Sona Comstar bets on DENSO JVs as EV demand outpaces supply
Sona Comstar says its DENSO joint ventures will widen EV motor-controller offerings across two-wheelers, passenger vehicles and commercial vehicles. The company reported 107% EV revenue growth in Q1 and sees a ₹24,000–30,000 crore addressable market by 2030.
Sona Comstar said its DENSO joint ventures will expand EV motor-controller offerings across two-wheelers, passenger vehicles and commercial vehicles. The company sees demand exceeding supply in India, expects manageable capex, and is building AI and robotics orders alongside rapid China growth.
Why this matters
The move builds on Sona Comstar’s recent signals on forming two India-focused EV and hybrid powertrain joint ventures with DENSO, adding motor-controller capacity across vehicle segments.
Retail-company signals are accelerating, up 1,074,000% QoQ.