Sona Comstar expects annual investments to rise as business grows: MD
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sona Comstar expects annual investments to rise as the business grows, said MD Vivek Vikram Singh.
- ✓The company currently spends ₹500-600 crore yearly on R&D and capacity.
- ✓"Annual investment is currently around ₹500-600 crore.
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- MARKET
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- Business Standard
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- 4 Minute(s)
- Market Focus
- India Economy
Auto component maker Sona BLW Precision Forgings Ltd (Sona Comstar) expects its annual investments, currently at ₹500-600 crore, to rise as it scales up operations, with a focus on R&D, capacity expansion and new capabilities, its Managing Director and Group CEO Vivek Vikram Singh said.
In an interview to PTI, Singh shared that the company will continue investing across all its three business lines, adding that it had introduced three new products during the September quarter.
"Annual investment is currently around ₹500-600 crore. This should increase as we grow over the decade," he said.
Singh said investments would cover multiple areas, including R&D, capacity additions, capability additions and new processes, with the company focusing on developing entirely new products.
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