Archive · 22 Jul 2026
Sona Comstar and DENSO form joint ventures for electric powertrains
Sona Comstar and DENSO Corporation, a Japanese automotive technology company, have teamed up to create two new companies.
These companies will focus on making parts for electric and hybrid vehicles, like cars, motorcycles, and rickshaws.
Sona Comstar will use its knowledge of manufacturing in India, while DENSO will bring its advanced technology.
They will work together to make better and more affordable parts for electric vehicles.
One new company will make parts for bigger vehicles like cars, and the other will make parts for smaller vehicles like motorcycles and rickshaws.
Sona Comstar will own a bigger share in both companies, while DENSO will own a smaller share.
They will also share their special technology with each other.
This partnership aims to make electric vehicles more reliable, efficient, and sustainable.
Sona Comstar and DENSO Corporation form two joint ventures for electric and hybrid powertrain systems.
One joint venture focuses on four-wheelers and larger vehicles, the other on two-wheelers and three-wheelers.
Sona Comstar retains 51% stake and management control in both joint ventures.
DENSO holds 51% equity stake in the four-wheeler joint venture and 49% in the two-wheeler joint venture.
The partnership aims to develop scalable and cost-efficient powertrain solutions for electric and hybrid vehicles.
- Who
- Sona Comstar and DENSO Corporation
- What
- Formation of two joint ventures for electric and hybrid powertrain systems
- When
- Announced on July 22
- Where
- India
- Why
- To develop scalable and cost-efficient powertrain solutions for electric and hybrid vehicles
Sona Comstar's Perspective
DENSO's Perspective
Equity Stake
Sona Comstar's Perspective
Sona Comstar retains 51% stake and management control in both joint ventures.
DENSO's Perspective
DENSO holds 51% equity stake and management control in the four-wheeler joint venture, 49% in the two-wheeler joint venture.
Technology Contribution
Sona Comstar's Perspective
Sona Comstar contributes engineering expertise, cost-competitive manufacturing, and understanding of the Indian automotive ecosystem.
DENSO's Perspective
DENSO brings technology capabilities in electrification, advanced product engineering, and R&D.
- Companies Involved
- Sona Comstar, DENSO Corporation
- Date of Announcement
- July 22
- Focus Areas
- Electric and hybrid powertrain systems
- Vehicle Segments
- Four-wheelers, two-wheelers, three-wheelers
- Equity Stake in Two-Wheeler Joint Venture
- DENSO: 49%, Sona Comstar: 51%
- Enterprise Value of Two-Wheeler Joint Venture
- ₹17,500 million
- Stock Price Change
- Sona Comstar: ₹726.15, down by ₹7.05 (0.96%)