They believe that mobility is undergoing a transformation to an Electric, Personalised, Intelligent and Connected future of mobility. They are also strategically investing in R&D to develop solutions that align with this future. They are working towards advanced electric drivetrain products and high performance motors to support the growing demand for these types of products. They have also been developing products for autonomous and connected applications to enhance safety, efficiency and convenience. They solve complex engineering problems and they offer the solutions to their customers. With their diversified portfolio of solutions they partner with  automotive OEM worldwide for advanced applications particularly in the EV space. The have 54 EV programs and 29 percent of their revenue share came from BEV. They have solidified their position as one of the most respected automotive component manufacture but they think that they can have a bigger impact. They provide a lot of the small but critical parts for a lot of vehicles. Because of a lot of government programs and increasing awareness of climate change there is going to be an increase in the amount of EV cars that there are. Sonacomstar is anticipating the increase and they are working towards building their capacity. They believe that India is at a huge point in their history from where it can go from a huge potential market to a world power house this is set to be led by digitalisation and stuff like that. They are focusing on building a long term business with a solid foundation. To achieve this one of the things that they are doing Is investing into their R&D team. In this financial year they managed to achieve most of their goals that they had set for themself and despite facing numerous headwinds they managed to increase their net profits by 31 percent and added 4 new EV customers. They also added a third pillar of revenue in this year which is sensors and software. They believe that the shift into EV is one of the biggest shifts in the automative industry and as a leader in this segment they are goin to be able to benefit a lot from it. To get into the software and sensors segment they acquired a company called NOVELIC and their expertise in the area include semiconductor chip design services, radar sensor design, signal processing, perception, and sensor fusion software. Their radar sensor also has a lot of uses in the automotive industry. They are also working on developing products which are non automotive and they partnered with equip make to develop powertrains for vehicles. For short and medium term growth drivers it is mainly their large order book of 226 billion inr. For their long term growth drivers it mainly consists of technological advancement and product roadmaps. They also have a three pronged approach which is forming new products in-house which is their core business,  making technological partnerships for their product roadmap and to acquire companies to get into new fields like how they acquired NOVELIC. One of the main things that they have had to do is to strategically diversify their portfolio to make sure that through the dynamic landscape of the economies they will be able to deliver good performance and growth. The calendar year 23 saw a resurgence in the amount of automobiles sold. They have acquired a lot of companies to add to their business model. For their revenue diversification in fy 23 most of their revenue come from power source neutral products which contributed to 37 percent of their revenue and then their BEV contributed to 29 percent of their revenue. Then their micro hybrid and hybrid contributed to around 24 percent fo their revenue and the other 10 percent came from ICE dependent. For their technological road map they added a lot of new products because of their acquisition of NOVELIC. One of the more recent trends that should give them a good boost is the one to make powertrains electric. 

Summary

Sona comstar is one of the leading mobility tech companies with them designing and manufacturing various components use in cars. They provide these solutions to global automotive OEM. They do this for both electrical and non electrical. They have a big stake in EV and have grown their EV by a lot. They recently acquired NOVELIC which has helped them provide more and more radar systems. 

Personal thoughts. 

I think that this is a very good c company especially because of the push towards EV. With that being said I am pretty sure that the market already has taken into account this matter. I think it is a good thing that their BEV already contribute to so much of their revenue because that means that they already have a good presence in the market.