Auto component major Sona BLW Forgings Ltd is working on traction motors and controllers for four-wheelers and higher segments, and expects to share a meaningful update on the same in six to seven months, a senior company official said on Friday.
“The four-wheeler bit is something that we are working on, and hopefully we can say something about it in the times to come. But yeah, it’s closer than one would expect,” Managing Director and Group CEO Vivek Vikram Singh said during an analyst call held to discuss the company’s October–December results.
According to Singh, the four-wheeler segment presents a large opportunity for traction motors and controllers, as the addressable market expands beyond battery-electric vehicles. “Even if you take a small number of vehicles, and I know that for some reason we say that BEV is the only one that has a traction motor, but all plug-in hybrids also have traction motors. If you add that total volume and multiply that by the value of the motor and controller, the addressable market is humongous,” Singh said.
The company said it is still in the product development phase and has not secured a purchase order yet. “So we are working on it, but that doesn’t mean we have a purchase order yet. We are working on all segments, be it four-wheelers and above. Hopefully, in six to seven months, we will have a meaningful update for you,” Singh said.
Sona BLW Forgings has been following a phased approach to entering electric vehicle segments. It started with two-wheelers, then moved to three-wheelers, and has aimed to move to four-wheelers last due to higher competitive intensity.
“We aimed to enter the segment last when we were certain of the capability of our product and the advantages we bring to the customer, and only then would it make sense,” Singh said.
Sona BLW has expanded its EV traction motor presence in two-wheelers and three-wheelers over the last few years. Singh said the company now aims to move up the value curve as electrification widens across vehicle categories.
Oct–Dec Earnings
Sona BLW’s battery-electric vehicle revenue share improved to 33% in the nine months of FY26, up from 30% in the first half, even though BEV revenue declined 14% year-on-year to Rs 795.4 crore, impacted by a weak first quarter.
“BEV revenue share improved meaningfully to 38% in Q3 from 32% in Q2 FY26 and represents our second-best quarter till date in terms of absolute BEV revenue and share,” Singh said.
The company said that it continues to expand its EV order book, with EV programs rising to 64 across 33 customers at the end of Q3 FY26, from 62 programs across 32 customers at the end of Q2. Of these, 33 programs are in production, while 31 are yet to enter production, indicating a strong pipeline for future ramp-ups.
During the quarter, the company said it won two new orders — one from an existing customer for a new variant of electric scooters, and another from a new customer for a hydraulic motor controller developed during the quarter.