Sona BLW Precision Forgings Ltd Share Price – NSE  / BSE

Auto Ancillaries, Small Cap

The agreement will enable Sona Comstar and TIHAN-IITH to cooperate, synergise strengths and support each other in the areas of connected, autonomous and electric technologies for AGVs, drones, and EVTOLs.

Sona Comstar said, “This collaboration marks a significant milestone in advancing groundbreaking research and development (R&D) in autonomous vehicle technologies. With TiHAN-IITH's expertise in autonomous navigation and Sona Comstar's leadership in mobility technology and world-class manufacturing, this partnership will enhance innovation and facilitate a faster transition to future mobility applications.”

Vivek Vikram Singh, MD and group CEO of Sona Comstar, said, “We are delighted to collaborate with TiHAN-IITH to develop advanced technologies for AGVs, drones, and EVTOLs. The partnership aligns with our vision statement as we expand into the broader mobility sector and is consistent with our view that the future of mobility will be EPIC.”

Sona BLW Precision Forgings is one of the world's leading automotive technology companies. The company has emerged as a global supplier with nine manufacturing and assembly facilities across India, USA, Mexico and China. It is primarily engaged in designing, manufacturing and supplying highly engineered, mission-critical automotive systems and components to automotive OEMs.

The company’s consolidated net profit increased 16.2% to Rs 143.95 on 17.1% rise in revenue from operations to Rs 922.19 crore in Q2 FY25 over Q2 FY24.

The scrip added 0.57% to currently trade at Rs 569 on the BSE.

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Sona BLW Precision Forgings (Sona Comstar) has signed a memorandum of understanding (MoU) with NMICPS Technology Innovation Hub on Autonomous Navigation Foundation at IIT Hyderabad (TIHAN-IITH) at CES 2025 in Las Vegas, USA. The MoU will enable Sona Comstar and TIHAN-IITH to cooperate, synergise strengths and support each other in the areas of Connected, Autonomous and Electric technologies for AGVs, Drones and EVTOLs.

This collaboration marks a significant milestone in advancing groundbreaking research and development (R&D) in autonomous vehicle technologies. With TiHAN-IITH's expertise in autonomous navigation and Sona Comstar's leadership in mobility technology and world-class manufacturing, this partnership will enhance innovation and facilitate a faster transition to future mobility applications.

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Sona BLW Precision Forgings will hold a meeting of the Board of Directors of the Company on 23 January 2025.

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Sona BLW Precision Forgings has received a request from M/s. Singapore VII Topco III and M/s. BCP Topco I (Promoter/Promoter Group) to reclassify them as “Public” Category.

The request for reclassification will be considered by the Board of Directors of the Company in their next board meeting.

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