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Sona BLW Precision Forgings Ltd. (Sona Comstar), a prominent player in the global automotive technology sector, proudly announces its accomplishment of two significant production milestones. With the successful manufacturing of 400 million differential gears and 6 million differential assemblies, Sona Comstar reaffirms its position as a leader in automotive technology solutions. These milestones underscore the company’s commitment to excellence and innovation in the automotive industry.
According to estimates, Sona Comstar’s global market share of differential gears has seen a substantial increase, rising to 8.1% in 2023 from 5.0% in 2020. Furthermore, within India, the company commands a significant market share ranging from 60-90% across different vehicle categories. These figures reflect the company’s strong presence and influence in the automotive technology sector.
Sona Comstar serves as a preferred partner for leading automotive manufacturers worldwide, including seven of the top 10 passenger vehicle OEMs, three of the top 10 commercial vehicle OEMs, seven of the top 10 tractor OEMs, and four of the top 10 electric vehicle OEMs. The company’s dedication to quality and customer satisfaction has earned it the trust and confidence of its customers, driving its growth and success.
The company extends its gratitude to its customers for their faith in its products, which serves as a source of motivation for continued innovation and growth. Sona Comstar remains committed to offering cutting-edge products that enable faster adoption of greener, safer, and smarter mobility solutions both in India and globally.
Mr. V. Vikram Verma, CEO of Sona Comstar’s Driveline business, expressed pride in these milestones, attributing them to the company’s focus on technology, innovation, quality, and customer satisfaction. He commended his team for their hard work and thanked customers for their trust, highlighting the company’s engineering excellence and commitment to developing new solutions.
Sona Comstar’s journey towards these milestones began with the production of precision forged differential gears at its plant in Gurgaon, Haryana, in 1999. Over the years, the company expanded its production capabilities, marking significant milestones such as the production of 100 million gears in 2013, 200 million gears in early 2018, and 300 million gears in October 2021. The achievement of the 400 million gear milestone within two and a half years underscores the company’s robust growth trajectory.
In addition to differential gears, Sona Comstar commenced manufacturing differential assemblies at its plants in Gurgaon and Pune, marking further expansion and evolution. The company’s state-of-the-art facilities and commitment to excellence have enabled it to produce one million differential assemblies in less than nine months, reflecting its agility and efficiency in meeting market demands.
Sona Comstar specializes in designing and manufacturing differential assemblies, precision-forged differential gears, and other driveline parts catering to various vehicle segments, including Battery Electric Vehicles (BEVs), Passenger Vehicles, Commercial Vehicles, and Off-highway Vehicles. The company’s dedication to quality and innovation has solidified its reputation as one of the largest manufacturers of differential assemblies for BEVs globally.
Conclusion
Sona Comstar’s achievement of manufacturing 400 million Differential Gears and 6 million Differential Assemblies underscores its commitment to excellence, innovation, and customer satisfaction. With a strong market presence and a track record of delivering high-quality products, Sona Comstar is well-positioned to drive the automotive industry’s transition towards greener, safer, and smarter mobility solutions.
Today at 10.41 am, Shares of Sona BLW Precision Forgings Ltd surged 3% to Rs 660 from its previous closing of Rs 640.75. The stock’s 52-week high is Rs 718.55 and its 52-week low is Rs 401.1
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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