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Systematix Research Report
Sona BLW Precision Forgings Ltd. is a direct play on the rising contribution of electric vehicles globally with electric vehicles contributing to 25% of its FY22 revenues (up 2.5 times YoY).
Sona BLW enjoys a market share of 13% in global EV differential assemblies, and 20% in domestic traction motors.
The company has further fortified its position in traction motors and controllers through multiple technology collaborations (IRP Systems, Enedym and C-Motive Tech).
It now has a product offering (under mass production and / or prototype under testing) across vehicle segments, ranging from mass-market and premium two-wheelers, three-wheelers (both level three and level five category), light commercial vehicles to BSG motor for hybrid EVs.
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