Sona Group to invest Rs 300-400 crores over 3-4 years
Wednesday, March 8, 2017, 12:06 PM
Auto component-maker Sona Group announced its buyout of Japanese partner Mitsubishi Corp’s 25% stake in Sona BLW Precision Forgings. The focus can now be on the forgings business, where the company has 19-20% market share globally. The Group plans to ramp up its research & development in the field. It will invest Rs 300-400 crore over next 3-4 years, mostly in India.