Sona BLW shares surge over 7% on this exclusive newsbreak
Published on 17/07/2025 12:31 PM
Sona BLW shares surge over 7% on this exclusive newsbreakThe talks between Sona BLW and BYD are in an advanced stage and have been ongoing for the last few months, sources said.By Vivek Iyer | Parikshit Luthra July 17, 2025, 12:31:27 PM IST (Updated)1 Min ReadShares of Sona BLW Ltd. surged as much as 7.5% on Thursday, July 17, after sources in the know told CNBC-TV18 that the company is in advanced talks to supply electric vehicle components to Chinese EV manufacturer BYD.
The talks between Sona BLW and BYD are in an advanced stage and have been ongoing for the last few months, sources said.
To cater to these needs, in case a deal fructifies, Sona BLW cold also be setting up a local component manufacturing plant in China and that unit is part of a long-term roadmap for continued collaboration with BYD, according to those sources.
During the fourth quarter of the previous financial year, 35% of Sona BLW's revenue came from the Electric Vehicle business, with Tesla being a key client.
CNBC-TV18 had reached out to Sona BLW with its query and the company did not offer a comment on the same.
Shares of Sona BLW are trading 6.9% higher on Thursday, extending their gains after the newsbreak at ₹486.55. The stock is still down 18% on a year-to-date basis.Continue ReadingFirst Published: Jul 17, 2025 12:08 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBYDshare market todaySona BLWSona BLW Precision Forging