Sona BLW Precision Forgings Ltd. (Sona Comstar)

Company Profile

■URL

■Address

Village Begumpur Khatola Sector 35, Post box no. 90 Gurugram 122 004 Haryana, India

Business Overview

-A leading Indian parts manufacturer of differential gears, motors, etc.

-The company established as Sona Okegawa Precision Forgings Limited in 1995. In 2013, the company was renamed as Sona BLW Precision Forgings Limited (SBPF). The company has done the acquisition of Comstar Automotive Technologies Private Ltd, then since 2019, the combined entity is called "Sona Comstar".

-SBPF designs, manufactures and supplies mission-critical automotive systems and components to automotive OEMs across US, Europe, India and China.

-The Company has 10 plants across India, USA, Mexico and China, of which six are located in India. It has four state-of-the-art R&D centers in India (Gurugram and Chennai) and 1 tool and die shop in Gurugram.

Shareholders

-Listed on Bombay Stock Exchange and National Stock Exchange of India.

(As of Mar. 31, 2024)

Category	Shareholding Ratio (%)
Aureus Investment Private Limited (formerly known as Sona Autocomp Holding Private Limited)	29.71
Mutual Funds	23.00
Foreign Protfolio Investors	32.93
Others / Public	14.36
Total	100.0

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Products

Sona BLW Precision Forgings Limited
- Inter-axle differential assemblies
- Driveline components for Transmission
- Driveline components for Axle
- Differential assemblies for automobile axles
- Bevel Gears
- E-Axle 1.0
- Mechanical Front Wheel drive
- Case differential assemblies
- Heavy-duty couplings

Sona Comstar
Driveline Division
Precision Forged Gears

Park Gears
Differential Gears
Mechanical Differential Lock Gears
Electronic Differential Lock Gears
Limited Slip Differential Gear
Differential Gears with Forged External Splines
Inter-Axle Differential Gears
Portal Axle Gears
Rotavator Gears
Cylindrical, Transmission, Spur, Sun & Planetary Gear Sets
Spiral Bevel Gears
Steering Bevel Gear Box
Robotic Gears

Forged Coupling

Engaging Sleeves
Curvic Coupling

Differential Assembly

Open Differential Assembly
Preloaded Differential Assembly
Sealed Differential Assembly
Limited Slip Differential Assembly
Final Drive Assembly

e-Drive

e-Axle
e-Transmission
Spool Gears
Epicyclic Geartrain

Electrical Division

Starter Motor
Alternator
Hub-Wheel Motor
Drive Motor
Belt Start Generator
Controller

Electric 2-Wheeler

Controller
Hub-Wheel Motor (BLDC)
Drive Motor (PMSM)

Electric 4-Wheeler

Controller
Traction Motor (PMSM)
Differential Bevel Gears
Differential Assembly
Integrated Motor Controller Module ( for Predictive Active Suspension)
Spool Gears
Epicyclic Geartrain
Electronically Locking Differential (EDL)
Input/Rotor Shaft
Intermediate Gears

Sensors and Software

In-cabin and Short range radar sensors
360° short-range radar sensors
zone monitoring sensors
hardware-in-loop (HIL) systems
ECU hardware/software platform

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History

Jan. 1985	Technical Agreement with Koyo Seiko (presently JTEKT) of Japan for Manual Steering Gear and Column.
Feb. 1986	Sona Steering enters a JV agreement with Maruti Udyog Ltd. (presently Maruti Suzuki)
Oct. 1987	Sona Steering Systems Ltd. commences production.
May 1988	Sona Steering Systems Ltd. lists through the issuance of an IPO.
Jul. 1992	Koyo Seiko (presently JTEKT) acquires a 8% stake in Sona Steering Ltd.
Aug. 1994	Sona Steering certified as an approved vendor to Koyo Seiko (presently JTEKT)
Sep. 1994	Incorporation of Mahindra Sona Ltd.
Mar. 1995	Mahindra Sona acquired the MSL Division of M&M.
Jul. 1995	Technical collaboration with Koyo Seiko for Power Steering Gear.
Dec. 1995	Joint Venture company formed with Mitsubishi Materials - Sona Okegawa. Sona Somic Lemforder Components commences production.
May 1997	Koyo Seiko (presently JTEKT) increased its stake to 20.5%.
Nov. 1997	Sona Cold Forgings commenced production.
Oct. 1998	Sona Steering changed its name to Sona Koyo Steering Systems Ltd.
Nov. 1998	Sona Okegawa commenced production of bevel gears for domestic market and exports.
Sep. 2004	Sona Koyo inaugurated 100% EOU in Chennai.
Nov. 2004	Acquired 21% stake in Fuji Autotech France S.A.S.
Jan. 2006	Sona Group started SIXT mobility business as a master franchisee for India.
Jul. 2006	Merger of Sona Somic Lemforder and Sona Cold Forging Ltd.
Nov. 2007	Formation of 4 joint ventures: 1. JTEKT - Sona Automotive India Ltd. 2. Fuji Kiko - Sona Fuji Kiko Automotive Ltd. 3. American Axle - AAM Sona Axle Pvt. Ltd. 4. Arjan Auto - Arjan Stampings Ltd.
Jan. 2008	Acquired ThyssenKrupp Prazisionsschmiede GmbH from ThyssenKrupp Technologies AG.
2011	Sold AAM Sona Axle Private Limited to American Axle & Manufacturing.
2012	Sold stake in Sona Somic Lemforder Components Limited to ZF Friedrichshafen AG. Sona Koyo Steering Systems Ltd. acquired the remaining 30.08% stake of Sona Stampings Limited (SSL) from Arjan Auto Private Limited, making SSL a wholly-owned subsidiary of the Company.
2013	Sona Koyo Steering Systems Ltd. divested its 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.
Feb. 2017	Sona Group sells its entire stake in Sona Koyo Steering Systems Limited to JTEKT Corporation
Mar. 2017	Sona Group acquires Mitsubishi Materials' entire stake in Sona BLW Precision Forgings Limited
April 2018	Name changed from Sona Koyo Steering Systems Limited to JTEKT India Limited
Aug. 2019	Joint Venture company SONA COMSTAR formed between Sona BLW Precision Forging, Blackstone and Comstar Automotive. This company to create an India centric, EV focused automotive technology platform.
Sep. 2020	Winning Group a.s. (CZ)) acquires the assets of Sona BLW Praezisionsschmiede GmbH and Sona Autocomp Germany GmbH.
Dec. 2021	Opens R&D centre for EV components in Chennai, India
Apr. 2023	Inaugurated plant in Chakan, Pune
Apr. 2024	Inaugurated new plant in Silao (Mexico)