Motherson Sumi Systems Limited
The size of India's auto component industry is US$ 57 billion with exports of US$ 15 billion.
Motherson Sumi Systems Limited (MSSL), the flagship company of the Samvardhana Motherson Group, was established in 1986 in partnership with Sumitomo Wiring Systems, Japan. MSSL, including its subsidiaries and JVs, is one of the leading manufacturers of automotive wiring harnesses and mirrors for passenger cars, and is also a leading supplier of plastic components and modules to the automotive industry.
Its broad business portfolio includes wiring harnesses, mirrors for passenger car, injection moulded products, modules including dashboards, door trims, bumpers, blow moulded components, liquid silicone rubber moulded components, injection moulding tools, extruded rubber products, precision machined metal components, and waste recycling systems.
Over the years, MSSL has successfully collaborated with global technology leaders to further enhance its competency to create technologically sound products in its state-of-the-art facilities and infrastructure to ensure superior efficiencies & total customer satisfaction.
Company Website: www.motherson.com
Motherson Sumi Systems Limited – Believe you can and you are halfway there
| 2022 | In February 2022, Motherson and Valeo signed a partnership agreement to create automotive interior for the future. |
| 2021 | In October 2021, Motherson Sumi and Marelli had extended cooperation to build India’s first of a kind tool room dedicated to specific lighting applications. In October 2021, Motherson Sumi have entered the aerospace industry and acquired two companies. In August 2021, Motherson Sumi ad launched their first-ever sustainability project. In July 2021, Samvardhana Motherson Automotive Systems Group BV (SMRPBV), a Motherson Group company, signed an MoU with Marelli Automotive Lighting to explore a new technological partnership focused on smart illuminated exterior body parts. In February 2021, Motherson and FORCIOT collaborated to embed FORCIOT’s sensor technology in automotive surface design solutions. In January 2021, Daimler India Commercial Vehicles (DICV), in collaboration with Motherson Group, launched the BharatBenz ‘BSafeExpress’, a specialised reefer truck, that will be used to safely transport COVID-19 vaccines. |
| 2020 | Motherson Sumi Systems Limited announced the signing of a sale and purchase agreement to acquire the Electrical Wiring Interconnection Systems business of Canadian firm, Bombardier Transportation in Mexico |
| 2019 | Acquisition of Bombardier’s UK rolling stock electrical component and systems business |
| 2018 | Acquisition of Reydel Automotive Group for interior components which includes instrument panels, door panels, console modules, decorative parts and cockpit modules Acquisition of Bombardier’s UK rolling stock electrical component and systems business |
| 2017 | Joint Venture with Youngshin Components Co. Ltd. (YMAT) for manufacturing of electro-magnetic clutch for car air-conditioner compressor. Acquisition of PKC Group PLC, Finland, wiring harness business for heavy duty commercial vehicles |
| 2016 | Acquired the automotive business unit of Hungarian auto component manufacturer Abraham es Tarsa Kft (Abraham and Co Ltd) |
| 2015 | Secured a supply order worth Rs 15,400 crore (US$ 2.52 billion) from German auto major Daimler |
| 2014 | Acquired 50 per cent stake to form a Joint Venture (JV) with Magnetti Marelli Shock Absorbers India Pvt Ltd |
| 2009 | Completed acquisition of rear-view mirror business of Visiocorp |
| 2004 | Joint Venture with Japan-based Miyazu Seisakusho Company Ltd, one of the largest car body die manufacturers in the world, for design, sale and eventual manufacture of car body dies in India |
| 1998 | Sets up plant for manufacturing of Blow Moulded Auto Components and Door Panels |
| 1993 | Listed on stock exchanges in India |
| 1987 | Acquired Noida Steel Fabrics Ltd and commenced production of plastic and steel components used in the integrated wiring harness |
| 1986 | Establishment of Motherson Sumi Systems Limited (MSSL) as a Joint Venture (JV) between Samvardhana Motherson Group and Sumitomo Wiring Systems Ltd, Japan |
- Operations in 41 countries
- Consolidated total income of Rs. 64,031.66 crore (US$ 8.22 billion) in FY22.
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