Sona Comstar and Equipmake ink tech licensing agreement for electric powertrains

Sona Comstar will manufacture drive motors, inverters, and drive trains for the target applications and supply them to its customers in the licensed territory and to Equipmake for other markets.

Sona Comstar
The partnership contemplates Equipmake licensing certain drive motors and inverters to Sona Comstar for applications in electric cars, buses, commercial vehicles and off-road vehicles in India,

Sona BLW Precision Forgings has signed a technology licensing agreement with Equipmake, a UK-based technology company that has developed high-performance electric powertrains. With this partnership with Equipmake, Sona Comstar will expand its offerings to include high-voltage motors and inverters for passenger cars, electric buses, commercial vehicles and off-road vehicles.

Under the agreement, Equipmake will license certain patented spoke motor and inverter technology in the power range of 100kW to 440 kW 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 lead the business development and customer sales in India, Thailand and select South Asian countries, while Equipmake will lead the sales in the rest of the world. Sona Comstar will exclusively manufacture EV Powertrains, sub-systems, and components, based on Equipmake’s patented technology, for the target applications exclusively in India and other select markets.

Commenting on the partnership Sat Mohan Gupta, CEO of Motor Business at Sona Comstar, said, “With Equipmake’s advanced technology and Sona Comstar’s manufacturing and sales capabilities, we aim to offer our customers high-performance, efficient, cost-effective electrified drivetrain solutions.”

Ian Foley, CEO, Equipmake, aaded, ” We are excited to partner with Sona Comstar to deliver our technology to these significant markets including India. We are confident that they will play a significant role in driving the growth of the electric vehicle market in India.”

Sona Comstar will also manufacture and sell EV Powertrains, sub-systems and components for the target applications to Equipmake and its global customers in other overseas markets. The companies expect the serial production of these systems to commence in 2025. Equipmake has over 20 years of experience developing and integrating industry-leading electrification products for the provision of electric vehicle drivetrains to meet the needs of the automotive, aerospace and other sectors in support of the transition from fossil-fuelled to zero emission vehicles. Equipmake specialises in ultra-high performance electric motors, complete EV drivetrains and ultra-fast power electronic systems. Its patented technology offers high power density and efficiency with high performance, making it ideal for electric cars, buses, and commercial vehicles

CRISIL study sees demand for electric passenger vehicles in India to increase to 25 per cent in FY2032, up from less than 1 per cent in FY2022, led by the commercial segment (fleet) due to favourable economics. In absolute numbers, it estimates the electric car market in India to grow from 30,000 units in FY2022 to 1.6 million in FY2032. CRISIL has projected the penetration of electric buses in India to increase to 11% in FY2027 and 21% in FY2032, up from 5% in FY2022, driven by improving unit economics, government push at state transport undertakings (STU) and ESG concerns. In absolute numbers, CRISIL estimates the electric buses market in India to grow to over 27000 in FY2032 from 16000 units in FY2022 .

Sona Comstar is one of the largest manufacturers of EV traction motors in India and has sold more than 180,000 EV traction
motors since starting production of these indigenous traction motors at its Chennai plant in November 2020. The company’s strategic objective is to develop traction motors and inverters for all mobility segments and offer the right motor, made using the right technology, to each vehicle application.

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First published on: 16-05-2023 at 13:03 IST