Introduction:
Leading auto ancillary firm has entered the China EV market through a joint venture with a local manufacturer, investing $12 million to produce driveline systems for both EV and non-EV automotive customers globally.
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Share price movement of Sona BLW:
On July 21, 2025, Sona BLW Precision Forgings Ltd opened at ₹488.80, up 1.88% from its previous close of ₹479.75. The stock touched a high of ₹496.30 and a low of ₹485.30. By 1:26 PM, it traded at ₹488.20, marking a 1.76% increase, with a market cap of ₹30,367.96 crore.
Sona BLW Forms JV to Enter China EV Market:
Sona BLW Precision Forgings Ltd. (Sona Comstar) has signed a binding term sheet with China’s Jinnaite Machinery Co. Ltd. (JNT) to establish a joint venture (JV) for manufacturing driveline systems and components for automotive OEMs.
As part of the JV, Sona Comstar will invest $12 million, while JNT will contribute $8 million in assets and business in the initial phase. Sona Comstar will hold a 60% equity stake. Operations are expected to begin in H2 FY26.
The JV targets the Chinese and global markets, fulfilling orders from EV and non-EV customers. China accounted for two-thirds of global EV sales in 2024, making it a strategic expansion for Sona Comstar.
Recent news on Sona BLW:
As of June 23, 2025, Sona BLW Precision Forgings Ltd appointed Jeffrey Mark Overly as Chairperson of its Board and Priya Sachdev Kapur as an Additional Non-Executive Director.
Stock performance of Sona BLW for Period of 1 week, 6 months, and 1 year:
Sona BLW Precision Forgings Ltd delivered a 6.08% return over the past week but declined by 9.71% in the past six months. The stock fell 30.8% over the past year.
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Shareholding pattern of Sona BLW:
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 28% | 28.00% | 28% |
| FII | 29.80% | 29.90% | 33.30% |
| DII | 34.60% | 34.40% | 31.20% |
| Public | 7.60% | 8% | 8% |
About Sona BLW:
Sona BLW Precision Forgings Ltd (NSE: SONACOMS), founded in 1995, is a global mobility technology leader, supplying advanced automotive systems to OEMs with operations across India, USA, Mexico, Serbia, and China.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
