Auto component manufacturer Sona Comstar (earlier known as Sona BLW Precision Forgings Ltd) recently said it has started operations at its new manufacturing plant in Manesar, Haryana. The facility is spread across five acres and it is expected to generate direct employment for 720 skilled workers and indirectly create thousands of more downstream jobs.
According to the company, the new facility is located at Manesar which is a preferred manufacturing destination on the Delhi Mumbai Industrial Corridor (DMIC) and provides seamless connectivity via road and rail with seaports on the western coast.
During 2019, Sona BLW acquired a leading manufacturer and designer of automobile starting and charging systems Comstar Automotive, giving its new identity, Sona Comstar. It is an Indian-origin, global automotive systems and components manufacturer with nine manufacturing and assembly plants spread across India, China, Mexico, and the United States.
The company has earmarked Rs 370 crore for the facility. Some of the investment has already been completed in the first phase, while the rest would be done over the next few years. The plant manufactures differential assemblies and e-drive modules for its global customers, furthering the vision of ‘Atmanirbhar Bharat’ and ‘Make in India for the World.’
“This facility was built with the intention to focus on manufacturing differential assemblies for our EV customers globally. We have used state-of-the-art technology and processes in this plant to meet the stringent quality requirements of our customers,” Sona Comstar Chairman Sunjay Kapur said in a statement.
The firm is into designing, manufacturing and supplying highly engineered critical automotive systems and components such as differential assemblies, differential gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors and motor control units.
Last month, the company filed papers to raise Rs 6,000 crore via an initial public offering (IPO).
It supplies components to automotive OEMs across the US, Europe, India, and China, for both electrified and non-electrified powertrain segments and is not dependent on a single product, vehicle segment, customer, or geography.
Some of its key OEM customers include a global OEM of EVs, a North American passenger vehicle and commercial vehicle maker, Ashok Leyland, Daimler, Escorts, Mahindra & Mahindra, Mahindra Electric, Maruti Suzuki, Renault Nissan, Volvo, and Volvo Eicher.
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