Sona BLW shares in focus after company forms JV with Jinnaite Machinery to enter Chinese EV market
This joint venture will focus on manufacturing and supplying driveline systems and components to global automotive OEMs, with an emphasis on the Chinese market. Sona Comstar, or its wholly owned arm, will invest $12 million for a 60% stake, while JNT will bring in assets worth $8 million and hold the remaining 40%.
JNT is an established player in advanced casting and foundry work, catering to sectors like automotive, aviation, marine, and railways. The new JV is expected to start operations in the second half of FY25 and forms a crucial part of Sona Comstar's plan to expand across China, Japan, South Korea, and India.
This partnership blends Sona's driveline technology with JNT's manufacturing strengths and local presence—setting the company up for long-term growth in a key global market.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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