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Auto ancillary stock jumps after it signs MoU with NMICPS Technology for  AGVs, drones and EVTOL

Auto ancillary firm collaborates with TiHAN-IIT Hyderabad to develop Connected, Autonomous, and Electric technologies for AGVs, drones, and eVTOLs, fostering innovation and accelerating India's shift to advanced mobility solutions.
Auto ancillary stock soars on MoU for AGVs, drones, and EVTOL innovation with NMICPS Technology.

Introduction:

Auto ancillary company has partnered with TiHAN-IIT Hyderabad at CES 2025 to drive innovations in Connected, Autonomous, and Electric technologies, focusing on AGVs, drones, and eVTOLs, advancing India’s transition to futuristic mobility solutions.

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Share price movement of Sona BLW Precision:

On January 10, 2025, Sona BLW Precision Forgings Ltd. opened at ₹563.25, down 0.62% from its previous close of ₹565.75. The stock reached a high of ₹573.65 and a low of ₹558.50. By 3:07 PM, it traded at ₹569.90, a 0.73% increase, with a market cap of ₹35,415.87 crore.

Sona Comstar Partners for Autonomous Innovations:

Sona BLW Precision Forgings Ltd. (Sona Comstar) has signed an MoU with TiHAN-IIT Hyderabad at CES 2025, USA, to develop Connected, Autonomous, and Electric technologies. The collaboration focuses on AGVs, drones, and eVTOL innovations.

This partnership combines Sona Comstar’s global mobility technology expertise and TiHAN-IITH’s autonomous navigation capabilities to advance research in autonomous vehicles. The initiative aims to accelerate India’s transition to future mobility through innovation and industrial excellence.

As autonomous technologies gain momentum in personal transportation and industrial mobility, the partnership will leverage strengths across the software value chain. This marks a pivotal step in India’s autonomous and electric vehicle revolution.

Recent news on Sona BLW Precision:

As of October 24, 2024, Sona BLW Precision Forgings announced an agreement to acquire Escorts Kubota’s Railway Equipment Division for ₹1,600 crore. The acquisition strengthens Sona BLW’s presence in railway components, adding advanced products and innovation capabilities.

Stock performance of Sona BLW Precision for Period of 1 week, 6 months and 1 year:

Sona BLW Precision Forgings’ stock has faced a challenging period, declining by 4.29% over the past week, 21.9% in six months, and 6.75% over the past year, reflecting market pressures on its performance.

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Also Read: Tata group stock falls 7% after it reports 3.6% YoY decline in net profits

Shareholding pattern of Sona BLW Precision:

All values in %Sep 2024Jun 2024Mar 2024
Promoter28.00%29.70%29.70%
FII32.70%32%32.90%
DII31.50%29.50%28.80%
Public7.80%8.80%8.60%

About Sona BLW Precision:

Sona BLW Precision Forgings Limited (NSE: SONACOMS) is a leading global automotive technology company headquartered in Gurugram. Founded in 1995, it supplies precision-engineered systems, specializing in Electric Vehicle components, with facilities across India, USA, Europe, and Asia.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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