Sona Comstar raises capex to INR 1,200 crore for EV business expansion

Sona Comstar increased its capital expenditure to INR 1,200 crore over the next three years, adding INR 100 crore to the previous plan. The investment will expand capacity for traction motors, motor controllers, and driveline components for electric vehicles.

“We have a strong capex lined up. For the current fiscal and next two years, our total capex was earlier planned at Rs 1,000–1,100 crore. We recently added Rs 100 crore more, which takes it to around Rs 1,200 crore.”autocarpro.in

• 1 source
• autocarpro.inSona Comstar raises capex to Rs 1,200 crore for EV biz | Autocar ProfessionalAutocar Professional BureauSep 18, 2023

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