Sona Comstar sees annual investments rising as it grows
In short
Sona Comstar says its annual investments are now around Rs 500-600 crore and should rise as the business grows.
The company says it will keep spending on R&D, capacity and new capabilities, and it added three new products in the September quarter. The report does not say how much spending will rise or when.
What the reporting says
Sona Comstar said its annual investments, currently around Rs 500-600 crore, should rise as it expands operations, focusing on R&D, capacity expansion and new capabilities. Managing Director and Group CEO Vivek Vikram Singh said the auto component maker will keep investing across its three business lines and has added three new products in the September quarter. What remains unknown is the scale of the future increase and the timing of any new spending.
Why it matters
Sona Comstar said annual investment, now around Rs 500-600 crore, is expected to rise as the company scales up. MD and Group CEO Vivek Vikram Singh said spending will continue across all three business lines, with emphasis on R&D, capacity expansion and new capabilities, and noted three new products were introduced in the September quarter. The report does not give a new capex plan or timeline.