Sona Group looks to buy Mitsubishi Minerals Corp's 25% stake in Sona BLW

摘要

Gurugram/India - Steering and drive line system components maker, Sona Group of India is looking to buy out the 25% equity stake in Sona BLW Precision Forgings belonging to its joint venture partner, Mitsubishi Minerals Corporation. This move is part of the Sona Group's strategy to streamline its business operations and to focus on its forgings business in India and abroad; specifically on commercial vehicles axles and axle housings for electric vehicles.