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Sona Comstar chairperson Sunjay Kapur, in an exclusive conversation for the special segment NewsX India A-List, spoke about the company, the impact of the pandemic on the automobile industry and the emergence of electric vehicles in India.
In an exclusive conversation with NewsX for our special segment NewsX India A-List, Sunjay Kapur, Chairman of Sona Comstar, has shared that he believes that most countries will see a large population with Electric vehicles by 2023.
In a conversation with BWBusinessworld, Mr. Kapur talks about Opportunities with companies shifting base from China to India, GOI's Make-in-India 2.0, and Atma Nirbhar Bharat Plans, Electric Vehicles and the Auto Components Sector.
The Indian Auto Sector has been facing multiple headwinds with BSVI migration, low demand, and COVID pandemic. Mr Sunjay Kapur, Chairman, Sona Comstar says The Future Lies In Building A Strong Manufacturing Base And Creating An Auto Component Hub In India. In a conversation with BWBusinessworld, Mr. Kapur talks about Opportunities with companies shifting base from China to India, GOI's Make-in-India 2.0, and Atma Nirbhar Bharat Plans, Electric Vehicles and the Auto Components Sector.
The unprecedented demand from the rural sector has been the key factor behind the Indian automotive sector's V-shaped recovery after it logged zero sales in April due to the lockdown restrictions in place to curb the spread of the deadly coronavirus.
The Centre’s decision to change the definition of micro, small and medium enterprises (MSMEs), and address solvency issues, will help many companies stay afloat during this current economic slowdown, said Sunjay Kapur, chairman, Sona Comstar, and vice-president, Automotive Component Manufacturers Association of India, in a Mint Pivot or Perish interview.
India’s plan to curb Chinese imports can put pressure on its auto components industry that’s already grappling with the effects of a prolonged slowdown and virus-induced shutdown.
New Delhi: Blackstone, the US private equity firm, has completed the acquisition Of a 33 per cent stake in Sunjay Kapur-led Sona BLW and is set to merge the auto parts company with Comstar Automotive Technology, its other subsidiary in India, to Offer products for conventional, hybrid and electric vehicles.
In a fresh life Of sorts, Gurgaon-based Sona Group that made a name for itself in the automotive component business by applying steering systems to Maruti Suzuki, on Friday, said it was merging itself with the Chennai-based parts maker Comstar backed by leading alternative asset management firm Blackstone to form a new entity Sona Comstar.
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.
