Sona Koyo Steering Systems Ltd.
-The Company is the flagship company of the Sona Group.
-The Company is India's largest manufacturer of steering systems for passenger cars, utility vehicles, and light commercial vehicles.
-The Company has a technical and financial partnership with JTEKT Corporation in Japan. JTEKT has a 20.1% share in the Company. Other major shareholders include Sona Autocomp Holding with 25.12%, and Maruti Suzuki India with 6.94%.
-The Company's subsidiaries are listed in the table below:
|Company Name||Main Product|
|JTEKT Sona Automotive India Limited (JSAI)||Column Type Electric Power Steering (C-EPS) systems|
|Sona Fuji Kiko Automotive Ltd. (SFAL)||Steering columns|
-During the fiscal year ended March 2014, the Company merged with Sona Stampings Ltd.
-As of March 2016, the Company has an approximately 50% market share in the Indian passenger vehicle steering system segment according to its calculations.
|-Listed on Bombay Stock Exchange and National Stock Exchange of India.||(As of Mar. 31, 2016)|
|Category||Shareholding Ratio (%)|
|Foreign Institutional & Foreign Portfolio Investors||0.37|
-Rack & pinion steering systems
-Recirculation ball screw steering gears
-Tilt steering columns
-Intermediate shafts for Column-type Electric Power Steering (CEPS)
-Telescopic shafts for steering column
-Telescopic I-shafts for CEPS
-Hydraulic power steering gears
-Steering gears for CEPS systems
-Electronically Controlled Power Steering systems (ECPS)
-Steering columns for HCVs
-Telescopic I-shafts for HCVs
-Electric Power Assist Modules (EPAM)
-Intermediate shaft with vibration dampener for UV
-Front & rear axle shafts
-Rear axle assemblies
-Clutch disc assemblies
-Suspension arms and links
|Jan. 1985||Technical Collaboration Agreement with Koyo Seiko (presently JTEKT), Japan for manufacturing.|
|Feb. 1986||Entered a JV agreement with Maruti Udyog Ltd. (presently Maruti Suzuki)|
|Oct. 1987||Commenced production of manual steering gear and manual steering column.|
|May 1988||Listed through an IPO.|
|Jul. 1992||Koyo Seiko (presently JTEKT) acquired 8% stake in the Company.|
|Aug. 1994||Certified as an approved vendor to Koyo Seiko (presently JTEKT).|
|Jul. 1996||Started production of hydraulic power steering gear.|
|May 1997||Koyo Seiko (presently JTEKT) increases stake to 20.5%.|
|Dec. 1998||Established plant in Chennai|
|Oct. 1998||Sona Steering name changed to Sona Koyo Steering Systems Ltd.|
|Oct. 2003||Established Export Oriented Unit (EOU) in Chennai.|
|Oct. 2004||Acquired 21% stake in Fuji Autotech France.|
|Mar. 2006||Started production of column-type electric power steering.|
|Feb. 2007||Established plant at Dharuhera, Haryana.|
|2011||Sold AAM Sona Axle Private Limited to American Axle & Manufacturing.|
|2012||Acquired remaining 30.08% stake of Sona Stampings Limited (SSL) from Arjan Auto Private Limited, making SSL a wholly-owned subsidiary of the Company.|
|Nov. 2013||Divested entire holding of joint venture Fuji Autotech Europe S.A.S. to its joint venture partner, Fuji Kiko Europe S.A.S. for EUR 7.75 million.|