With global trade facing uncertainty due to rising geopolitical tensions, India has emerged as a strong cushion for

Sona BLW Precision Forgings

(

Sona Comstar

), contributing over 50 per cent of its revenues, helping offset volatility in overseas markets.

Amid uncertainties linked to US tariffs, the company expects that the next phase of growth would come from Europe and India.

“EV and hybrid growth is strong everywhere except North America. Europe and India will drive the next phase,” Sona Comstar’s managing director and Group CEO Vivek Vikram Singh told ETAuto.

The company sees the current turmoil as an opportunity to grow. “Short-term volatility does not change how we run the company. We are building for decades, not quarters,” said Singh.

Sona Comstar reported its highest-ever quarterly revenue, EBITDA and adjusted net profit in Q3 FY26. Revenue rose 39 per cent year-on-year to ₹1,209 crore, EBITDA increased 30 per cent to ₹305 crore, while adjusted profit after tax grew 20 per cent to ₹181 crore.

The Gurugram-based mobility technology supplier said its diversified India portfolio; spanning electric vehicle driveline systems, motors, sensors and a growing presence in railways helped sustain stable demand. “Diversification across customers, geographies and products has really stood out for us,” Singh said.

However, the company expects its battery electric vehicle (BEV) revenue share to decline by three percentage points, from 36 per cent to 33 per cent, in FY26. This is attributed to challenges faced by one large customer across multiple geographies. Excluding this account, BEV programmes across Europe and India are progressing broadly in line with expectations, Singh said. The company described the 14 per cent decline in BEV and hybrid share during the first nine months of FY26 as optical and customer-specific. The company’s BEV revenue fell from ₹929.1 crore to ₹795.4 crore.

Big bet on India

Over the medium to long-term, Sona Comstar is placing a strong bet on the domestic market, aiming to leverage India’s manufacturing and engineering capabilities for both domestic and export programmes.

India’s contribution to the company’s revenue rose to 55 per cent in Q3, while dependence on North America declined sharply from around 45 per cent to 25 per cent year-on-year.

India remains a key growth market, with plans to expand its railways business following a recent acquisition, scale up its motor business across the mobility spectrum, and pursue long-term development of robotics and automation solutions.

The auto component manufacturer, which last year fully acquired Escorts Kubota Limited’s Railway Equipment Division (RED) for ₹1,600 crore, expects the railways business to contribute 20–25 per cent of its revenue in FY27. “The railway segment offers long-term, stable demand, and we are committed to scaling our capabilities there,” Singh added.