
Sona Comstar Partners with DENSO for EV Powertrain JVs
Sona BLW Precision Forgings Limited (Sona Comstar) has entered into definitive agreements with Japan's DENSO Corporation to form two joint ventures in India. These JVs will focus on developing, designing, manufacturing, and marketing advanced electric and hybrid powertrain systems. One JV will concentrate on high-voltage liquid-cooled systems for four-wheelers and larger vehicles, with DENSO holding 51% equity. The second JV will focus on air-cooled systems and e-Axles for two and three-wheelers, where Sona Comstar will retain 51% equity after transferring its existing business. The partnership aims to leverage DENSO's technology and Sona Comstar's manufacturing expertise to meet the growing demand for electric mobility solutions.
Key Highlights
- Sona Comstar partners with DENSO Corporation for EV powertrain systems.
- Two joint ventures to be formed in India for electric and hybrid powertrains.
- One JV for four-wheelers (DENSO 51% stake), another for two/three-wheelers (Sona Comstar 51% stake).
- Partnership aims to accelerate innovation and expand product offerings in EV components.
- Transaction is subject to regulatory approvals and closing conditions.
Price Impact
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