CNBC Awaz interaction with Mr Vivek Vikram Singh
CNBC Awaz interaction with Mr Vivek Vikram Singh
Global Media Coverage
CNBC Awaz interaction with Mr Vivek Vikram Singh
Sona BLW Precision Forgings rose 1.47% to Rs 400.20 after the company said that it has joined hands with Israel's IRP Nexus Group (IRP) to create a revolutionary magnet-less e-motor technology for the global electric vehicles market.
The companies have come together with iCreate (International Centre for Entrepreneurship and Technology) to develop, manufacture and market the new electric motor globally. As per the agreement inked between the entities, IRP will license its technology to Sona Comstar for manufacturing the system exclusively in India, expecting to start mass production in 2023.