Joint Venture - Sona BLW Precision Forgings Ltd

Code BSE: 543300 NSE:

Sona Comstar strategically enters the China EV market, establishing a JV to manufacture driveline systems and components in China China is the world’s largest EV market, accounting for 2/3rd of global EV sales. Sona Comstar to invest $12 million in the first phase, will hold 60% equity stake in the JV JV will start operations in H2 FY26 to fulfill existing orders from EV and non-EV customers Sona BLW Precision Forgings Ltd. , has signed a binding term sheet with Jinnaite Machinery Co., Ltd (JNT) to establish a joint venture (JV) company in China. The JV will manufacture and supply driveline systems and components to automotive OEMs in China and globally. Sona Comstar will invest $12 million, while JNT will contribute $8 million in assets and business to the joint venture in the first phase. The JV is expected to commence operations in the second half of the current financial year, marking a significant milestone in Sona Comstar's expansion into the Chinese EV market.