Sona Group to double turnover to Rs 10K cr by 2020, foray into railways, defence, aerospace

June 2, 2024

NEW DELHI: Auto component maker Sona Group is targeting to double its revenues to Rs 10x billion in a year by entering into related sectors like railroads, defense, aerospace, etc., in 10 sectors.

“As a group, we need to double our annual sales by 2020 and that is our target,” said Sunjay Kapur, Chairman, Sona Koyo Steering Systems.

Currently, the Sona Group is valued at around Rs 4,500-5,000 crore. Sona Koyo Steering Systems is the flagship company of the Sona Group listed on the stock exchanges. Sona BLW Precision Forgings, a private company, is a joint venture between Sonaa Holding and Mitsubishi Materials Corporation, Japan.

“For the private sector, we have ambitious growth plans. Under review-rail and defense forging projects. These companies are of different sizes, but there are many opportunities. We are definitely there,” Kapoor added.

Kapur told Sona, BLW I get a lot of inquiries from the aerospace sector because the company has a lot of business in gear forging. Given the interest and available skills, Sona will explore this area.

In addition, Sona Group plans to continue to expand its core automotive business by introducing new products to meet market demand. The development of engine technology in the domestic market continues.

Currently, 60% of the group’s sales come from overseas. In the medium term, we plan to increase investment and expand our domestic production facilities. Kaur said, “From a manufacturing point of view, India will produce more than Europe. I cannot say where the supply will be. From a manufacturing perspective, we will invest primarily in India,” said Kaur.

Sona is buying land in Gujarat to cater to automakers flying directly to the state. Sona Koyo has secured Rs 600-800 crore capital expenditure for expanding its operations in the next financial year.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-09-13

Company Size:

10000

Contact Supplier

Geely Jiyue 01 Max

LEADING IDEAL L9

Shandong Tuduoduo Digital Technology Co., Ltd

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-08-09

Company Size:

10000

Contact Supplier

Wheel excavator

chengdutuduoduo

Retailer

CN Supplier

1 YRS

Main Products:

Whole vehicle, used car

Established:

2024-08-01

Company Size:

10000

Contact Supplier

Great Wall Artillery 2.0T

Peugeot 301 1.6L

Radar RD6 Pure electricity

Nissan Qijun 2.5L

TDD (QINGDAO ) CROSS-BORDER E-COMMERCE CO.,LTD.

Retailer

CN Supplier

2 YRS

Main Products:

Auto parts、Rubber tyre、Finished car

Established:

2023-01-01

Company Size:

10000

Shandong Xingyun New energy Automobile Co., LTD

Retailer

CN Supplier

1 YRS

Main Products:

New energy vehicle sales; Auto parts research and development; Auto parts and accessories manufacturing; Off-highway recreational vehicles and spare parts manufacturing; Off-highway recreational vehicles and spare parts sales; Electric car manufacturing;

Established:

2024-03-20

Company Size:

500

Contact Supplier

Beijing Tianhao Shengshi trading Co., LTD

Retailer

CN Supplier

10 YRS

Main Products:

12/5000 Lubricating oil, import and export agent

Established: