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, […]
Samvardhana Motherson International Limited (SAMIL), through its fully owned subsidiary, SMRP B.V.’s SAHN B.V., has signed an agreement to secure an 81% stake in Yachiyo Industry Co. Ltd’s four-wheeler (4W) business. This acquisition will result in an 81:19 strategic alliance between Motherson and Honda Motor, aimed at driving the company towards a robust and sustainable […]
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 […]
Motherson Sumi Systems Limited (MSSL) said that it has acquired a 55% stake in CIM Tools Private Limited, a Bengaluru-based supplier in the aerospace supply chain. The transaction marks the foray of the Indian automotive component manufacturer into the aerospace industry in line with its growth strategy to enter into the non-automotive sectors as outlined […]
Motherson Sumi Systems Limited (MSSL) said that it has wrapped up the acquisition of the electrical wiring interconnection systems (EWIS) business of Bombardier Transportation in Huehuetoca, Mexico. The acquisition valued at about $10 million was announced in October 2020 by the Indian automotive component manufacturer. It was executed by the company’s Mexican subsidiary – Motherson […]