Sona Comstar has unveiled its “Sona Comstar 2.0” strategy, marking what it describes as the company’s next phase of growth after expanding its revenue more than tenfold over the last decade. The strategy broadens the company’s focus beyond automotive electrification into Robotics and Physical AI, while deepening its presence in electric and hybrid powertrains through newly announced joint ventures with Japan’s Denso.
The company said it grew revenue from ₹3.45 billion in FY15 to ₹35.55 billion in FY25 by focusing on electrification, global expansion and new product verticals. Under Sona Comstar 2.0, it aims to replicate that growth trajectory by adding Robotics and Physical AI as a new business vertical, expanding in eastern markets, pursuing acquisitions and joint ventures, and strengthening its technology portfolio.
A key pillar of the new strategy is the partnership with Denso to develop electric and hybrid powertrain systems. The two companies will establish separate joint ventures for passenger vehicles and two- and three-wheelers. The venture catering to four-wheelers will focus on high-voltage liquid-cooled traction inverters, motors and generators, while the two- and three-wheeler venture will develop air-cooled traction motors, inverters, generators and e-axles. According to the company, the partnership is intended to accelerate localisation, product development and access to Denso’s intellectual property and powertrain expertise.
Sona Comstar is also positioning Robotics and Physical AI as a long-term growth engine. The company plans to operate across the value chain, from components such as motors, gearboxes, sensors and actuators to perception software, engineering services and complete robot platforms, including autonomous mobile robots and collaborative robots. It said the business has already secured three orders worth ₹6 billion, taking the total order book for the vertical to ₹8 billion.
Alongside the strategic announcement, the company reported strong financial performance for the first quarter of FY27. Revenue rose 54% year-on-year to ₹13.1 billion, while EBITDA increased 49% to ₹3.03 billion with an EBITDA margin of 23.1%. Profit after tax grew 45% to ₹1.81 billion. Battery electric vehicle revenue more than doubled to ₹4.36 billion and accounted for 44% of automotive product revenue during the quarter.
The company also said its net order book stood at ₹240 billion at the end of Q1 FY27, equivalent to 5.4 times FY26 revenue. EV programmes account for ₹154 billion, or 64%, of the total order book. During the quarter, Sona Comstar secured a ₹6.4 billion hybrid driveline programme from a North American OEM and ₹900 million worth of traction motor programmes for an Indian electric two-wheeler manufacturer, while continuing to diversify into railways and Robotics and Physical AI.