Sona Comstar tech deals with Equipmake to make e-powertrains for vehicles in India, other markets
Sona BLW Precision Forgings Ltd (Sona Comstar) has signed a technology licensing agreement with Equipmake, a technology company based in the United Kingdom that has developed high-performance electric powertrains.
The patented technology of Equipmake provides high power density and efficiency with high performance, making it ideal for electric cars, buses, and commercial vehicles.
According to a press release from Sona Comstar, Equipmake will license certain patented spoke motor and inverter technology in the power range of 100kW to 440kW to Sona Comstar to manufacture and sell EV Powertrains, sub-systems and components for electric cars, buses, commercial vehicles, and off-road vehicles.
Sona Comstar will be in charge of business development and customer sales in India, Thailand, and select South Asian countries, while Equipmake will be in charge of global sales. Sona Comstar will manufacture EV Powertrains, sub-systems, and components based on Equipmake’s patented technology exclusively for the target applications in India and other select markets.
Sona Comstar will also produce and sell EV Powertrains, subsystems, and components for the target applications to Equipmake and its global customers in other international markets. According to the release, the companies expect serial production of these systems to begin in 2025.
Equipmake specializes in high-performance electric motors, complete EV drivetrains, and high-speed power electronic systems.
Due to favorable economics, CRISIL expects demand for electric passenger vehicles in India to increase to 25% in FY32, up from less than 1% in FY22, led by the commercial segment (fleet). In absolute terms, it expects the Indian electric car market to grow from 30k units in FY22 to 1.6 million in FY32. CRISIL expects electric bus penetration in India to rise to 11% in FY27 and 21% in FY32, up from 5% in FY22, due to improved unit economics, government push at state transport undertakings (STU), and ESG concerns.
STU will drive electric bus penetration initially, followed by school and staff bus segments. In absolute terms, CRISIL expects the Indian electric bus market to grow from 1.6k units in FY22 to over 27k in FY32.
Sona Comstar’s CEO of Motor Business, Sat Mohan Gupta, stated, “We are thrilled to be collaborating with Equipmake to bring their cutting-edge motor and inverter technologies to India. We aim to provide our customers with high-performance, efficient, and cost-effective electrified drivetrain solutions using Equipmake’s advanced technology and Sona Comstar’s manufacturing and sales capabilities. This is yet another step in our commitment to providing innovative solutions to accelerate the adoption of electric mobility in India and around the world.”
Ian Foley, CEO, of Equipmake, said, “We are excited to partner with Sona Comstar to deliver our technology to these significant markets including India. Our spoke motors and inverters have already been widely recognized for their impressive power and torque density, and we are confident that they will play a significant role in driving the growth of the electric vehicle market in India.”
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