Sona BLW Precision Forgings (Sona Comstar), a global mobility technology company, has signed a memorandum of understanding (MoU) with Germany-based NEURA Robotics GmbH to jointly develop advanced technologies, components, and sub-assemblies.
According to the regulatory filing by Sona Comstar, the two companies will also work together on the industrialization of robots and humanoids in India and other global markets.
The collaboration with NEURA Robotics is expected to boost Sona Comstar’s role in developing advanced automation solutions and in promoting products that are “Made in India.”
Sona Comstar’s expansion beyond automotive
Sona Comstar, which has its expertise in electric, personalized, intelligent, and connected (EPIC) mobility technologies, aims to expand beyond the automotive sector through this partnership. The company has also established capabilities in electric powertrains such as motors, inverters, and gearboxes.
Management outlook on the partnership
Commenting on the partnership, Vivek Vikram Singh, MD & Group CEO of Sona Comstar, said, “ By combining Sona Comstar’s engineering and manufacturing expertise with NEURA’s pioneering cognitive robotics technologies, we are well-positioned to deliver world-class solutions for the global market.”
David Reger, CEO and Founder of NEURA Robotics, said, “At NEURA Robotics, we believe true progress in robotics comes from strong partnerships that unite technology, engineering, and purpose.”
Share price of Sona Comstar
The share price of Sona BLW Precision Forgings (Sona Comstar) surged as much as 4.2% intraday but later came off highs to close at Rs 436.75, up 1.64%.