Sona targets East for growth

Sona currently relies heavily on North America and Europe for 66% of its revenue. India contributes 28%.

• It’s current focus regions in the West (America and Europe) are plateauing and hence the Company is looking to expand into China, Japan, and South Korea.
• The targets are all 3 segments – electric, hybrid as well as ICE.
• The Company is also diversifying into new mobility businesses and technologies to fuel future growth, including railway equipment, sensors, and telematics.
  • Recently the Company had acquired Railway Equipment Division from Escorts.

The Company is targeting half of it’s revenues from East in the next 5 years.