Sona BLW Precision Forgings achieves production milestone of 5 million differential assemblies

Sona BLW Precision Forgings (Sona Comstar) has achieved the cumulative production milestone of 5 million differential assemblies. Sona Comstar is the leading global supplier of driveline solutions for Battery Electric Vehicles (BEV), Passenger Vehicles, Commercial Vehicles and off-highway vehicles and one of the world’s largest manufacturers of differential assemblies for Battery Electric Vehicles (BEV).

The company reached the 5 million differential assemblies production milestone in less than three years, reflecting the company’s strong growth. This outstanding achievement is the result of its customers’ trust, its suppliers’ support and the efforts of its people.

The company started manufacturing differential assemblies at our Gurgaon plant in 2008, extended production to our Pune plant in 2014, and commenced production at its state-of-the-art plant in Manesar in 2019. The company crossed the production milestone of 1 million differential assemblies in 2017 and achieved the 2 million mark in 2020.

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It 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.

At the time of writing, the shares of Sona BLW Precision Forgings were trading at Rs 537.15, up by 2.55% from its previous closing of Rs 523.80 on the BSE.

Today, the stock opened at Rs 528 and has touched a high and low of Rs 540.05 and Rs 524, respectively.

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high and low of Rs 607.65 and Rs 397.35, respectively.

Last one week high and low of the scrip stood at Rs 540.05 and Rs 508.70 respectively. The current market cap of the company is Rs 31,351.93 crore.

The promoters holding in the company stood at 33%, while Institutions and Non-Institutions held 55.97% and 11.02%, respectively.