Sona BLW Precision partners Enedym to produce magnet-less EV motors

Image
Capital Market
Last Updated : Apr 20 2022 | 9:17 AM IST

The company will make Enedym's SRM drive motors, controllers, and drive trains for the target applications exclusively in India with serial production expected to start in 2023.

Sona BLW Precision Forgings ("Sona Comstar") has formed a strategic partnership with Canada-based Enedym Inc.

Enedym Inc. develops next generation switched reluctance motors (SRMs), electric propulsion, and electrified powertrains. Enedym's patented SRM drive technology requires no permanent magnets or other rare earth metals and offers high performance, power density, and efficiency.

Under the agreement, the parties will develop SRM drive platforms for Indian road and usage conditions targeting 3-wheeler electric vehicles (10-30kW peak power), 2-wheeler high-performance motorcycles (10-20kW peak power) and 4-wheeler cargo delivery electric vehicles (20-40kW peak power).

In addition, Enedym will license its SRM technologies to Sona Comstar for manufacturing the drive motors, controllers, and drivetrains for the target applications exclusively in India. The serial production of these systems is likely to commence in 2023.

Sona Comstar is primarily engaged in designing, manufacturing, and supplying highly engineered, mission critical automotive systems and components to automotive OEMs. Sona Comstar is a leading supplier to the fast-growing global Electric Vehicle (EV) market.

Net profit of Sona Comstar rose 3.53% to Rs 86.44 crore on 0.99% rise in net sales to Rs 494.15 crore in Q3 December 2021 over Q3 December 2020.

Shares of Sona Comstar rose 1.66% to settle at Rs 633.20 on Tuesday.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 20 2022 | 9:06 AM IST

Next Story