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Sona Comstar IPO description – Sona BLW Precision Forgings (Sona Comstar) is a leading automotive technology company in India, specializing in design, production and supply of highly engineered, mission critical automotive systems and components. These include differential assemblies, differential gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors (BLDC and PMSM) and motor control units. The company is a supplier to automotive OEMs across US, Europe, India and China, for both electrified and non-electrified powertrain segments.

The company has nine manufacturing and assembly facilities across India, China, Mexico and USA, of which six are located in India, from where it supplies products to six out of the top 10 global PV OEMs, three out of the top 10 global CV OEMs and seven out of the top eight global tractor OEMs by volume. Sona BLW Precision Forgings is a global supplier and derived 75.4% of its income from sale of goods with end-use in the overseas markets, including 40.2% in North America, 25.3% in Europe and 5.3% in China and 24.6% of its income was derived from sale of goods with end-use in India, for the nine months ended 31 December 2020. It is also one of the two largest exporters of starter motors from India.

Promoters of Sona BLW Precision Forgings – Sunjay Kapur, Sona Autocomp Holding Private Limited and Singapore VII Topco III Pte Ltd