Sona Comstar Inaugurates New Manufacturing Plant In Mexico To Cater To Growing EV Demand In North America

(MENAFN- PR Newswire) GURUGRAM, India, April 22, 2024 /PRNewswire/ --
Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, announces the inauguration of its new manufacturing plant in the Fipasi
Industrial
Park,
Silao, Mexico. This strategic expansion underscores the company's commitment to meeting the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. As mobility undergoes a profound transformation,
Sona Comstar remains at the forefront of electrification through strategic expansions and investments in research and development, dedicatedly pioneering innovative solutions that seamlessly align with this dynamic future.

The new facility will specialize in producing differential assemblies and reduction gears meticulously designed for BEVs. Over time, it will
further diversify its product range to accommodate the evolving technological advancements in electric vehicles. As one of the largest manufacturers of differential assemblies for
BEVs worldwide, Sona Comstar recognizes the significance of North America as the largest end-market, contributing a substantial 40% to its revenue. The strategic location of the new plant in Mexico is poised to enhance the company's supply chain efficiency and responsiveness to customer demands in the region.

Mr V Vikram Verma, CEO of Driveline Business at Sona Comstar , said, "Throughout our journey, we've consistently grown by meeting our customers' evolving needs and expectations. Our relentless pursuit of innovation and adoption of cutting-edge technologies have firmly entrenched us as the premier partner for global
automakers. We aim to solidify our position as the preferred driveline solutions provider for automakers in North America by establishing our new manufacturing plant in Mexico. This expansion demonstrates our unwavering commitment to customer satisfaction and aligns with our long-term growth strategy to capitalize on the escalating EV demand."

The state-of-the-art facility in Mexico will be equipped with advanced manufacturing technologies, adhering to the highest quality and safety standards. This will significantly enhance
Sona
Comstar's production capabilities while creating numerous job opportunities and substantially contributing to the local economy. The initiative reflects the company's dedication to sustainable and environmentally responsible manufacturing practices.

About
Sona
BLW
Precision
Forgings Limited

Sona
BLW
Precision
Forgings Limited
(Sona
Comstar) is
one
of
the
world's leading
automotive
technology
companies. Sona Comstar was founded in 1995 and is headquartered in Gurugram, India. It is a global
supplier with manufacturing and assembly facilities, R&D centers and engineering capability centers across India,
the
USA,
Serbia, Mexico,
and
China.

Sona Comstar primarily designs, manufactures, and supplies highly engineered, mission-critical automotive
systems and components to automotive OEMs. Sona Comstar is a leading supplier to the fast-growing global Electric Vehicle (EV) market. The company has strong R&D, engineering and technological capabilities in precision forging, mechanical and electrical systems, mmWave radar sensors, and base and application software development. It is diversified across geographies, products, vehicle segments and customers.

Sona
Comstar
is
listed
on
BSE
Ltd
(BSE:
SONACOMS/543300) and the National Stock Exchange of India Ltd. (NSE: SONACOMS).

For
more
information
about
us,
please visit

or contact:

Sona
BLW
Precision
Forgings Ltd.
Premanjali
Singh
Group
Head
Corporate
Communications
&
PR
Email:
[email protected]

Archetype
Prerna
Rao
Email: [email protected]

DISCLAIMER:

Certain
statements
in
the
press release
may
be
forward-looking
statements.
Such
forward-looking
statements
are subject to certain risks and uncertainties like government actions, local, political or economic
developments, technological risks, and many other factors that could cause actual results to differ materially
from
those
contemplated
by the
relevant
forward-looking
statements. Sona BLW Precision Forgings Ltd. will not be responsible, in any manner for any reason whatsoever, for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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SOURCE Sona BLW Precision Forgings Limited

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