Sona Group to double turnover to Rs 10K cr by 2020, foray into railways, defence, aerospace – Feedback

Auto component maker Sona Group is targeting doubling its turnover to Rs 10,000 crore by the end of the decade by foraying into associated industries such as railways, defence and aerospace. Sunjay Kapur, chairman, Sona Koyo Steering Systems, said, “As a group we should double our sales by 2020, that’s really our aim.”

The Sona Group is valued at about Rs 4500-5000 at present. Sona Koyo Steering Systems is the flagship company of the Sona Group which is listed on the stock exchange. Sona BLW Precision Forgings in an unlisted entity, a joint venture between Sona Holding and Mitsubishi Materials Corporation, Japan. “In terms of the unlisted entity we have got great growth plans. We are looking at lot of different businesses – railways, defence in the forging business. These businesses are recession proof. Volumes are very different but the opportunity exists. We are definitely going to be there”, added Kapur.

http://economictimes.indiatimes.com/industry/auto/news/auto-components/sona-group-to-double-turnover-to-rs-10k-cr-by-2020-foray-into-railways-defence-aerospace/articleshow/51456428.cms

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