Sona Comstar forms joint venture with China’s JNT to manufacture driveline systems
Published on 20/07/2025 05:52 PM
Sona Comstar forms joint venture with China’s JNT to manufacture driveline systemsSona BLW (Sona Comstar) has entered a joint venture with China’s Jinnaite Machinery (JNT) to manufacture and supply driveline systems for global and Chinese automotive OEMs. Sona will hold a 60% stake with $12 million investment; CNBC-TV18 Newsbreak Confirmed.By Megha Rani July 20, 2025, 5:52:48 PM IST (Published)2 Min ReadSona BLW Precision Forgings Ltd. (Sona Comstar) has announced a joint venture with China-based Jinnaite Machinery Co. Ltd. (JNT) to manufacture and supply driveline systems and components for automotive OEMs in China and global markets. The board of directors of Sona Comstar has approved the formation of the joint venture (JV), either directly or through its wholly owned subsidiary, with Hubei-based JNT.
The JV is scheduled to begin operations in the second half of FY26 to fulfill existing orders from both EV and non-EV customers.
Under the agreement, Sona Comstar will invest $12 million and hold a 60% equity stake in the JV, while JNT will contribute $8 million in assets and business operations to hold the remaining 40% stake. Sona Comstar will hold the controlling interest, with JNT managing day-to-day operations.
“The board has approved the binding Term Sheet, as mutually agreed between Sona Comstar and JNT,” the company said in a statement. Commenting on the development, Vivek Vikram Singh, Managing Director & Group CEO of Sona Comstar, said the partnership represents a key strategic move in expanding the company’s footprint in Asia’s high-growth markets.
Jinnaite Machinery operates a state-of-the-art foundry using patented technology to produce complex castings and molds. It serves a diverse customer base across the automotive, off-highway, aviation, railway, and marine sectors and supplies OEMs in China, North America, Europe, and Japan.
The JV aims to address rising demand for advanced driveline components by combining Sona Comstar’s precision engineering expertise with JNT’s manufacturing capabilities and market presence in China.
The board has also authorised company officials to finalise and execute the Shareholders’ Agreement and other legal documents in line with the agreed terms.
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