Sona Comstar IPO: KRChoksey’s Investment Rationale
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KRChoksey Research Report
Sona BLW Precision Forgings Ltd. (Sona Comstar) is one of the leading automotive technology companies in India.
The company is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc. it is among the top 10 auto-component manufacturers.
In 2020, the company was among the top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India.
The firm supplies its products across the countries such as India, U.S., Europe, and China.
It has nine manufacturing and assembly facilities across the USA, India (six), China, and Mexico.
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