced a joint venture (JV) in China with Jinnaite Machinery Co., Ltd (JNT) to manufacture driveline systems and components. Sona Comstar will invest $XX million, holding a XX% stake. 🚗
𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: ▪ The JV will begin operations in the second half of FY26. ▪ The JV aims to fulfill existing orders from EV and non-EV customers. ▪ China is the world's largest EV market, accounting for two-thirds of global EV sales. ▪ Sona Comstar is the largest supplier of differential assemblies for BEVs in North America. ▪ JNT operates a world-class foundry and holds numerous patents.
𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗗𝗲𝘁𝗮𝗶𝗹𝘀: ▪ Sona Comstar will invest $XX million in the first phase. ▪ JNT will contribute $X million in assets and business.
𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗥𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗲: ▪ Expanding into the rapidly growing Asian markets. ▪ Leveraging Sona Comstar's expertise in driveline systems and JNT's proficiency in casting and molding.
𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝗮𝗿𝘆: ▪ Mr. Vivek Vikram Singh (MD & Group CEO) expressed excitement about the partnership and the potential for strong growth in the Chinese EV market. 🗣️
📊 SONA BLW PRECISION FORGINGS LTD | 🏷️ Press Release / Media Release
🌐 Details:
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