Sona Comstar will invest up to ₹600 crore this fiscal year to scale its new robotics division and expand electric mobility operations. The company, which recently reported a 54% jump in quarterly revenue, is targeting a tenfold increase in revenue over the next decade through its 'Sona Comstar 2.0' strategy.
Detailed Coverage
Sona Comstar has unveiled its 'Sona Comstar 2.0' growth strategy, backed by a capital spending plan of ₹500-600 crore for the current fiscal year. This investment is designed to transition the company from a traditional automotive supplier into a broader technology player, with a specific focus on robotics and physical artificial intelligence alongside its core electric vehicle business.
Scaling Robotics and Physical AI
The company is directing ₹100-150 crore of its total capital expenditure toward its newly formed Robotics and Physical AI vertical. Unlike many competitors that focus on finished goods, Sona Comstar is targeting the broader technology value chain by developing motors, gearboxes, actuators, sensors, and radar perception software. The division has already built an order book worth ₹800 crore, and the company is also investing an additional ₹20-30 crore to build its own autonomous mobile robot platform. Management expects this business to become a significant contributor to total revenue within three to four years.
Order Book and EV Market Alignment
Electric mobility continues to be the primary engine for the company's growth. Its total net order book stands at ₹24,000 crore, with electric vehicle programs accounting for ₹15,400 crore, or approximately 64% of the total. This backlog is spread across 46 programs and 30 different customers, reflecting the company’s success in diversifying its client base. In the first quarter of FY27, revenue from battery-electric vehicles surged by 107% compared to the previous year, which helped the segment grow to 44% of total automotive revenue, even as some global markets experienced a slowdown in electric vehicle demand.
Financial Performance and Strategic Partnerships
Sona Comstar reported strong financial results for the first quarter of FY27, with revenue reaching a record ₹1,310 crore, a 54% increase compared to the same period last year. Profit after tax rose by 45% to ₹181 crore, while EBITDA improved by 49% to reach ₹303 crore. To support its technological shift, the company has entered into two joint ventures with Japan’s DENSO to develop powertrain systems for electric and hybrid vehicles.
Financially, the company remains in a stable position with approximately ₹1,500 crore in cash reserves. It also expects an inflow of ₹800 crore following DENSO's investment in its two-wheeler and three-wheeler powertrain business. This liquidity provides the company with the flexibility to pursue future acquisitions in the automotive and railway sectors. Investors may continue to monitor the execution of the new robotics business and whether the company can maintain its current growth pace of over 25% annually as it works toward its long-term revenue targets.