As auto-ancillary companies come into focus on an expected boom in auto sales, Sona Koyo Steering will be on investors’ radars. This maker of steering systems for automobile firms such as Maruti Suzuki, has diversified into tractors. Its new and easier-to-handle steering system has been successfully deployed by Escorts and M&M. This will add to the topline and bottomline. Besides, a joint venture with Fuji Heavy has been sold and ₹54.75 crore realised.
Sona Koyo Steering in drivers’ seat
Published on
June 16, 2014 15:50