Samvardhana Motherson International Ltd (formerly known as Motherson Sumi Systems Ltd) is an Indian multinational manufacturer of automotive components, based in

Noida Noida (), short for New Okhla Industrial Development Authority (ISO: ), is a city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. As per provisional reports of Census of India, the population of Noida in 2011 was ...

. It makes wiring harnesses, plastic components and

rearview mirror A rearview mirror (or rear-view mirror) is a, usually flat, mirror in automobiles and other vehicles, designed to allow the driver to see rearward through the vehicle's rear window (rear windshield). In cars, the rearview mirror is usually af ...

s for passenger cars. The company was established in 1986 as a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

with the

Sumitomo Group The is a Japanese corporate group and ''keiretsu'' that traces its roots to the ''zaibatsu'' groups that were dissolved after World War II. Unlike the ''zaibatsu'' of the pre-war period, there is no controlling company with regulatory power. In ...

of Japan.

History

1975-1999

In 1975, Vivek Chaand Sehgal and his mother established the Motherson Group as a silver trading business. Two years later, Sehgal set up a

power cable A power cable is an electrical cable used specifically for transmission of electric energy, electrical power. It is an assembly of one or more electrical conductors, usually held together in a single bundle with an insulator (electricity), insu ...

s factory. A collaboration with Tokai Electric Co. (now Sumitomo Wiring Systems) in 1983 led to the incorporation of Motherson Sumi Systems in 1986, primarily as a wiring harness manufacturer for

Maruti Udyog Maruti Suzuki India Limited is a publicly listed Indian subsidiary of Japanese automaker Suzuki Motor Corporation. It is the largest automobile manufacturer in India, specialising in small cars. The company was established by the Government ...

. The company was listed in 1993 on BSE and subsequently on NSE.

2000-2019

Motherson Sumi Systems went on to acquire several companies, the first being in 2002 when it acquired the assets of the bankrupt Irish company Wexford Electronics, a manufacturer of wiring harnesses for material handling and earthmoving equipment. In 2006, it purchased the Australian company Empire Rubber. In 2009, it acquired the global

business of the world's largest rearview mirror maker (now renamed as Samvardhana Motherson Reflectec). In 2011, it acquired the German interior and exterior polymer modules maker (now named Samvardhana Motherson Peguform). In 2014, it bought the wiring harness business of Stoneridge Inc for $65.7 million. This was followed by the acquisition of Finnish electrical distribution systems manufacturer in 2017 for $619 million, French interior components maker Reydel Automotives (now named Samvardhana Motherson Reydel Companies) in 2018 for $201 million, and

Bombardier Transportation Bombardier Transportation was a Canadian rolling stock and rail transport manufacturer, with headquarters in Toronto and Berlin. It was one of the world's largest companies in the rail vehicle and equipment manufacturing and servicing industry. ...

's UK electrical component and systems business in 2019.

2020-present

In 2020, the domestic wiring harness business was restructured under a newly-incorporated, wholly-owned subsidiary of Motherson Sumi Systems called Motherson Sumi Wiring India Limited (MSWIL). MSWIL was subsequently demerged and became a listed company in 2022. At the time of its listing, Samvardhana Motherson International held a 33.4% stake in MSWIL, while 25.3% was held by Sumitomo Wiring Systems, 3% by Sehgal family and the rest by public investors. After this demerger, the holding company of the group Samvardhana Motherson International Limited, which held stakes in Motherson Sumi Systems and the unlisted global components maker Samvardhana Motherson Automotive Components Group BV (SMRPBV), was merged into Motherson Sumi Systems; the merged entity was renamed as Samvardhana Motherson International Limited. After the merger, Sehgal family held a 50.4%

majority stake A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion. A majority of voting shares (over 50%) is always a controlling interest. When a party holds less than the maj ...

in the merged entity followed by Sumitomo Wiring Systems at 17.7%. In 2022, the company acquired Ichikoh's mirror manufacturing division for . Samvardhana Motherson's notable acquisitions in 2023 include 51% stake in Saddles International, an Indian automotive upholstery company, for ; 100% of SAS Autosystemtechnik, a German automotive cockpit manufacturer, from

Faurecia Forvia SE (stylized in all-uppercase), formerly Faurecia SE, is a French global automotive supplier headquartered in Nanterre, in the western suburbs of Paris. In 2022 it was the 7th largest international automotive parts manufacturer in the worl ...

at an enterprise value of €540 million; 81% stake in the four-wheeler business of , a

Honda commonly known as just Honda, is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan. Founded in October 1946 by Soichiro Honda, Honda has bee ...

Group company, for ; and the insolvent German automotive supplier for €118.3 million.

Products

The products manufactured by Samvardhana Motherson Group comprises wiring harnesses (electrical distribution systems), rearview mirrors, moulded plastic parts including car interior and exterior parts, bumpers, dashboards and door trims, complete polymer modules, rubber components for automotive and industrial applications, high precision machined metal parts and injection moulding tools.

References

{{Automotive industry in India Auto parts suppliers of India Manufacturing companies based in Noida Companies established in 1986 1986 establishments in Uttar Pradesh Indian companies established in 1986 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange