Sona BLW Precision Forgings has become the first automotive component manufacturer to receive certification under the auto production linked incentive (PLI) scheme.
The company had filed seven applications for different products under the PLI scheme, and it has received the certification for its first product, a hub wheel drive motor for electric two-wheelers, Sona Comstar said in a regulatory filing.
Stocks in focus today: Markets seem to be running out of steam as the Q4 results are soon coming to an end. Bharti Airtel, Bank of Baroda, Sona Comstar, Jindal Steel, IOC among stocks to watch on Wednesday, May 17, 2023.