Global Media Coverage
The global automotive sector has shifted gears quickly in the last decade and dramatically during the covid pandemic.
The company has an order book worth Rs 20,500 crore, 68% of which comes from the electric vehicle segment.
Sona BLW's Q2 revenue, Ebitda and Ebitda margin were ahead of Bloomberg consensus estimates. High structural growth visibility and ROEs should continue to drive premium valuations, said Nomura India.
A major portion of the company’s capex will be for differential assembly, final gear and other EV transmission parts