Samvardhana Motherson International Limited (Motherson) reveals a series of acquisitions to boost its non-automotive businesses, focusing on the aerospace and health sectors. This move aligns with their approach to fortify their non-automotive avenues and foresees robust future growth. Boosting Aerospace Competence Acquisitions Strengthen Aerospace Services In 2023, Motherson achieved four significant acquisitions in the Aerospace […]
Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, formally inaugurated Motherson’s new wiring harness manufacturing facility in Ras Al Khaimah Economic Zone (RAKEZ). The inauguration also welcomed Vivek Chaand Sehgal, Chairman of Motherson, and Sheikh Mohammed bin Humaid Al Qasimi, Managing Director of RAKEZ, among other government […]
Samvardhana Motherson International Limited (SAMIL), a supplier to the automotive and non-automotive industry, has announced the acquisition of a 100% stake in Rollon Hydraulics Private Limited for INR 103 crores in an all-cash deal. The deal is likely to be closed in Q2 FY24, subject to satisfactory completion of conditions precedent to closing. Rollon Hydraulics, […]
French automotive supplier Faurecia, a FORVIA Group company, will divest SAS Autosystemtechnik, a cockpit modules business, to Samvardhana Motherson International, an Indian automotive industry company, for €540 million. The cockpit module integrator, which is based in Germany, caters to the automotive industry with assembly and logistics services. Created in 1996 as a joint venture between […]
