Sona BLW Precision Forgings Limited

India

Sona BLW Precision Forgings Limited is an Indian manufacturer specializing in precision forgings for automotive and industrial applications. The company is recognized for supplying critical components to leading automotive clients, including Tesla.

CCI Score

23.67

-0.02% April 18

Latest Event

Sona BLW Receives Auto PLI Certification

Sona BLW Precision Forgings (also known as Sona Comstar) became the first automotive component manufacturer to receive certification under India's auto production-linked incentive (PLI) scheme for its hub wheel drive motor for electric two-wheelers. This achievement highlights the company's in-house R&D capabilities and its integration with government initiatives to boost domestic manufacturing.

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SABOTEUR

Sona BLW Precision Forgings Limited is currently rated as a Saboteur.

+10 to +24 CCI Score

Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

FEB

23

2024

Sona BLW Receives Auto PLI Certification
21.78

Sona BLW Precision Forgings (also known as Sona Comstar) became the first automotive component manufacturer to receive certification under India's auto production-linked incentive (PLI) scheme for its hub wheel drive motor for electric two-wheelers. This achievement highlights the company's in-house R&D capabilities and its integration with government initiatives to boost domestic manufacturing.
+20

Technology and Services Impact

March 29

The certification underscores the company’s innovation in developing EV traction motors internally, reflecting a positive impact on technological advancement and services. This development supports domestic innovation and positions the company as a leader in automotive technology.

Sona Comstar shares in focus after receiving auto PLI certification
+30

Economic and Structural Influence

March 29

By obtaining the auto PLI certification, the company aligns itself with a key government initiative aimed at boosting domestic manufacturing and economic self-reliance. This event is seen as strengthening the economic and structural foundations of the domestic automotive industry.

Sona Comstar shares in focus after receiving auto PLI certification
OCT

01

2023

Sustainability Report Emphasizes ESG and Community Engagement
64.23

Sona BLW Precision Forgings (operating as Sona Comstar) published its first sustainability report outlining its ESG framework, CSR initiatives, community engagement efforts, and partnerships aimed at promoting women in STEM and local development.
+75

Business Practices and Ethical Responsibility

October 1

The sustainability report reflects a commitment to ethical business practices and social responsibility. By adopting robust ESG frameworks, engaging with local communities through diverse CSR initiatives, and partnering with educational institutions to promote inclusivity in STEM, the company demonstrates positive efforts that align with anti-authoritarian and progressive values.

Sona Comstar Issues First Sustainability Report
OCT

01

2023

Sona BLW Joins Tesla’s Expanding Global Supply Chain
-15.00

Sona BLW Precision Forgings Limited has been mentioned among a group of Indian manufacturers supplying critical automotive components to Tesla. This development comes as Tesla diversifies its supply chain outside of China, partnering with several Tata Group companies and other key players.