Sona BLW enters China EV market, forms joint venture with Jinnaite Machinery
The new JV will focus on manufacturing and supplying driveline systems and components to automotive OEMs in China and around the world. Sona Comstar, or its wholly owned subsidiary, will invest $12 million and hold a 60% stake. JNT will hold the remaining 40% by contributing assets and existing business worth $8 million.
JNT is known for its advanced foundry operations and serves a wide customer base across the automotive, aviation, marine, and railway sectors. The JV is expected to begin operations in the second half of FY25 and is a key part of Sona Comstar's strategy to expand in markets like China, India, Japan, and South Korea.
The partnership combines Sona Comstar's strength in driveline technology with JNT's expertise in casting, molding, and strong local relationships—setting the stage for long-term growth.
Vivek Vikram Singh, MD & Group CEO of Sona Comstar, stated, 'I am excited to partner with JNT to establish a driveline manufacturing plant in China. This joint venture marks a significant step in our strategy to expand into the rapidly growing Asian markets. As the largest electric vehicle market in the world and a leader in EV technologies, China offers tremendous opportunities for innovation and growth. By leveraging the strengths of both partners, this venture is well-positioned for strong growth, and it has the potential to become a key supplier of driveline solutions for electric vehicles in the region. With a robust order book already in place, we expect operations to commence later this year.'
In the meantime, Sona BLW shares closed at ₹480.05 on Friday, down from the opening price of ₹486. The stock touched a high of ₹489 and a low of ₹473.40 during the day. Investors seem cautious as the stock remains far below its 52-week high of ₹768.65, though still above the 52-week low of ₹380.
Ahmedabad Plane Crash
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
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
an hour ago
- Business Upturn
AstraZeneca Pharma shares in focus as global parent reports Q2 results
AstraZeneca Pharma shares were in focus on Tuesday after its global parent reported better-than-expected results for the second quarter of 2025, driven by strong performance in its oncology portfolio. For Q2, AstraZeneca reported revenue of $14.46 billion, ahead of the $14.12 billion estimate. Core earnings per share stood at $2.17, in line with projections, and the core operating margin remained steady at 32%. One of the key highlights was Imfinzi, a major cancer drug, which clocked $1.46 billion in revenue, surpassing expectations of $1.34 billion. The company declared an interim dividend of $1.03 per share and reiterated its full-year 2025 guidance, expecting high single-digit percentage growth in total revenue and low double-digit growth in core EPS. AstraZeneca Pharma shares traded in a narrow range on July 29, moving between ₹8,865.50 and ₹9,000.00 during the session. The stock opened at ₹8,944.50, slightly above its previous close of ₹8,937.50. Despite the subdued movement, the stock remains significantly above its 52-week low of ₹6,220.00, though still below the 52-week high of ₹10,691.00. 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. Ahmedabad Plane Crash 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
Business Upturn
an hour ago
- Business Upturn
GAIL maintains FY26 marketing guidance of Rs 4,000–4,500 crore, plans major expansion in CNG and PNG network
GAIL (India) Ltd, during its latest earnings call, reaffirmed its marketing guidance for FY26 in the range of ₹4,000 crore to ₹4,500 crore. The company also outlined significant expansion plans in both compressed natural gas (CNG) and domestic piped natural gas (PNG) segments over the next two years. GAIL aims to add 85 new CNG stations on its own in the coming 24 months. When combined with its joint ventures, the total planned addition rises to 216 new CNG stations during the same period. The company is also targeting the addition of around 2.6 lakh new domestic PNG (piped natural gas) connections, marking a significant push in expanding access to clean fuel across urban and semi-urban households. In terms of natural gas transportation, GAIL is expected to add 127 to 128 million standard cubic meters per day (mscmd) of new transmission capacity in FY26. This expansion comes as India continues to focus on cleaner energy solutions, with gas playing a central role in the energy transition roadmap. Ahmedabad Plane Crash 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
Business Upturn
2 hours ago
- Business Upturn
Tata Elxsi partners with KAVIA AI to revolutionize software development with GenAI-Powered automation
Tata Elxsi, a global leader in design and technology services, has entered into a strategic partnership with San Francisco-based KAVIA AI—a next-generation Software 3.0 platform driven by enterprise-grade AI. This collaboration is set to reshape the software development landscape by integrating generative AI (GenAI) into every stage of the Software Development Lifecycle (SDLC). KAVIA AI, known for its robust cloud-native Workflow Manager Platform, is designed to handle millions of lines of code and manage intricate backend systems. It automates the full development process, from planning and architecture to coding, testing, deployment, and ongoing maintenance. By joining forces, Tata Elxsi and KAVIA AI aim to enhance software quality, reduce development cycles, and accelerate time-to-market for businesses operating in high-reliability sectors such as transportation, media, communications, and healthcare. This GenAI-assisted automation will be embedded across Tata Elxsi's internal platforms and client-facing solutions. The initiative will deliver intelligent, domain-specific automation by combining Tata Elxsi's engineering depth with KAVIA AI's scalable, AI-first platform—enabling smarter and faster software delivery without compromising on compliance or quality. Early deployment of this collaboration is already showing promise across SaaS platforms, embedded systems, middleware, and device development. These pilot programs have demonstrated notable improvements in development speed, architectural efficiency, and software reliability. This partnership marks a significant step forward in enterprise software innovation, bringing scalable, AI-driven development solutions to mission-critical industries around the world. Ahmedabad Plane Crash 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
