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Tag : Motherson Sumi

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Motherson Sumi FY22 Capex Steady at Rs 2000 Crore; Scaling Up of EV Business

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Group company Samvardhana Motherson Automotive Systems Group BV (SMRPBV) saw its order book increase to EUR 15.6 billion as of March 31, 2021 from EUR 13.1 billion as of September 30, 2020. The share of pure electric vehicle programs in the order book jumped to 25 percent by the end......
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Motherson Sumi Systems Gets Shareholders’ Nod for Proposed Group Restructuring

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Motherson Sumi Wiring India Ltd (MSWIL) will be the largest listed automotive wiring harness player in India with a nationwide manufacturing footprint. April 30, 2021 Auto components major Motherson Sumi Systems Ltd (MSSL) has announced that its public shareholders have voted in favour of its proposed group restructuring under which......
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Motherson Sumi to Acquire Majority Stake in Turkey-based Plast Met Group

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This acquisition marks another step towards the growth and diversification of Vision Systems vertical and the group overall. January 18, 2021 Motherson Sumi Systems Ltd. has announced acquisition of 75 percent stake in two Turkish automotive parts manufacturing companies of the Plast Met Group through its subsidiary Samvardhana Motherson Reflectec......
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Motherson Sumi Signs Strategic Agreement to Acquire Bombardier’s Electrical Wiring Interconnection Systems Business

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The transaction includes the transfer of assets, employees and inventories, on a debt-free and cash-free basis and is valued at around USD 10 million approximately. (subject to customary adjustments). October 20, 2020 Auto component major Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L.......
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Motherson Sumi Explores for New Acquisition Prospects at Low Valuations

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Motherson Sumi Systems (MSSL), the leading global automotive component manufacturing company, has announced its preparedness to tackle the Covid-19 impact, and is exploring growth opportunities that lie ahead. April 17, 2020 According to the media reports, Motherson Sumi has taken a holistic approach to protect the interest of various stakeholders......

Motherson Sumi buys Stoneridge’s wiring harness biz for $65.7 mn

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May 27, 2014 Auto component manufacturer Motherson Sumi Systems Ltd (MSSL) has entered into an agreement to acquire Stoneridge Inc’s wiring harness business for $65.7 million. The acquisition is expected to close in the third quarter of 2014 and the acquired company has a turnover of nearly $300 million. In......