This collaboration, along with JNT’s established customer relationships in China, supplier connections, and understanding of local regulations, positions JV for strong growth over the medium term, it added
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Sona BLW Precision Forgings (Sona Comstar) on Sunday said it has signed a binding term sheet with Jinnaite Machinery (JNT) to establish a $20 million joint venture (JV) company in China to manufacture and supply driveline systems and components to automotive original equipment manufacturers (OEMs) in China and globally.
Sona Comstar will invest $12 million, while JNT will contribute $8 million in assets and business to the JV company in the first phase and the JV is expected to commence operations in the second half of the current financial year, the company said adding that this will be a significant milestone in Sona Comstar’s expansion into the Chinese electric vehicle (EV) market.
JNT operates a world-class foundry utilising patented technology to manufacture complex castings and molds and has a strong customer base in the automotive, off-highway, and railway sectors, including leading Chinese automotive OEMs, as well as those from North America, Europe, and Japan.
Joint Venture
The joint venture would leverage Sona Comstar’s expertise in driveline system design, precision forging, and precision machining, combined with JNT’s proficiency in casting and molding, the company said.
This collaboration, along with JNT’s established customer relationships in China, supplier connections, and understanding of local regulations, positions JV for strong growth over the medium term, it added.
“This joint venture marks a significant step in our strategy to expand into the rapidly growing Asian markets. As the largest EV market in the world and a leader in EV technologies, China offers tremendous opportunities for innovation and growth…With a robust order book already in place, we expect operations to commence later this year,” Vivek Vikram Singh, Managing Director and Group CEO of Sona Comstar, said.
Published on July 20, 2025
