Sona Comstar Signs MOU for Evtol and Drone Powertrains

Sona Comstar’s expertise in electric powertrains encompassing motors, inverters, and gearboxes aligns seamlessly with ePlane Co.’s vision to revolutionise air mobility. This strategic partnership will accelerate the development of cutting-edge technologies, further supporting the launch of eVTOLs (Electric Vertical Take-Off and Landing) and drones in India.

Signed MoU with Ubifly Technologies

Sona BLW Precision Forgings Ltd has recently notified the exchanges of its signing of a Memorandum of Understanding (MoU) with Ubifly Technologies Private Limited (The ePlane Co.) in Chennai. The collaboration will centre on the creation of advanced powertrains for eVTOL aircraft and drones, focusing on essential components such as gearboxes, motors, inverters, and other related systems.

With India’s Urban Air Mobility sector poised for rapid expansion, ePlane Co. is leading the charge, pioneering eVTOL applications for air ambulances, charter flights, and aerial cargo. The company’s recent type approval from the Directorate General of Civil Aviation (DGCA) further solidifies its position as an industry leader.

Statement From Sona Comstar

Mr. Vivek Vikram Singh, MD and Group CEO of Sona Comstar, expressed enthusiasm about the partnership, highlighting that it perfectly aligns with the company’s broader vision for mobility and their unwavering commitment to EPIC (Electric, Powertrain, Inverter, and Control) technologies. 

This MoU marks a pivotal step towards advancing India’s domestic air mobility capabilities and delivering “Made in India” solutions for the global market.

Sona BLW Precision Forgings Q2 FY25 Results

Sona BLW Precision Forgings Ltd. reported a strong 16% YoY growth in Profit After Tax (PAT) for Q2 FY25, reaching ₹143.57 crore, up from ₹124.06 crore in Q2 FY24. Revenue rose 17% to ₹922.18 crore, compared to ₹787.46 crore last year. 

The Battery Electric Vehicle (BEV) segment saw a 53% increase, now contributing 36% to total revenue. The company’s net order book as of September 30, 2024, stood at ₹23,100 crore. Additionally, Sona Comstar plans to acquire the Railway Equipment Division of Escorts Kubota Ltd. for ₹1,600 crore.

Share Price Performance 

On January 30, 2025, at 9:30 AM, Sona Blw Precision Forgings Ltd shares traded at ₹503.15 per share on the NSE.

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