Sona BLW (Sona Comstar) shares are in the spotlight today after the company said its Board has approved the formation of a new joint venture in China with Jinnaite Machinery Co. Ltd. (JNT). The move was finalized during the board meeting held on Sunday, July 20.
This joint venture will focus on manufacturing and supplying driveline systems and components to global automotive OEMs, with an emphasis on the Chinese market. Sona Comstar, or its wholly owned arm, will invest $12 million for a 60% stake, while JNT will bring in assets worth $8 million and hold the remaining 40%.
JNT is an established player in advanced casting and foundry work, catering to sectors like automotive, aviation, marine, and railways. The new JV is expected to start operations in the second half of FY25 and forms a crucial part of Sona Comstar’s plan to expand across China, Japan, South Korea, and India.
This partnership blends Sona’s driveline technology with JNT’s manufacturing strengths and local presence—setting the company up for long-term growth in a key global market.
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