Don't mandate localisation; incentivise it: ACMA Chairman Sunjay Kapur

ICE is not going away, and we're going to see that continue for quite some time, specifically in India, says the chairman of ACMA and Sona Comstar
13-11-2022
Bigul

Sona BLW Precision Forgings Ltd - 543300 - Disclosure Of Related Party Transactions

Pursuant to Regulation 23(9) of Listing Regulations, please find enclosed disclosure of related party transactions and balances for the half year ended on 30th September, 2022.
10-11-2022

Sona Comstar expects to ride global EV boom

Homegrown electric automotive systems and parts maker aims to double share of its global EV biz
06-11-2022

Sona Comstar to invest up to Rs 1,000 cr by FY25 on scaling up capacity

Auto components maker Sona BLW Precision Forgings Ltd (Sona Comstar) plans to invest up to Rs 1,000 crore by FY25 to scale up capacity, majorly for EV business, according to Group CFO Rohit Nanda. The company, a major supplier of systems and components for the electrified and non-electrified powertrain segment to automobile manufacturers, expects revenue from the electric vehicle (EV) segment to account for up to 45 per cent of its total revenue, up from 25 per cent currently. "Over a timeframe of FY23 plus two years -- FY24 and FY25, I will say our expected capex spend will be anywhere between Rs 900 crore to Rs 1,000 crore. A large part of this (around 75 to 80 per cent) is for the EV business," Nanda told PTI. Under the expansion plan, Sona Comstar would set up another plant at Manesar in Haryana for additional differential assembly capacity, he said adding the capacity of the existing facility has been fully utilised. The company had also moved to a new larger facility from a .
06-11-2022

Neutral SONA BLW Precision Forging; target of Rs 520: Motilal Oswal

Motilal Oswal recommended Neutral rating on SONA BLW Precision Forging with a target price of Rs 520 in its research report dated October 29, 2022.
01-11-2022
Bigul

Results Earnings Call for Q2FY23 of Sona BLW Precision Forgings

Conference Call with Sona BLW (Sona Comstar) Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
29-10-2022
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