Sona BLW Enters China EV Market

  Published 1 year ago

Sona BLW shares rise on China EV market entry via $12M joint venture to build driveline components with Jinnaite Machinery.

  • Investec calls move positive, forecasting 4%-5% additional sales; JM Financial sees ₹16.7 billion addressable market.
  • Average analyst rating remains “buy” with ₹546 median price target; the company focuses on long-term growth prospects.
  • Stock up 3.5% today but down 19.3% in 2025, underperforming the mid-cap index’s 3.4% annual gain.

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