Tag Archives: Sona Comstar

Auto expansion: Sona Comstar forms $20 million joint venture with Jinnaite to enter China; move aims to tap booming EV market – Times of India

July 20, 2025 0

Auto expansion: Sona Comstar forms million joint venture with Jinnaite to enter China; move aims to tap booming EV market – Times of India

Auto parts maker Sona BLW Precision Forgings Ltd (Sona Comstar) has entered into a joint venture with China-based Jinnaite Machinery Co Ltd (JNT) to make a strategic foray into the Chinese electric vehicle (EV) market. As per news agency PTI, the combined investment in the joint venture is pegged at $20 million (around Rs 167 crore), with Sona Comstar contributing …

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Countering China: India eyes Rs 1,345 crore scheme on rare earth magnets; Indian companies express interest – Times of India

July 11, 2025 0

Countering China: India eyes Rs 1,345 crore scheme on rare earth magnets; Indian companies express interest – Times of India

The Ministry of Heavy Industries Secretary, Kamran Rizvi, confirmed that the draft scheme for processing rare earth magnets has been distributed. (AI image) Amidst ongoing supply choke for rare earths from China, India has announced its plans to develop rare earth magnets domestically. The government has allocated Rs 1,345 crore towards establishing domestic production capabilities for rare earth magnets, Heavy …

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