Sona BLW Precision

Sona BLW Precision Forgings reported revenue of ₹1,310.4 crore for the quarter ended June 2026, a 54 per cent increase from a year earlier, in an investor presentation on Wednesday. The company also disclosed a ₹640 crore order from a North American original equipment manufacturer to supply a differential assembly for hybrid passenger vehicles, with start of production targeted for the second half of the 2029 financial year. It additionally won two traction motor programmes for electric two-wheelers worth ₹90 crore and differential gear contracts for conventional vehicles worth ₹250 crore. The electric-vehicle product revenue more than doubled to ₹435.5 crore, making up 44 per cent of automotive sales. Sona’s net order book stood at ₹240 billion, or 5.4 times FY26 revenue, and the company outlined a new growth vertical in robotics and physical artificial intelligence where it has secured initial orders aggregating ₹600 crore.

Powered by Tijori

Sona BLW Precision Forgings Limited (Sona Comstar) has signed definitive agreements with Japan's DENSO Corporation to set up two joint ventures for advanced electric and hybrid powertrain systems. The first JV, focused on four-wheelers and larger vehicles, will develop high-voltage liquid-cooled traction inverters and motors, with DENSO holding a 51% controlling stake and Sona Comstar the remaining 49%. The second JV will target two- and three-wheelers, where Sona Comstar will transfer its existing electric traction motor business to a wholly owned subsidiary and then sell a 49% stake in that entity to DENSO at an enterprise value of INR 1,750 crore, retaining 51% and management control. The transaction requires regulatory approvals and other customary closing conditions. Sona Comstar's Managing Director and Group CEO described the partnership as a historic milestone, while DENSO's executive highlighted India as an important region for electrification.

Powered by Tijori

Sona BLW Precision Forgings' board approved the transfer of its electric vehicle business—comprising air-cooled traction motors, inverters and eAxles for two- and three-wheelers—to its wholly owned subsidiary Sona Comstar eDrive Private Limited via a slump sale for ₹893.2 crore. The company simultaneously entered into a share subscription agreement with DENSO Corporation, Japan, which will acquire a 49% stake in Sona eDrive at an enterprise value of ₹1,750 crore, converting the subsidiary into a 51:49 joint venture. The board also approved a separate joint venture with DENSO for liquid-cooled traction motors and inverters targeting four-wheelers and above; Sona will hold 49% with an investment of ₹26.2 crore. The transactions are subject to regulatory and shareholder approvals and are expected to close by 31 March 2027. The board additionally reconstituted its audit committee by inducting Priya Sachdev Kapur as a member.

Powered by Tijori

June 16 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS - APPROVES 626 MILLION RUPEES CAPEX FOR ADVANCED ROBOTICS COMPONENTS MANUFACTURING

Source text: ID:nBSE6gmDjs

Further company coverage: SONB.NS

(([email protected];;))

** Shares of India's Sona BLW Precision Forgings SONB.NS down 3.75% to 584.60 rupees

** Auto parts maker posted 17% y/y rise in Q4 profit, revenue up 45.5% Y/Y

** Analysts flag margin pressure

** Nomura ("buy"; TP: 720 rupees) cites near-term margin pressure from higher commodity, labour costs

** Jefferies ("buy"; TP: 700 rupees) says margins dipped due to higher commodity costs, weaker mix

** Elara Securities ("buy"; TP: 749 rupees) cites commodity inflation for persistent margin pressure

** However, EV segment remains in the spotlight; Elara Securities says strong revenue growth driven by EV, railway segments

** Nomura says EV demand to improve due to higher oil prices

($1 = 94.9100 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Indian consumers moving towards electric and hybrid vehicles, says Nomura; sees internal combustion engine two-wheelers potentially declining from fiscal 2030 onwards

** Believes EV mix can rise sharply as more models are added in the light commercial vehicle segment and charging network expands

** Nifty auto index .NIFTYAUTO up 0.2% in afternoon trading; it has fallen 5.4% so far in 2026

** EV penetration levels have gone up by around 4% in the passenger vehicle segment in fiscal 2026

** EV penetration in scooters at 16.4%, says Nomura and forecasts it could go as high as 38% by fiscal 2030

** "Thus we maintain that the ICE scooter industry can potentially start declining post FY30F onwards and that remains a risk to watch out for," Nomura says

** Expects strong demand for Ather ATHR.NS, raises fiscal 2028 sales estimates; ups TP to 1,111 rupees from 812 rupees

** Ather up 1.6% to 910 rupees on the day

** Nomura says it prefers auto parts makers Sona BLW Precision Forgings SONB.NS and Uno Minda UNOI.NS among auto firms in its coverage

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

April 7 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• COMSTAR ESTIMATES 8.7% GLOBAL MARKET SHARE IN DIFFERENTIAL GEARS IN CY25

Source text: ID:nBSE1lk2J7

Further company coverage: SONB.NS

(([email protected];))

March 20 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• APPROVES CAPEX ALLOCATION OF 622 RUPEES MILLION FOR GEAR CAPACITY ENHANCEMENT

• PROPOSED CAPACITY ADDITION OF 4.1 MILLION GEARS

Source text: ID:nBSE41dr6k

Further company coverage: SONB.NS

(([email protected];))

** U.S. trade deal and depreciating rupee to help Indian auto parts exporters gain U.S. market share, Nomura says

** Levy on auto parts under U.S. trade framework significantly lower than earlier 25%, albeit with a quota

** In 2023, before U.S. tariffs on Indian goods, India accounted for 2% of U.S. auto parts imports, less than Mexico, Canada, China, Japan, Germany share- Nomura

** Bharat Forge BFRG.NS, Sona BLW SONB.NS, Balkrishna Industries BLKI.NS and Sansera Engineering SASE.NS to benefit most, brokerage says

* Adds, improved trade would support local demand for commercial vehicles, benefitting Ashok Leyland ASOK.NS and Tata Motors TATM.NS

** Since Feb 2, when deal was announced, Auto stocks .NIFTYAUTO up about 5%, Nifty 50 .NSEI rose 3.4%

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

Jan 23 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.51 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12 BILLION RUPEES

• DIVIDEND OF 1.60 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: SONB.NS

(([email protected];))

** Shares of Indian auto part makers rise after U.S. President Donald Trump says that they are continuing negotiations to address trade barriers with India

** Indian suppliers benefit as U.S. automakers look to source parts outside of China

** Bharat Forge BFRG.NS gains most, rising 4.2%, followed by Sansera Engineering SASE.NS which is up 3.2%

** Samvardhana Motherson SAMD.NS rises ~2%; SAMD's business in India forms just 20% of its revenue mix, while its other markets include EU, China and US

** Sona BLW Precision Forgings SONB.NS up ~1%

** YTD SONB falls the most by 25%, others fall 3%-5%

(Reporting by Urvi Dugar)

(([email protected];))

Adds charts, gives more details in paragraph 4 and paragraph 6 onwards

By Vivek Kumar M

Aug 8 (Reuters) - MSCI will add four Indian stocks, including retailer Vishal Mega Mart VSSL.NS and online delivery platform Swiggy SWIG.NS, to its flagship MSCI Global Standard index .MIEF00000PUS, setting them up for potential total inflows of $1 billion.

Hitachi Energy India HITN.NS and Waaree Energies WAAN.NS will be the other two additions to the index, while Sona BLW SONB.NS and Thermax THMX.NS will be dropped, the index provider said in a statement dated August 7.

The changes will take place as of the close of August 26, MSCI said.

Swiggy is expected to get inflows worth up to $289 million, while Vishal Mega Mart can get $258 million in passive fund flows as a result of the addition, IIFL Alternate Desk said. They added that Hitachi Energy is likely to draw $230 million of inflows, and Waaree Energies $233 million.

All the six shares were trading lower on the day in a weak market. Meanwhile, information technology company Coforge COFO.NS was down 4%, among top 3 midcap .NIFMDCP100 losers, as it failed to make it to the MSCI Global Standard index.

MSCI's indexes are used by investors globally, with about $16.9 trillion of assets under management benchmarked to their equity indexes.

The index provider will reduce Swiggy rival Eternal's ETEA.NS weight in the flagship index, leading to outflows of up to $607 million, as per IIFL Alternate Desk.

Eternal's weight was expected to be lowered amid its proposal to convert to Indian owned and controlled company (IOCC), capping foreign ownership to 49.5%.

Apart from Eternal, three other Indian stocks - Asian Paints ASPN.NS, Jindal Steel JNSP.NS and Havells India HVEL.NS will see weight cuts, while CG Power and Industrial Solutions' CGPO.NS weight will be increased.

The index provider also announced the addition of 15 Indian stocks and removal of six from its Global Smallcap index.

(Reporting by Vivek Kumar M; Editing by Ronojoy Mazumdar)

(([email protected];))

** Indian auto parts makers drop 1%-2%; Tata Motors TAMO.NS down 2%

** U.S. announces additional 25% tariff on Indian goods over its Russian oil purchases, taking total tariffs to 50%

** U.S. reliant parts makers Sona BLW SONB.NS and Bharat Forge BFRG.NS decline as much as 2% and 3%, respectively

** Other parts makers Samvardhana Motherson SAMD.NS and tyre maker Balkrishna Industries BLKI.NS down 1.6% and 0.2%, respectively

** TAMO, whose luxury unit Jaguar Land Rover gets one-fourth of sales from U.S., also falls 2%

** Autos index .NIFTYAUTO down 0.6% with 11 out of 15 constituents trading in red

** An auto dealers body also flagged anticipated wealth erosion from fresh tariffs by the U.S. which can exert pressure on discretionary spending, including on vehicles

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Updates

** MSCI likely to add India's Vishal Mega Mart VSSL.NS, Swiggy SWIG.NS, Hitachi Energy HITN.NS and Waaree Energies WAAN.NS to its standard index as part of August rejig, says Nuvama

** Believes Sona BLW SONB.NS and Thermax THMX.NS could be dropped from index

** Nuvama expects MSCI to add 12 Indian firms to its smallcap index, while removing four

** Index provider scheduled to announce quarterly index review on August 8, changes to take effect on August 26

** SWIG down 2.4% and VSSL up 2.3% on day

(Reporting by Vivek Kumar M)

(([email protected];))

July 28 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS - RANI KAPUR HAS NO ROLE IN SONA COMSTAR SINCE 2019

Source text: ID:nBSE23TBKY

Further company coverage: SONB.NS

(([email protected];))

July 25 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS - GOT EMAIL FROM RANI KAPUR REQUESTING AGM DEFERMENT

• SONA BLW PRECISION FORGINGS LTD - COMPANY CONCLUDES AGM CANNOT BE DEFERRED

• SONA BLW PRECISION FORGINGS - AGM CONDUCTED ON SCHEDULE IN COMPLIANCE

• SONA BLW PRECISION FORGINGS - CONFIRMS THAT NO DOCUMENTS HAVE BEEN SIGNED OR OBTAINED FROM RANI KAPUR

Source text: ID:nNSEbR4zxR

Further company coverage: SONB.NS

(([email protected];))

** Shares of Sona BLW Precision Forgings SONB.NS rise as much as 3.5% to 496.56 rupees, a one-month high; last up 2.3%

** Auto components maker announces strategic entry into the China electric vehicles market, establishing a joint venture with Jinnaite Machinery to build driveline systems and components for auto makers in China

** SONB says it will invest $12 million in JV

** Investec calls China entry "a step in the right direction," expects 4%–5% incremental sales

** JM Financial sees 16.7 billion rupee addressable market, maintains "buy" rating on growth prospects

** Average rating of 16 analysts tracking SONB is "buy"; median price target is 546 rupees -- data compiled by LSEG

** SONB shares down 19.3% in 2025, underperforming the 3.4% rise in mid-cap index .NIFMDCP100

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Sona BLW Precision Forgings Ltd SONB.NS jump 6.1% to 482.90 rupees, top gainer among auto stocks .NIFTYAUTO today

** Move trims the EV parts maker's stock's YTD loss to 19%, still making it the biggest loser on Nifty Auto index

** CNBC-TV18 reported on Thursday that SONB is in advanced talks with China's BYD 002594.SZ to supply EV components

** If deal goes through, SONB could set up local plant in China, report says, citing sources

** SONB told Reuters it has no developments to report, while BYD did not immediately respond to Reuters' request for comment

** Around 19.3 mln shares traded hands in stock's most active day since late October, 7.7x the 30-day avg volume

** Analysts tracking stock rate it "buy" on avg; median PT is 551.14 rupees - data compiled by LSEG

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

June 23 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS LTD - COMSTAR APPOINTS JEFFREY MARK OVERLY AS CHAIRPERSON

Source text: ID:nBSE9cgyld

Further company coverage: SONB.NS

(([email protected];))

** Shares of Sona BLW Precision Forgings SONB.NS fall 2.9% to 496 rupees, lowest in over a month

** Auto-parts maker says its chairman, Sunjay Kapur passed away on Thursday

** Co says its operations and prospects remain unchanged

** Avg rating on stock is "buy;" median PT is 551.14 rupees - data compiled by LSEG

** Stock down 14% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

April 30 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS LTD - DIVIDEND OF 1.6 RUPEES PER SHARE

• SONA BLW PRECISION FORGINGS MARCH-QUARTER CONSOL NET PROFIT 1.64 BILLION RUPEES

• SONA BLW PRECISION FORGINGS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 8.65 BILLION RUPEES

Source text: ID:nBSE8nWbM

Further company coverage: SONB.NS

(([email protected];))

Corrects to add dropped word "run" in headline

** Indian auto stocks climb 3.9% this week, set to snap 3-week losing run

** U.S. President Donald Trump said on Monday he was considering tariff exemptions for auto-related imports that drew a 25% levy

** Nifty Auto .NIFTYAUTO index dropped 5.6% over the last 3 weeks since Trump's administration announced tariff on all automobiles and auto parts imports into the country

** India's top auto parts maker Samvardhana Motherson SAMD.NS biggest weekly gainer, followed by tyre maker Balkrishna Industries' BLKI.NS 7.6% climb

** Other U.S.-reliant suppliers Bharat Forge BFRG.NS and Sona BLW SONB.NS gain 6.6% and 4.7% respectively

** Tata Motors TAMO.NS, whose luxury unit Jaguar Land Rover gets one-fourth of sales from U.S., gains 4.9%

** Most stocks on 15-member index rated "buy" on avg - data compiled by LSEG

** NIFTYAUTO trims losses since Trump announced the auto tariff plan on March 26 to 1.5%

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

April 15 (Reuters) - India's auto shares jumped 3% on Tuesday, led by gains in auto parts makers after U.S. President Donald Trump suggested he might grant exemptions on auto-related import tariffs.

Shares of India's biggest component maker by market capitalisation, Samvardhana Motherson SAMD.NS, jumped 7%, while other U.S.-reliant parts makers Bharat Forge BFRG.NS and Sona BLW SONB.NS rose over 6% each.

Tata Motors, whose luxury unit Jaguar Land Rover (JLR), gets about a quarter of its sales from the U.S., rose 5% on the day.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; Mobile: +91 9591011727;))

** Analysts at Nomura believe the pause in U.S. reciprocal tariffs and escalating trade war between the U.S. and China can benefit Indian auto ancillary companies

** This supply chain restructuring can lead to strong gains for players such as Sona BLW SONB.NS, Sansera Engineering SASE.NS, Bharat Forge BFRG.NS and Samvardhana Motherson SAMD.NS - Nomura

** The shares climb 4%, 4.8%, 1.4% and 3%, respectively

** U.S. President Donald Trump on Wednesday temporarily paused reciprocal tariffs beyond 10% on most countries except China

** However, fully built imported autos will continue to have 25% duty while auto parts will be subject to 25% duty from May 3

** Brokerage sees lower interest rates, lower income taxes, potential cuts in oil prices to limit the downside risks in the auto ancillary space

** Since Trump's announcement of tariffs on April 2, SONB has fallen 12.5%, SASE has lost 14.5%, BFRG down 15.9% and SAMD has declined 14.5%, as of Wednesday's close

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Tata Motors TAMO.NS will be disproportionately affected by 25% U.S. tariff on auto and auto parts imports, according to Investec

** Says North America (NA), accounting for 33% of TAMO's volumes, was the only growth market for Jaguar Land Rover in FY25

** Adds "hefty" 25% tariff substantial enough to dent JLR demand; operating profit likely to fall 2% CAGR over FY25-27

** Says auto components maker Sona BLW SONB.NS, earning 43% rev from NA, to be impacted even as its "limited local supply chain exposure" makes it less vulnerable

** Expects Samvardhana Motherson SAMD.NS to be least impacted

** Lowers earnings estimates for TAMO and SONB

** YTD, TAMO down 9%, SONB drops 22.5% and SAMD sheds 16%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of India's auto parts suppliers to Tesla TSLA.O drop between 4.5% and 7.6% after U.S. President Donald Trump unveiled 25% tariff on all car and auto parts imports

** Sona BLW SONB.NS, Tesla's biggest India supplier, down as much as 6.8%

** Samvardhana Motherson SAMD.NS and Bharat Forge BFRG.NS fall as much as 7.6% and 4.5%, respectively

** Tariffs on car imports are set to take effect from April 2, while those on parts from May 3

** Auto component companies have significant global exposure in the range of 30%-80% of their revenues and change in U.S. tariffs is a risk for them - J.P.Morgan

** SAMD, SONB rated "buy" on avg, BFRG rated "hold" - data compiled by LSEG

** Year-to-date, SAMD, SONB and BFRG down ~14%, ~17% and ~9%, respectively

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Feb 10 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• APPROVES AMENDMENT TO BTA WITH ESCORTS KUBOTA FOR RED ACQUISITION

• APPROVES PURCHASE OF 33,423 SQ YARDS LAND FROM ESCORTS KUBOTA

• LAND PURCHASE FOR 1.10 BILLION RUPEES IN FARIDABAD

Source text: ID:nNSE6r01y9

Further company coverage: SONB.NS

(([email protected];;))

Jan 29 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS LTD - SONA COMSTAR SIGNS MOU WITH THE EPLANE CO

• SONA BLW PRECISION FORGINGS LTD - MOU TO DEVELOP POWERTRAIN FOR EVTOLS AND DRONES

Source text: ID:nBSE9tSlc9

Further company coverage: SONB.NS

(([email protected];))

Jan 10 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SIGNS MOU WITH TIHAN-IITH

Source text: ID:nBSE5pFjJS

Further company coverage: SONB.NS

(([email protected];;))

By Aditi Shah

NEW DELHI, Dec 12 (Reuters) - Indian auto component maker Sona Comstar, supplier to companies such as Ford F.N and Stellantis STLAM.MI, is in talks with carmakers in China, Japan and South Korea as it looks to expand beyond its main markets of North America and Europe.

In an interview, Group CEO Vivek Vikram Singh said Sona Comstar SONB.NS was in "active discussions" with automakers in these regions to supply components for electric and hybrid cars, as well as internal combustion engine vehicles.

He did not identify the carmakers, but said he expected the Eastern countries to contribute more than half of company revenues in five years, compared with a 66% share now for Europe and North America, while India makes up 28%.

"Growth through market share gains alone is no longer enough," Singh told Reuters, adding that the company needed to pivot to new markets.

Although the Eastern region, including India, makes up nearly half the global car market, Sona now has a relatively small share, he said.

Light vehicle sales in North America and Europe are expected to shrink to 34 million units this year from 37 million in 2015, Singh said.

In China, by contrast, sales of EVs, plug-in hybrids and extended-range vehicles have risen 50% in 2024 on the year to account for more than half the 20 million cars sold.

As car sales in the United States and Europe stagnate and carmakers' electrification plans slow, Singh said the company was looking to invest in mobility businesses beyond automobiles as well as new technologies to grow over the next decade.

"In the last nine years, we have grown over nine times by focusing on electrification, expanding our market share in North America and Europe and introducing new products," Singh added.

"To multiply our current size ninefold again, we need new approaches."

With a market valuation of more than $4.7 billion, Sona Comstar is best known for making differential gears that enable vehicle wheels to spin at different speeds, along with starter motors for certain hybrids.

It has a net order book of $2.7 billion, close to 80% of which is made up of EV components.

In it diversification push, Sona Comstar acquired Escorts Kubota's ESCO.NS railway equipment business this year and is separately also investing in companies that make sensors and telematics.

(Reporting by Aditi Shah; Editing by Clarence Fernandez)

(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))