Autos component components Sambo Bah Facision Forcisions (Sona Comstar) signed a binding term Commy in Jinnaite company in China.
The JV will create systems to run drives and components of Chinese automotive manufacturers and globally, Sona Comstar announcing the stock exchange.
Sona Comstar Invest in USD 12 million, while JN will share USD 8 million in assets and businesses in joint venture effort.
JV is expected to start operations in the second half of the current financial year, which marks an important milestone to expand the car in Comstar’s car.
“Sona Comstar, a leading supplier of global driving solutions for various automotive conditions, strategy which extends the presence of the assching asshole.
Chinese manufacturing operations are in accordance with the company’s strategy expanding the presence of Asian markets, especially in India, Japan, and South Korea, while working in North America’s market.
Referring to the big EV SIV market in China, Sona Comstar says it is naturally for any company with wishes to be a global dealership and supply chains.
Jinnaite Minchinery Co., ONDD) acts in a world class of world use of psychic technology to make complex castings and molds. Jnt 63 Patents and 36 technologies have held the proprietary, and actively participate in the formation of national patterns in China, which contributes to the development of five national standards.
Auto customer base, off-highway, and rail sectors, including leading Chinese automotives, as well as from North America, Europe, and Japan, further emphasizing his skill and competence.
Expect JV to start operations in the second half of the current financial year to meet orders from ARV and Non-EV Aurt customers’ orders.
Vivek Vikram Singh, MD and Group CEO of Sona Comstar, said: “As the largest electric vehicle market in the world and a leader in eV Technologies, China offers tremendous opportunities for innovation and growth. Become a key supplier of driveline solutions for electric vehicles in the region. With a robust order book already in place, we look forward to operations to start later years. “
