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Sona Comstar DENSO form two EV powertrain JVs
x/indian
— Jul 22, 2026
Indian auto components maker Sona Comstar and DENSO plan two joint ventures to design and manufacture electric and hybrid powertrain systems across 2-, 3-, and 4-wheelers in India. The high‑voltage, liquid‑cooled unit will be owned 51% by DENSO with management control, while the 2/3‑wheeler unit involves transferring Sona’s existing business to a subsidiary, with DENSO taking 49% and Sona retaining 51% and control; both deals are subject to regulatory approvals and closing conditions to accelerate India's EV push.
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Atlanta Electricals Q1 Profit Surges, Shares Fall
Business
— Jul 21, 2026
Atlanta Electricals reported robust Q1 FY27 results with consolidated net profit of ₹46.84 crore and standalone ₹53.09 crore as revenue from operations rose about 46-48% to around ₹466.33 crore, with EBITDA margins near 16.5–16.6% and continued capacity expansion in high-voltage transformers. The company is leveraging a strong order-book, pursuing higher-capacity and EHV capabilities, while IPO proceeds have been largely utilized and the results reflect seasonality with the March quarter typically stronger.
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