Hot Pursuit     16-Jul-21
Sona BLW announces joint development project with Israel's IRP Nexus Group
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.

Sona BLW Precision Forgings and Israel's IRP Nexus Group Ltd (IRP), a leading provider of cutting-edge electric powertrain solutions for e-mobility, have come together with iCreate (International Centre for Entrepreneurship and Technology) in a unique joint development project that will invent a new powertrain, manufacture it and market it globally.

The project entails Sona Comstar and IRP collaborating to conceive, design, prototype, and manufacture high efficiency, low-cost, magnet-less powertrain (motor + controller) for electric two- and three-wheelers for the global market.

Under the agreement, IRP will license its technology to Sona Comstar for manufacturing of the system exclusively in India, expecting to start mass production in 2023.

Sona BLW Precision Forgings (Sona Comstar) manufactures various components like differential assemblies, differential gears, conventional and micro-hybrid starter motors and has nine plants spread across India, China, Mexico, and the US.

Previous News
  Sona BLW gains after Q3 PAT jumps 24% YoY to Rs 133 cr
 ( Hot Pursuit - 24-Jan-24   15:24 )
  Sona BLW Precision Forgings Ltd gains for third straight session
 ( Hot Pursuit - 27-Oct-23   13:05 )
  Sona BLW Precision launches QIP at floor price of Rs 699.01/sh
 ( Hot Pursuit - 05-Sep-24   12:20 )
  Sona BLW Precision Forgings update on its supply orders to United States
 ( Corporate News - 18-Sep-23   09:36 )
  Sona BLW Precision Forgings consolidated net profit rises 22.27% in the September 2021 quarter
 ( Results - Announcements 27-Oct-21   17:01 )
  Sona BLW Precision Forgings consolidated net profit rises 14.48% in the March 2023 quarter
 ( Results - Announcements 03-May-23   16:56 )
  Sona BLW Precision Forgings consolidated net profit rises 4.90% in the September 2022 quarter
 ( Results - Announcements 28-Oct-22   16:57 )
  Sona BLW Precision Forgings standalone net profit declines 28.85% in the September 2021 quarter
 ( Results - Announcements 27-Oct-21   16:58 )
  Sona BLW Precision Forgings achieves production milestones
 ( Corporate News - 18-Mar-24   11:08 )
  Suzlon Energy Ltd Spikes 1.86%
 ( Hot Pursuit - 01-Nov-23   09:30 )
  Board of Sona BLW Precision Forgings to consider fund raising via equity route
 ( Corporate News - 19-Jul-24   09:12 )
Other Stories
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
  Auto stocks edge lower
  04-Oct-24   14:00
  Utilties stocks edge lower
  04-Oct-24   14:00
  HDFC Bank Ltd down for fifth straight session
  04-Oct-24   13:35
  Power Grid Corporation of India Ltd down for fifth straight session
  04-Oct-24   13:35
Back Top