Sona Comstar inaugurates new plant in Chakan, Pune.

Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, inaugurated its second-largest manufacturing plant in Chakan, Pune. The new plant manufactures driveline products for EV and non-EV applications and serves customers in India and globally.

Spread across 10 acres in Chakan, India's automobile and manufacturing hub, the plant will leverage cutting-edge technologies ensuring the highest levels of quality and precision in the manufacturing process. It will be critical in scaling up capacities to fulfil the Company's large and growing net order book of INR 238 bn. The new plant has a production capacity of nearly 11.8 million gears, which is expected to reach 20.1 million differential gears by the end of FY25. The total investment required for this plant is estimated at INR 231 crores.

As per Ricardo's data, Sona Comstar's global market share of differential gears increased to 7.2% in 2022 from 5.0% in 2020. The Company continues to dominate the Indian market for differential gears with a 60-90% market share across vehicle categories. Backed by its R&D and engineering capabilities, Sona Comstar continues to innovate and supply cutting-edge technologies and products to our discerning customers.

Mr Hemant Sikka, President of the Farm Equipment Sector and Member of The Group Eecutive Board, Mahindra & Mahindra Ltd., graced the occasion as chief guest and inaugurated the plant along with Mr Sunjay Kapur, Chairman and Mr Vivek Vikram Singh, MD & Group CEO, Sona Comstar.

At the inauguration, Mr Hemant Sikka said, "I am delighted to be a part of this momentous occasion. This is Sona Comstar's second-largest plant in India and is an environmentally sustainable industrial unit. The plant will have almost one megawatt of solar capacity and also treat 100% of its used water. Sona Comstar has a long-standing relationship with Mahindra & Mahindra, and we are pleased to see the Company's commitment to innovation, sustainability and manufacturing excellence."

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