Motherson Sumi subsidiary buys 60% stake in Chinese auto mirror manufacturer
Motherson Sumi Systems said that its subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has closed the acquisition of a majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror by Ningbo SMR Huaxiang Automotive Mirrors Ltd. (SMR NBHX). SMR NBHX is a 50:50 joint venture in China between its subsidiary Samvardhana Motherson Reflectec (SMR) and […]