Sona Group lines up Rs 400 crore investment_Sona Group lines up Rs 400 crore investment

Sona Group lines up Rs 400 crore investment

May 21, 2024

NEW DELHI: Auto component maker Sona Group plans to invest Rs 300 crore and Rs 40 in the next four years in order to expand its operations in the country.

The Gurgaon-based company plans to expand its forging and electric shaft business besides developing new products. It also plans to increase its supply to the US market.

Sona Group Sunjay J Kapur told PTI: “We plan to invest Rs 300-400-400-400-400 crore in the next four years, most of it in India.”

Most of the investment will be utilized for expansion of forging business, bridge business and drive train business, he added.

“Currently, we account for 19 to 20 percent of the global forging business,” Kapoor said while detailing future plans for the group’s business. Our goal is to continue to expand to 30 percent.”

“The company aims to introduce new products,” he added.

Says Kapoor, “We want to see what else we can do in the drivetrain space, not just make gears, and we will grow our electric shaft business.” We are expanding our motorized shaft business to accommodate this trend.

Says Kapoor, “We already supply shafts to a number of U.S. electric vehicle manufacturers and to Porsche Electric in Germany, so we’re capitalizing on that trend.” ‘

He added that the group is also looking to expand its presence in the US.

“We will produce about 30% in India When the product is exported to the US market, we want to expand further,” Kapoor said.

The group was established in 1987 2000 and now has about 16 years of plants in India, Germany and the US. We supply components for a wide range of products, including steering and driveline systems for passenger cars, utility vehicles, commercial vehicles and specialty vehicles.

This 8 Currently, the majority of the revenue of the USD 100 million group comes from its German operations.

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