Sona Comstar will invest ₹500–600 crore this financial year to expand manufacturing capacity and develop new products after building a ₹24,000-crore net order book, equivalent to 5.4 times FY26 revenue, Group CFO Rohit Nanda told businessline in an exclusive interaction.
“Our capex this year will be around ₹500–600 crore. Out of that, around ₹100–150 crore will go into Robotics and Physical AI,” Nanda informed.
Around ₹100–150 crore of the planned investment will be directed towards the company’s newly created Robotics and Physical AI business, funding manufacturing equipment, engineering capability and product development.
The order book is led by electric mobility, with EV programmes accounting for ₹15,400 crore, or 64 per cent of the backlog, spread across 46 programmes and 30 customers. The Robotics and Physical AI vertical has already secured an ₹800 crore order book, showcasing management’s decision to invest behind the business.
The investment marks the first major capital allocation under Sona Comstar 2.0, the company’s strategy to replicate the tenfold revenue growth achieved between FY15 and FY25 by expanding into robotics, intelligent mobility systems and eastern markets.
“Q1 FY27 marks the unveiling of Sona Comstar 2.0—our ambition to grow tenfold again over the next decade,” Managing Director Vivek Vikram Singh said.
The company believes FY27 growth will exceed the roughly 25 per cent annual pace implied by that long-term target. “If we talk about this year, we should actually be growing faster than that,” Nanda said, citing healthy customer schedules, particularly in India’s fast-growing electric-vehicle market.
The strategy builds on a model that has already reshaped the business. Products developed organically now contribute more than 35 per cent of revenue, while acquisitions and earlier inorganic additions account for over 40 per cent, reducing dependence on the company’s legacy driveline business.
Sona Comstar reported record quarterly revenue of ₹1,310 crore in Q1 FY27, up 54 per cent year-on-year. EBITDA rose 49 per cent to ₹303 crore and profit after tax increased 45 per cent to ₹181 crore. Battery-electric vehicle revenue jumped 107 per cent, lifting BEV’s share of automotive revenue to a record 44 per cent despite weakness in the US EV market, reflecting broader diversification across customers and geographies.
Unlike many manufacturers still evaluating robotics opportunities, Sona Comstar has begun commercialising the business.
Its ₹800-crore robotics order book includes advanced robotics subsystems, radar perception software and autonomous mobile robots.
Rather than focusing only on complete robots, the company is targeting the wider value chain through motors, gearboxes, actuators, sensors and software.
“We already have an order where production starts within this financial year. That is where most of the machinery capex will go,” Nanda said.
The company is also investing ₹20–30 crore to develop its own autonomous mobile robot platform and expects robotics to become a meaningful business over the next three to four years.
Alongside robotics, Sona Comstar has formed two joint ventures with Japan’s DENSO to manufacture next-generation electric and hybrid powertrain systems, giving it access to advanced technology, intellectual property and a wider customer base.
The company has about ₹1,500 crore in cash and expects to receive more than ₹800 crore from DENSO’s investment in its two- and three-wheeler powertrain business, providing additional capacity for acquisitions.
“We continue evaluating opportunities, particularly in automotive and railways, but nothing is at a stage where we can disclose it,” Nanda said.
Published on July 26, 2026
