Weeks after death of Sunjay Kapur, his company Sona Comstar planning to challenge China by…
Weeks after Sunjay's death, his company is directly challenging China by starting local manufacturing of crucial components for electric vehicles.
In a chief construction, Sona Comstar, India’s greatest importer of uncommon earth magnets, plans to open local manufacturing of main substances for electric autos amid rising world concerns over China’s export restrictions. Readers should famend that China controls about 90% of world uncommon earth magnet provide, imposed export curbs in April according to US tariffs and by taking the hot step, Sunjay Kapur’s company is straight demanding China.
Irrespective of the hot US-China deal which will ease export approvals, nations love India are accelerating efforts to decrease dependence on China. With the enviornment’s third-greatest car market and main uncommon earth reserves, India is getting ready a brand new incentive program to steal home magnet production.
“Being the greatest importer of uncommon earth magnets, we are the single greatest affected celebration within the country. Now we would like to stare at India’s self-sufficiency on magnets and are working with the authorities on it,” Sona Comstar CEO Vivek Vikram Singh urged Reuters in an interview.
Who change into Sunjay Kapur?
Sunjay Kapur change into a visionary chief who tirelessly advocated for India’s manufacturing and mobility sectors, stated Sona Comstar, following his death leisurely in London, UK. Kapur, Fifty three, chairman and non-executive director of leading auto substances producer Sona BLW Precision Forgings Ltd (Sona Comstar), passed away after struggling a heart attack in England. The incident occurred whereas he change into taking part in polo.
How Sunjay Kapur tirelessly advocated for India’s manufacturing
It is with profound sorrow that we squawk the untimely passing of Sunjay J Kapur, Chairman and Non-Govt Director of Sona Comstar, following a surprising heart attack in England, UK, on June 12, 2025, on the age of Fifty three,” the corporate stated in an announcement issued on social media platform X. Calling Kapur a “visionary chief”, the corporate famend that he “played a pivotal role in shaping Sona Comstar right into a world mobility technology company built on innovation, sustainability, and cause”.
“His ardour, foresight, and relentless commitment to excellence inspired all people who had the privilege of working with him. “Beyond his skilled accomplishments, Kapur change into a valid father, a mentor to many, and a tireless imply for India’s manufacturing and mobility sectors. His loss is deeply felt across the industry and interior the Sona Parivar,” the assertion stated.
(With inputs from companies)
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