In Short : Sona Comstar, a leading automotive component manufacturer, has reported a Q2 net profit after tax (PAT) of Rs 130 crore. In addition to its automotive endeavors, the company has also announced plans to diversify into the renewable energy sector by entering the solar power industry. This strategic move showcases Sona Comstar’s commitment […]
Sona Comstar inks licensing pact with Equipmake to produce EV components – EQ Mag
Equipmake has patented technology which offers high power density and efficiency with high performance, making it ideal for electric cars, buses, and commercial vehicles. Auto component maker Sona BLW Precision Forgings on Tuesday said it has inked a technology licensing agreement with the UK-based Equipmake for production of electric vehicle components. Equipmake has patented technology […]
MoEVing signs pact with Sona Comstar for electric mobility applications – EQ Mag Pro
MoEVing, a full-stack commercial electric mobility platform, has signed a memorandum of understanding (MOU) with Sona BLW Precision Forgings Ltd (“Sona Comstar”), an automotive technology company, for data collaboration. This collaboration will enable the companies to develop technologies and design components suitable for various commercial electric mobility applications in India. Sona Comstar and MoEVing are […]
Electric vehicles to grab market share soon; M&M, Tata Motors, Sona Comstar among top automaker – EQ Mag Pro
The EV market share is estimated to jump sharply to 10% by FY25 on account of more launches and increased capacities, according to Nomura. A potential rise in fuel prices can also accelerate the EV adoption further. Electric vehicles are expected to come charging soon and will likely grab a substantial market share from petrol […]