Page 7 - Sona Comstar News Today

India’s auto component manufacturers are an overjoyed lot these days. At a total turnover of 5.6 lakh crore rupees for the last financial year, growth has been at its highest ever, at an impressive 32.8 per cent.

ACMA also claimed that traction in the domestic market also reflected on imports of component into India. Component imports grew by 10.9 percent in 2022-23 to Rs. 1.63 lakh crore (USD 20.3 billion) from Rs. 1.36 lakh crore (USD 18.3 billion) in 2021-22

A combination of good domestic, exports, and after market sales of automotive components last fiscal resulted in the industry logging a 32.8 per cent growth to Rs.5.60 lakh crore or $ 69.7 billion, said top officials of the Automotive Component ...

ACMA Auto Components Report: The auto component industrys growth in FY23 is attributed to factors like robust vehicle sales, a thriving aftermarket, and steady exports.

Sona BLW Precision Forging to invest Rs 99.7 crore to expand the Chennai plant - Automotive component maker Sona BLW Precision Forgings Ltd ((Sona Comstar) will expand its plant capacity here at an investment of about Rs 99.7...

Sona BLW reported a 47 percent YoY increase in consolidated net profit at Rs 112 crore in the June quarter. Brokerages say itll be difficult to sustain the performance in the long run due to scale disadvantage and pricing pressure

Sona BLW Precision remains a good proxy play for the global electrification trend, with a 26 per cent revenue mix from EVs and a 78 per cent mix in the order book.

Sona Comstar: The company had revenue of INR.732 crore with 24% YoY growth, revenue share from Battery Electric Vehicles (BEV) at 26%, and BEV revenue growth of 13% YoY.

Auto component maker Sona BLW Precision Forgings posted a consolidated net profit of INR 112 crore in the June quarter, a 47% rise from the April-June period last year. Its revenue from operations rose to INR 731 crore in Q1 of this fiscal year from INR 584 crore in the corresponding period last year.

Automotive component maker Sona BLW Precision Forgings Ltd ((Sona Comstar) will expand its plant capacity here at an investment of about Rs 99.7 crore.According to the company, the Chennai plant capacity will be increased to 600,000 electric ...