BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Sona Comstar Ltd. is a leading supplier of driveline and electrical components for internal combustion engine, hybrid and electric vehicles globally.
The company is among the top 10 players globally in the differential bevel gear (~6% market share in H1 CY21), starter motors (~4.6% market share in H1 CY21) and electric vehicle differential assemblies market (~12.5% market share in H1 CY21).
It has a technological edge in differential gears, which drives its cost advantage and it is now enhancing capabilities in electrical business (research and development spend ~6% of revenue in FY21).
This, we believe, will continue to drive market share gains for Sona Comstar.
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