Sona Comstar will make an India specific EV platform
Sona BLW Precision Forging has partnered with Comstar Automotive Technologies to jointly develop an India specific EV automotive technology platform called Sona Comstar. After investing in Sona BLW, Blackstone combined it with Comstar Automotive to form the new entity.
Using Comstar’s expertise on engineering electric motors, starter motors, BLDC motors, Alternators and other systems, Blackstone is looking to create a new auto component platform for buy-and-build in India. Sunjay Kapur, CEO, Sona BLW has been elected as Chairman of Sona Comstar and any business that is further acquired or developed under the platform.
This transaction is set to mix mechanical and electric capabilities of two globally competitive companies. Sona Comstar will offer products for hybrids, EVs and conventional powertrains. The EV specific automotive platform will be focussed on future products for the industry.