Sona BLW Precision

June 16 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS - APPROVES 626 MILLION RUPEES CAPEX FOR ADVANCED ROBOTICS COMPONENTS MANUFACTURING

Source text: ID:nBSE6gmDjs

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** Shares of India's Sona BLW Precision Forgings SONB.NS down 3.75% to 584.60 rupees

** Auto parts maker posted 17% y/y rise in Q4 profit, revenue up 45.5% Y/Y

** Analysts flag margin pressure

** Nomura ("buy"; TP: 720 rupees) cites near-term margin pressure from higher commodity, labour costs

** Jefferies ("buy"; TP: 700 rupees) says margins dipped due to higher commodity costs, weaker mix

** Elara Securities ("buy"; TP: 749 rupees) cites commodity inflation for persistent margin pressure

** However, EV segment remains in the spotlight; Elara Securities says strong revenue growth driven by EV, railway segments

** Nomura says EV demand to improve due to higher oil prices

($1 = 94.9100 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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** Indian consumers moving towards electric and hybrid vehicles, says Nomura; sees internal combustion engine two-wheelers potentially declining from fiscal 2030 onwards

** Believes EV mix can rise sharply as more models are added in the light commercial vehicle segment and charging network expands

** Nifty auto index .NIFTYAUTO up 0.2% in afternoon trading; it has fallen 5.4% so far in 2026

** EV penetration levels have gone up by around 4% in the passenger vehicle segment in fiscal 2026

** EV penetration in scooters at 16.4%, says Nomura and forecasts it could go as high as 38% by fiscal 2030

** "Thus we maintain that the ICE scooter industry can potentially start declining post FY30F onwards and that remains a risk to watch out for," Nomura says

** Expects strong demand for Ather ATHR.NS, raises fiscal 2028 sales estimates; ups TP to 1,111 rupees from 812 rupees

** Ather up 1.6% to 910 rupees on the day

** Nomura says it prefers auto parts makers Sona BLW Precision Forgings SONB.NS and Uno Minda UNOI.NS among auto firms in its coverage

(Reporting by Abhinav Parmar in Bengaluru)

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April 7 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• COMSTAR ESTIMATES 8.7% GLOBAL MARKET SHARE IN DIFFERENTIAL GEARS IN CY25

Source text: ID:nBSE1lk2J7

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March 20 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• APPROVES CAPEX ALLOCATION OF 622 RUPEES MILLION FOR GEAR CAPACITY ENHANCEMENT

• PROPOSED CAPACITY ADDITION OF 4.1 MILLION GEARS

Source text: ID:nBSE41dr6k

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** U.S. trade deal and depreciating rupee to help Indian auto parts exporters gain U.S. market share, Nomura says

** Levy on auto parts under U.S. trade framework significantly lower than earlier 25%, albeit with a quota

** In 2023, before U.S. tariffs on Indian goods, India accounted for 2% of U.S. auto parts imports, less than Mexico, Canada, China, Japan, Germany share- Nomura

** Bharat Forge BFRG.NS, Sona BLW SONB.NS, Balkrishna Industries BLKI.NS and Sansera Engineering SASE.NS to benefit most, brokerage says

* Adds, improved trade would support local demand for commercial vehicles, benefitting Ashok Leyland ASOK.NS and Tata Motors TATM.NS

** Since Feb 2, when deal was announced, Auto stocks .NIFTYAUTO up about 5%, Nifty 50 .NSEI rose 3.4%

(Reporting by Nandan Mandayam in Bengaluru)

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Jan 23 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.51 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12 BILLION RUPEES

• DIVIDEND OF 1.60 RUPEES PER SHARE

Source text: [ID:]

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** Shares of Indian auto part makers rise after U.S. President Donald Trump says that they are continuing negotiations to address trade barriers with India

** Indian suppliers benefit as U.S. automakers look to source parts outside of China

** Bharat Forge BFRG.NS gains most, rising 4.2%, followed by Sansera Engineering SASE.NS which is up 3.2%

** Samvardhana Motherson SAMD.NS rises ~2%; SAMD's business in India forms just 20% of its revenue mix, while its other markets include EU, China and US

** Sona BLW Precision Forgings SONB.NS up ~1%

** YTD SONB falls the most by 25%, others fall 3%-5%

(Reporting by Urvi Dugar)

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Aug 8 (Reuters) - MSCI will add four Indian stocks, including retailer Vishal Mega Mart VSSL.NS and online delivery platform Swiggy SWIG.NS, to its flagship MSCI Global Standard index .MIEF00000PUS, setting them up for potential total inflows of $1 billion.

Hitachi Energy India HITN.NS and Waaree Energies WAAN.NS will be the other two additions to the index, while Sona BLW SONB.NS and Thermax THMX.NS will be dropped, the index provider said in a statement dated August 7.

The changes will take place as of the close of August 26, MSCI said.

Swiggy is expected to get inflows worth up to $289 million, while Vishal Mega Mart can get $258 million in passive fund flows as a result of the addition, IIFL Alternate Desk said. They added that Hitachi Energy is likely to draw $230 million of inflows, and Waaree Energies $233 million.

MSCI's indexes are used by investors globally, with about $16.9 trillion of assets under management benchmarked to their equity indexes.

The index provider also announced the addition of 15 Indian stocks and removal of six from its Global Smallcap index.

(Reporting by Vivek Kumar M; Editing by Ronojoy Mazumdar)

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** Indian auto parts makers drop 1%-2%; Tata Motors TAMO.NS down 2%

** U.S. announces additional 25% tariff on Indian goods over its Russian oil purchases, taking total tariffs to 50%

** U.S. reliant parts makers Sona BLW SONB.NS and Bharat Forge BFRG.NS decline as much as 2% and 3%, respectively

** Other parts makers Samvardhana Motherson SAMD.NS and tyre maker Balkrishna Industries BLKI.NS down 1.6% and 0.2%, respectively

** TAMO, whose luxury unit Jaguar Land Rover gets one-fourth of sales from U.S., also falls 2%

** Autos index .NIFTYAUTO down 0.6% with 11 out of 15 constituents trading in red

** An auto dealers body also flagged anticipated wealth erosion from fresh tariffs by the U.S. which can exert pressure on discretionary spending, including on vehicles

(Reporting by Kashish Tandon in Bengaluru)

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Updates

** MSCI likely to add India's Vishal Mega Mart VSSL.NS, Swiggy SWIG.NS, Hitachi Energy HITN.NS and Waaree Energies WAAN.NS to its standard index as part of August rejig, says Nuvama

** Believes Sona BLW SONB.NS and Thermax THMX.NS could be dropped from index

** Nuvama expects MSCI to add 12 Indian firms to its smallcap index, while removing four

** Index provider scheduled to announce quarterly index review on August 8, changes to take effect on August 26

** SWIG down 2.4% and VSSL up 2.3% on day

(Reporting by Vivek Kumar M)

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July 28 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS - RANI KAPUR HAS NO ROLE IN SONA COMSTAR SINCE 2019

Source text: ID:nBSE23TBKY

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July 25 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS - GOT EMAIL FROM RANI KAPUR REQUESTING AGM DEFERMENT

• SONA BLW PRECISION FORGINGS LTD - COMPANY CONCLUDES AGM CANNOT BE DEFERRED

• SONA BLW PRECISION FORGINGS - AGM CONDUCTED ON SCHEDULE IN COMPLIANCE

• SONA BLW PRECISION FORGINGS - CONFIRMS THAT NO DOCUMENTS HAVE BEEN SIGNED OR OBTAINED FROM RANI KAPUR

Source text: ID:nNSEbR4zxR

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** Shares of Sona BLW Precision Forgings SONB.NS rise as much as 3.5% to 496.56 rupees, a one-month high; last up 2.3%

** Auto components maker announces strategic entry into the China electric vehicles market, establishing a joint venture with Jinnaite Machinery to build driveline systems and components for auto makers in China

** SONB says it will invest $12 million in JV

** Investec calls China entry "a step in the right direction," expects 4%–5% incremental sales

** JM Financial sees 16.7 billion rupee addressable market, maintains "buy" rating on growth prospects

** Average rating of 16 analysts tracking SONB is "buy"; median price target is 546 rupees -- data compiled by LSEG

** SONB shares down 19.3% in 2025, underperforming the 3.4% rise in mid-cap index .NIFMDCP100

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Sona BLW Precision Forgings Ltd SONB.NS jump 6.1% to 482.90 rupees, top gainer among auto stocks .NIFTYAUTO today

** Move trims the EV parts maker's stock's YTD loss to 19%, still making it the biggest loser on Nifty Auto index

** CNBC-TV18 reported on Thursday that SONB is in advanced talks with China's BYD 002594.SZ to supply EV components

** If deal goes through, SONB could set up local plant in China, report says, citing sources

** SONB told Reuters it has no developments to report, while BYD did not immediately respond to Reuters' request for comment

** Around 19.3 mln shares traded hands in stock's most active day since late October, 7.7x the 30-day avg volume

** Analysts tracking stock rate it "buy" on avg; median PT is 551.14 rupees - data compiled by LSEG

(Reporting by Nandan Mandayam in Bengaluru)

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June 23 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS LTD - COMSTAR APPOINTS JEFFREY MARK OVERLY AS CHAIRPERSON

Source text: ID:nBSE9cgyld

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** Shares of Sona BLW Precision Forgings SONB.NS fall 2.9% to 496 rupees, lowest in over a month

** Auto-parts maker says its chairman, Sunjay Kapur passed away on Thursday

** Co says its operations and prospects remain unchanged

** Avg rating on stock is "buy;" median PT is 551.14 rupees - data compiled by LSEG

** Stock down 14% YTD

(Reporting by Aleef Jahan in Bengaluru)

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April 30 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS LTD - DIVIDEND OF 1.6 RUPEES PER SHARE

• SONA BLW PRECISION FORGINGS MARCH-QUARTER CONSOL NET PROFIT 1.64 BILLION RUPEES

• SONA BLW PRECISION FORGINGS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 8.65 BILLION RUPEES

Source text: ID:nBSE8nWbM

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Corrects to add dropped word "run" in headline

** Indian auto stocks climb 3.9% this week, set to snap 3-week losing run

** U.S. President Donald Trump said on Monday he was considering tariff exemptions for auto-related imports that drew a 25% levy

** Nifty Auto .NIFTYAUTO index dropped 5.6% over the last 3 weeks since Trump's administration announced tariff on all automobiles and auto parts imports into the country

** India's top auto parts maker Samvardhana Motherson SAMD.NS biggest weekly gainer, followed by tyre maker Balkrishna Industries' BLKI.NS 7.6% climb

** Other U.S.-reliant suppliers Bharat Forge BFRG.NS and Sona BLW SONB.NS gain 6.6% and 4.7% respectively

** Tata Motors TAMO.NS, whose luxury unit Jaguar Land Rover gets one-fourth of sales from U.S., gains 4.9%

** Most stocks on 15-member index rated "buy" on avg - data compiled by LSEG

** NIFTYAUTO trims losses since Trump announced the auto tariff plan on March 26 to 1.5%

(Reporting by Nandan Mandayam in Bengaluru)

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Adds details, background from paragraph 4

April 15 (Reuters) - India's auto shares jumped more than 3% on Tuesday and were set for their best day since early January, after U.S. President Donald Trump suggested he might grant exemptions on auto-related import tariffs.

Speaking on Monday at the White House, Trump said he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other places. Those tariffs could raise the costs of a car by thousands of dollars, and Trump said car companies "need a little bit of time because they're going to make 'em here."

Shares of auto parts makers rose the most on the auto index .NIFTYAUTO, which was last up 3.3%.

Samvardhana Motherson SAMD.NS, India's biggest component maker by market capitalisation, jumped 7.7%, while Bharat Forge BFRG.NS and Sona BLW SONB.NS rose around 6% and 7.3%, respectively.

Tata Motors, whose luxury unit Jaguar Land Rover (JLR) gets about a quarter of its sales from the U.S., rose 5%. It was the second-biggest winner on the auto index and among the biggest winners on the blue-chip Nifty 50 .NSEI, which was up over 2%.

The 15-member auto index, which had fallen nearly 11% since Trump announced his auto tariffs on March 26, has since narrowed the decline to 2.5%.

U.S.-reliant auto stocks pared their losses to between 6% and 12%, with Samvardhana posting the smallest loss and Tata Motors recording the steepest drop.

Trump's latest comments came days after he said he would pause "reciprocal" tariffs imposed on dozens of countries for 90 days.

Nomura said in a note on Friday they expect Indian suppliers to benefit from the pause on tariffs, as U.S. automakers look to source parts outside of China amid tit-for-tat tariffs between Washington and Beijing.

Ten of the 15 Nifty auto stocks are rated "buy" on average, with the rest rated "hold", according to data compiled by LSEG.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala and Varun H K)

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** Analysts at Nomura believe the pause in U.S. reciprocal tariffs and escalating trade war between the U.S. and China can benefit Indian auto ancillary companies

** This supply chain restructuring can lead to strong gains for players such as Sona BLW SONB.NS, Sansera Engineering SASE.NS, Bharat Forge BFRG.NS and Samvardhana Motherson SAMD.NS - Nomura

** The shares climb 4%, 4.8%, 1.4% and 3%, respectively

** U.S. President Donald Trump on Wednesday temporarily paused reciprocal tariffs beyond 10% on most countries except China

** However, fully built imported autos will continue to have 25% duty while auto parts will be subject to 25% duty from May 3

** Brokerage sees lower interest rates, lower income taxes, potential cuts in oil prices to limit the downside risks in the auto ancillary space

** Since Trump's announcement of tariffs on April 2, SONB has fallen 12.5%, SASE has lost 14.5%, BFRG down 15.9% and SAMD has declined 14.5%, as of Wednesday's close

(Reporting by Ashish Chandra in Bengaluru)

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** Tata Motors TAMO.NS will be disproportionately affected by 25% U.S. tariff on auto and auto parts imports, according to Investec

** Says North America (NA), accounting for 33% of TAMO's volumes, was the only growth market for Jaguar Land Rover in FY25

** Adds "hefty" 25% tariff substantial enough to dent JLR demand; operating profit likely to fall 2% CAGR over FY25-27

** Says auto components maker Sona BLW SONB.NS, earning 43% rev from NA, to be impacted even as its "limited local supply chain exposure" makes it less vulnerable

** Expects Samvardhana Motherson SAMD.NS to be least impacted

** Lowers earnings estimates for TAMO and SONB

** YTD, TAMO down 9%, SONB drops 22.5% and SAMD sheds 16%

(Reporting by Bharath Rajeswaran in Bengaluru)

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Rewrites throughout to include Indian auto parts makers, global peers' share moves

March 27 (Reuters) - India's Tata Motors TAMO.NS and the country's auto parts makers that supply Tesla TSLA.O, among others, dropped on Thursday after U.S. President Donald Trump announced plans for 25% tariffs on all imported cars and auto parts.

Tata Motors slid 5%, while Tesla's biggest Indian supplier, Sona Comstar SONB.NS, dropped over 4%, leading to a 1.2% drop in the auto sector .NIFTYAUTO in the world's third-largest auto market.

The 25% tariffs on cars and light trucks imported into the U.S. will start on April 2, while tariffs on auto parts will take effect from May 3. The news rocked the auto sector globally, with Tesla CEO Elon Musk saying the impact on the EV maker is "significant."

The U.S. is a top destination for Tata Motors-owned Jaguar Land Rover's (JLR) luxury cars, which are imported from plants in the UK and Slovakia.

Among other stocks, Samvardhana Motherson SAMD.NS, India's biggest auto parts supplier, fell over 2%, while Bharat Forge BFRG.NS, which also supplies Tesla, was down 0.4%.

The U.S., Samvardhana's top market along with India, accounts for 20% of its total revenue. North America, led by the U.S., forms a steeper 40% of Sona Comstar's revenue.

The day's decline also mirrors share moves of larger global carmakers, from Toyota 7203.T and Hyundai 005380.KS, to Stellantis STLAM.MI and Ford F.N, all of which fell after Trump's announcement.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)

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Feb 10 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• APPROVES AMENDMENT TO BTA WITH ESCORTS KUBOTA FOR RED ACQUISITION

• APPROVES PURCHASE OF 33,423 SQ YARDS LAND FROM ESCORTS KUBOTA

• LAND PURCHASE FOR 1.10 BILLION RUPEES IN FARIDABAD

Source text: ID:nNSE6r01y9

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Jan 29 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS LTD - SONA COMSTAR SIGNS MOU WITH THE EPLANE CO

• SONA BLW PRECISION FORGINGS LTD - MOU TO DEVELOP POWERTRAIN FOR EVTOLS AND DRONES

Source text: ID:nBSE9tSlc9

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Jan 10 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SIGNS MOU WITH TIHAN-IITH

Source text: ID:nBSE5pFjJS

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By Aditi Shah

NEW DELHI, Dec 12 (Reuters) - Indian auto component maker Sona Comstar, supplier to companies such as Ford F.N and Stellantis STLAM.MI, is in talks with carmakers in China, Japan and South Korea as it looks to expand beyond its main markets of North America and Europe.

In an interview, Group CEO Vivek Vikram Singh said Sona Comstar SONB.NS was in "active discussions" with automakers in these regions to supply components for electric and hybrid cars, as well as internal combustion engine vehicles.

He did not identify the carmakers, but said he expected the Eastern countries to contribute more than half of company revenues in five years, compared with a 66% share now for Europe and North America, while India makes up 28%.

"Growth through market share gains alone is no longer enough," Singh told Reuters, adding that the company needed to pivot to new markets.

Although the Eastern region, including India, makes up nearly half the global car market, Sona now has a relatively small share, he said.

Light vehicle sales in North America and Europe are expected to shrink to 34 million units this year from 37 million in 2015, Singh said.

In China, by contrast, sales of EVs, plug-in hybrids and extended-range vehicles have risen 50% in 2024 on the year to account for more than half the 20 million cars sold.

As car sales in the United States and Europe stagnate and carmakers' electrification plans slow, Singh said the company was looking to invest in mobility businesses beyond automobiles as well as new technologies to grow over the next decade.

"In the last nine years, we have grown over nine times by focusing on electrification, expanding our market share in North America and Europe and introducing new products," Singh added.

"To multiply our current size ninefold again, we need new approaches."

With a market valuation of more than $4.7 billion, Sona Comstar is best known for making differential gears that enable vehicle wheels to spin at different speeds, along with starter motors for certain hybrids.

It has a net order book of $2.7 billion, close to 80% of which is made up of EV components.

In it diversification push, Sona Comstar acquired Escorts Kubota's ESCO.NS railway equipment business this year and is separately also investing in companies that make sensors and telematics.

(Reporting by Aditi Shah; Editing by Clarence Fernandez)

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Oct 23 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• SONA BLW PRECISION FORGINGS SEPT-QUARTER CONSOL NET PROFIT 1.44 BILLION RUPEES

• SONA BLW PRECISION FORGINGS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.22 BILLION RUPEES

Source text for Eikon: [ID:]

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Oct 21 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• INAUGURATION AND COMMENCEMENT OF PRODUCTION IN NEW MANESAR PLANT

Source text for Eikon: ID:nNSEcdp1VX

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Sept 4 (Reuters) - Sona BLW Precision Forgings Ltd SONB.NS:

• GETS GOVERNMENT INCENTIVE CERTIFICATION FOR HUB WHEEL MOTOR FOR ELECTRIC TWO WHEELERS

Source text for Eikon: ID:nBSEc4HQSl

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(Reporting by VijayDattaram Malkar)

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