Motherson Sumi Systems Limited
The Government aims to double its exports of Auto Components to US$ 30 billion by 2026.
Samvardhana Motherson was established in 1986 as a joint venture with the Sumitomo Group of Japan. The Company is a full system solutions provider to customers in automotive and other industries. It has a diversified product portfolio, which includes electrical distribution systems, fully assembled vehicle interior and exterior modules, automotive rear vision systems, moulded plastic parts and assemblies, injection moulding tools, moulded and extruded rubber components, lighting systems, electronics, precision metals and modules, Industrial IT solutions and services and technologies, such as telematics and others.
Its segments include Wiring harness, Modules and polymer products, and Emerging businesses. Emerging businesses comprise elastomers, lighting & electronics, precision metals & modules, technology & industrial solutions, logistics solutions, aerospace, health & medical, and services operations of the Company.
- Operations in 41 countries
- Consolidated total income of Rs. 20,226.22 crore (US$ 2.44 billion) in the third quarter of FY23.
Motherson Sumi Systems Limited – Believe you can, and you are halfway there
| Year | Milestone |
|---|---|
| 2023 |
In March 2023, Samvardhana Motherson acquisition of the remaining 50% stake of Fritzmeier Motherson Cabin from F Holdings GmbH, Austria. In March 2023, Samvardhana Motherson Automotive Systems — a subsidiary of Samvardhana Motherson International Limited fully acquired SMR Jersy as its stake in SMR Jersy surged to 100% in the latest 1.55% stake buy. In January 2023, Samvardhana Motherson International Ltd acquire a 51% stake in Saddles International Automotive and Aviation Interiors Pvt Ltd for an enterprise value of US$ 25.29 million (Rs. 207 crore). |
| 2022 |
In February 2022, Motherson and Valeo signed a partnership agreement to create automotive interior for the future. |
| 2021 |
On October 2021, Motherson Sumi and Marelli had extended cooperation to build India’s first of a kind tool room dedicated to specific lighting applications. On October 2021, Motherson Sumi have entered the aerospace industry and acquired two companies. On 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 include 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 |
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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% 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 |
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