Sona Comstar is one of India's leading automotive technology companies, designing, manufacturing, and supplying highly engineered, mission-critical automotive systems and components. It deals with components like differential assemblies, differential gears, conventional and micro-hybrid starter motors, EV traction motors (BLDC and PMSM) and motor control units to automotive firms across U.S., Europe, India and China.
Its business can can be categorised into two segments:
Drive line parts—differential assembly and gears.
The company is expected to benefit from the growing shift towards electric powertrains, as it has been supplying differential gears to the global EV market since April 2016, and differential assemblies since 2018. It has nine manufacturing and assembly facilities across India, China, Mexico, and the USA, of which six are located in India.
Funds from the fresh issue will be used for
The Company will utilize fresh issue proceeds for repaying of debts and general corporate purposes.
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