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Sona Comstar puts JV with China’s Jinnaite Machinery in ‘abeyance’
October 28, 2025
|The New Indian Express Bengaluru
AUTO component major Sona BLW Precision Forgings (Sona Comstar) said on Monday that it has decided to keep its joint venture with China-based Jinnaite Machinery Co. Ltd. (JNT) in abeyance, citing geopolitical factors.
“The parties have agreed to put the proposed JV in abeyance. The parties have expressed their willingness to cooperate with each other on select foundry products and remain open for collaboration in future. The term sheet executed by the parties for the proposed JV on July 20, 2025 stand rescinded,” said Sona Comstar in an exchange filing while reporting its July-Septemb
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