Motherson Group plans joint venture with Egtronics, Korea for vehicle power electronics
On June 19, Samvardhana Motherson International Limited (SAMIL) announced that its board of directors approved the execution of a joint venture agreement (JVC) with Egtronics Co. Ltd., South Korea. SAMIL will have 51% shares in JV while Egtronics will have 49%.
The JVC will be consolidated by SAMIL. The new company