Sona BLW Precision Forgings (Sona Comstar) has formed a strategic partnership with Canada-based Enedym Inc.
Enedym Inc. develops next generation switched reluctance motors (SRMs), electric propulsion, and electrified powertrains. Enedyms patented SRM drive technology requires no permanent magnets or other rare earth metals and offers high performance, power density, and efficiency.
Under the agreement, the parties will develop SRM drive platforms for Indian road and usage conditions targeting 3-wheeler electric vehicles (10-30kW peak power), 2-wheeler high-performance motorcycles (10-20kW peak power) and 4-wheeler cargo delivery electric vehicles (20-40kW peak power).
In addition, Enedym will license its SRM technologies to Sona Comstar for manufacturing the drive motors, controllers, and drivetrains for the target applications exclusively in India. The serial production of these systems is likely to commence in 2023.
Sona Comstar is primarily engaged in designing, manufacturing, and supplying highly engineered, mission critical automotive systems and components to automotive OEMs. Sona Comstar is a leading supplier to the fast-growing global Electric Vehicle (EV) market.
Net profit of Sona Comstar rose 3.53% to Rs 86.44 crore on 0.99% rise in net sales to Rs 494.15 crore in Q3 December 2021 over Q3 December 2020.
Shares of Sona Comstar rose 1.66% to settle at Rs 633.20 on Tuesday.
Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.