Sona Comstar - A New Star On Horizon: IDBI Capital Initiates Coverage

Forged gear manufactured by Sona Comstar. (Source: Company website)

Sona Comstar - A New Star On Horizon: IDBI Capital Initiates Coverage

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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.

IDBI Capital Report

Sona BLW Precision Forgings Ltd. (Sona Comstar), a new generation India based auto ancillary has two established businesses in the form of bevel gears and motors which are integral part of electric vehicle’s and hybrid vehicles.

The company is likely to be biggest beneficiary of:

  1. global transition trend from internal combustion vehicles to battery electric vehicle, market to expand by five times in five years

  2. substantial increase in content per vehicles for Sona Comstar's existing product portfolio for electric vehicle compared to IC vehicles

  3. ramp up in cumulatively awarded 58 programs across its product line (64% of programs to commence production over the next 18 months) and

  4. new launches in electrical motor segment.

Click on the attachment to read the full report:

IDBI Capital Sona Coms Initiating Coverage.pdf

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