Mumbai: Automotive Technology agency Sona Comstar expects its income share from the electrical car phase to the touch 50 per cent by FY27, on sturdy pipeline of orders and an increasing EV market, a prime firm official stated. The income share of the corporate’s EV phase within the general topline jumped to 29 per cent within the June quarter from a meagre 2 per cent in FY20, Sona Comstar Managing director and Group CEO Vivek Vikram Singh stated.
“As much as 66 per cent of our overall order book pertains to the EV segment. So, it (EV segment revenue) should account for 45 per cent in the overall revenue for sure in the next 3-4 years,” Singh informed PTI.
Singh additional stated, if the electrical two-wheeler phase takes off in India, the EV phase income could be greater.
“So, we will have to wait and see. If we win more programmes in the orderbook shape that will also help (us), then this share could reach 45-50 per cent by FY27,” Singh stated.
The firm earlier this week reported a 5 per cent progress in revenue after tax at Rs 75.80 crore and 18 per cent enhance within the topline to at Rs 589.20 crore within the June quarter over the year-ago interval aided by a 68 per cent rise within the Battery Electric Vehicles (BEV) income in comparison with Q1FY22.
The Gurugram-based firm has two enterprise verticals — driveline and motor — with 13 merchandise. It has 9 manufacturing services in 4 international locations — India, USA, China and Mexico — in addition to three R&D centres.
Its EV-focussed merchandise embody differential assemblies, discount gears, traction motors, motor controllers, e-axles and built-in modules amongst others.
According to Singh the corporate has received a complete of 13 new programmes — six from EV prospects and remaining seven from the non-EV purposes through the June quarter.
Of the six EV programmes, three are vital ones which can drive diversified EV progress. This contains one programme from an Indian unique tools producer (OEM) of electrical and ICE (inside combustion engine DRR
Source: auto.economictimes.indiatimes.com