By BasisPoint Insight
July 23, 2025 at 9:07 AM IST
Sona BLW Precision Forgings Ltd. on Sunday said its board has approved forming a joint venture with China-based Jinnaite Machinery Co. Ltd. to manufacture and supply driveline systems and components to automotive OEMs in China and other countries.
The JV is expected to begin operations in the second half of 2025-26.
Sona BLW or its subsidiaries will hold 60% in the JV and invest $12 million, while Jinnaite will hold 40% and contribute $8 million in assets and business. Jinnaite operates a foundry using patented tech to make complex castings and moulds.