मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
SONA COMSTAR TAPS CHINA EV PARTS MKT AMID RARE EARTH HIT
Hindustan Times Noida
|July 21, 2025
Sona Comstar has entered China’s electric vehicle (EV) market through a joint venture with Jinnaite Machinery Co. at a time when its US business is facing headwinds due to Trump's tariffs and the India unit is suffering because of Chinese rare earth restrictions.
The Gurugram-based firm will invest $12 million in the joint venture and hold a 60% stake, while its Chinese partner will contribute $8 million, according to a company statement. The JV will provide driveline components to Chinese and global original equipment manufacturers (OEMs).
The joint venture is expected to start operations in the second half of the current financial year.
यह कहानी Hindustan Times Noida के July 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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