Sona Comstar - A New Star On Horizon: IDBI Capital Initiates Coverage
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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:
global transition trend from internal combustion vehicles to battery electric vehicle, market to expand by five times in five years
substantial increase in content per vehicles for Sona Comstar's existing product portfolio for electric vehicle compared to IC vehicles
ramp up in cumulatively awarded 58 programs across its product line (64% of programs to commence production over the next 18 months) and
new launches in electrical motor segment.
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