Samvardhana Motherson Group
Company Profile
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Business Overview
-The Company designs, produces, and sells components, systems and modules for the automotive and commercial vehicle industries.
-The Company has operations in 41 countries across North America, South America, Europe, South Africa, Middle East, Asia Pacific and Australia. Its broad range of products are manufactured in more than 350 facilities.
-The Company has moved to a 3+1 (Wiring Harness, Modules and Polymer Products, Vision System + Emerging Business) reporting structure with focus towards business divisions, wherein top 3 businesses contribute more than 90% of the business, where as Emerging Business includes Elastomers, Lighting and Electronics, Services and non-automotive business.
| Wiring Harness | Vision Systems | Modules & Polymer Products | Emerging Business |
| This company is a leading supplier of wire harnesses for passenger cars in India. The company also sells wire harnesses for medium and small commercial vehicles in China, North America, and Europe. The company entered the wire harness business in 1986 through a joint venture with Japan's Sumitomo Wiring Systems, and in 1997, the company established a joint venture company with the Korean supplier Kyungshin. Additionally, they have three joint venture companies in China. | In the Vision Systems division, this company provides exterior mirrors, interior mirrors, and camera-based detection systems. The company also engages in the development of components for vision systems, including light units, electrical drive units, camera modules, electronic modules, and reflective glass modules. In China, the company supports the manufacturing of rearview mirrors through a joint venture with Ningbo Huaxiang Electronics Co., Ltd. | This company manufactures interior and exterior components, ranging from plastic parts and assemblies to modules. The company are involved in producing ventilation systems, smart surfaces, lighting modules, and even molds. | -Integrated Assemblies -Elastomers -Lightning & Electronics -Precision Metals & Modules -Technology & Industrial Solutions -Logistics Solutions -Aerospace -Health & Medical -Services |
-We conducted an interview with the company's CEO at the 2015 Tokyo Motor Show. You can view it by clicking on the following icon.
Shareholders
-The Company is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
| Motherson Sumi Systems Ltd. (Flagship company) | (As of Mar. 31, 2023) |
|
Shareholding Category |
Shareholding Ratio (%) |
| Public & other | 35.2 |
| Sumitomo Wiring System | 14.3 |
| Sehgal Family | 50.5 |
| Total | 100.0 |
Products
| Product | Manufacturing Company | |
| Wiring Harnesses | Wires Terminals Connectors Caps and sleeves Grommets Clamps and binders Junction boxes Fuse boxes Protectors Relay boxes Wire seals High tension cords Battery cables Mechanical assemblies in house production of mechanical parts Power distribution modules in products Electrical cabinets Power packs Converters Drivers desks Other components for rolling stock |
-The wiring harness division has 102 plants in 21 countries Kyungshin Industrial Motherson Pvt. Ltd. (KIML) Motherson Electric Wires Lanka Pvt. Ltd. (MWL) Motherson Sumi Auxiliary Products (MSAP) Motherson Sumi Electric Wires (MSEW) Motherson Sumi Wiring India Ltd. (MSWIL) MSSL (GB) Ltd. (MSSL GB) MSSL Ireland Pvt. Ltd. MSSL Mideast FZE (MSSL ME) MSSL Wiring System Inc. (MWSI) PKC Group Ltd. Wisetime Oy |
| Modules & Polymer Products |
Interior products Exterior products Under-bonnet products |
-The division has 117 plants in 25 countries CTM India Ltd. (CTMIL) Motherson Automotive Technologies & Engineering (MATE) Motherson Molds and Die Casting Ltd. (MMDL) Motherson Polymer Solutions (MPS) MSSL Advanced Polymers s.r.o (MSP CZE) MSSL Global RSA Module Engineering Ltd. (MSSL Global RSA) MSSL Tooling (FZE) (MTL) Saddles International Samvardhana Motherson Innovative Autosystems Ltd. (SMIA) Samvardhana Motherson Peguform (SMP) Samvardhana Motherson Reydel Companies (SMRC) SMIIEL (a unit of Motherson Sumi Systems Ltd.) Vacuform 2000 (Pty) Limited |
| Vision Systems |
Exterior Mirrors Interior Mirrors Camera monitoring systems |
-The vision system division has 39 plants in 18 countries |
| Elastomers |
Door Grommets |
-The division has 5 plants in 2 countries Motherson Automotive Elastomers Technology (MAE) |
| Precision Metals & Modules |
Modules Precision machining Metal parts Sheet metal parts |
-21 plants in 2 countries Frigel Intelligent Cooling Systems India Pvt. Ltd. (FICS) |
| Lighting & Electronics | Lighting Systems Headlamps Day Time Running Lights Fog Lamps Rear combination lamps CHMSL Air Intake Manifold Assembly and Pedal box assembly Shock absorbers Paint coating solutions Clutch for car AC compressors Aluminum die-casted parts Cylinder block parts Cylinder head parts Bedplate Chaincase Oil filter adapter parts Parts for water pump and oil cooler cover Parts for throttle body, EGR valve and powertrain |
-The division has 17 plant in one country Anest Iwata Motherson Coating Equipment Private Limited (AIMC) Anest Iwata Motherson Private Limited (AIM) Calsonic Kansei Motherson (CKM) Marelli Motherson Auto Suspension Parts Pvt. Ltd. (MMSA) Marelli Motherson Automotive Lighting India Pvt. Ltd. (MMLI) Samvardhana Motherson Auto Component (SMAC) Samvardhana Motherson Auto Systems (SMAS) Youngshin Motherson Auto Tech ltd. (YMAT) |
| Integrated Assemblies | Cockpit modules Interior solutions Consoles Headliners Door panels Exterior Front-end modules |
-The division has 24 plant in 12 countries Motherson SAS |
History
| 1975 | Motherson Group was founded |
| 1977 | First cable factory started |
| 1983 | Technical agreement with Tokai Electric Co. (Now Sumitomo Wiring Systems-Japan) Wiring Harness |
| 1986 | Establishment of Motherson Sumi Systems Limited (MSSL), in joint venture with Sumitomo Wiring Systems, Ltd., Japan |
| 1999 | First Overseas Office established (Austria) |
| 2000 | JV for IT, Engineering & Design company in India Representative Office at Singapore |
| 2002 | Acquisition of assets of Wexford electronics for manufacturing of wiring harnesses for material handling and earthmoving equipment Design Centre at Ireland |
| 2003 | Offices in USA & UK established |
| 2004 | Established European headquarter at Germany |
| 2005 | JVs for Metal Machining in Germany, Environment Management Systems and Automotive Manufacturing Engineering Acquisition of Plastic Injection Moulding and machining business in Germany |
| 2006 | Wiring Harness Manufacturing in UK through acquisition of assets Acquisition of Plastic Injection Moulding company in Czech Republic Acquisition of Door Trim Business, Australia JVs for Bus Air-conditioning Systems, Auxiliary Equipment for Injection moulding machines |
| 2007 | Acquisition of rubber moulding business in Australia JVs for o HVAC systems for passenger cars, Bimetal band saw blades, and Thin film coating metals |
| 2008 | JV for Lighting Systems, Pedal Box Assembly & Air Intake manifolds, and precision machined metal components |
| 2009 | Acquisition of rearview mirror business of Visiocorp. The new company is now known as Samvardhana Motherson Reflectec (SMR) |
| 2010 | JV for HVAC Systems for commercial vehicles & Off highway vehicles |
| 2011 | Acquisition of Peguform, it is known as Samvardhana Motherson Peguform (SMP) Acquisition of Vacuform 2000 (Pty) Limited |
| 2012 | Acquisition of Sintermetal S.A., Spain |
| 2013 | JV with Nippon Pigment(s) Pte. Ltd., Singapore and Toyota Tsusho Corporation, Japan JV with Eissmann Automotive , Slovakia |
| 2014 | Acquisition of wiring harness business of Stoneridge Inc. Acquired 50% stake to form a JV with Magnetti Marelli Shock Absorbers India Pvt. Ltd |
| 2015 | Acquisition of assets of Scherer & Trier Acquisition of the assets of Esslingen (Germany) plant of Minda Schenk Plastic Solutions GmbH |
| 2016 | Acquisition of automotive business Unit of Abraham es Tarsa Kft. (Abraham and Co. Ltd) Hungary |
| 2017 | Acquisition of Kobek Siebdruck GmbH & Co. KG, Germany Acquisition of PKC Group PLC, Finland |
| 2018 | Acquisition of MS Global India Pvt. Ltd. Joint Venture with Ossia Inc. to bring Real Wireless Power technology |
| 2019 | Joint Venture with Hamakyorex Co., Ltd. |
| 2020 | Motherson Group reorganization plan approved which entails demerger of ”Domestic Wiring Harness” (DWH) business from MSSL into a new company which is in the process of being incorporated as a wholly owned subsidiary of MSSL and subsequent merger of SAMIL into MSSL to consolidate 100% shareholding in Samvardhana Motherson Automotive Systems Group BV (SMRP BV). |
| Dec. 2020 | Invested in Aira, Inc. . USA to accelerate the development of advanced wireless charging technologies |
| Oct. 2021 | SMRPBV acquired majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd. |
| Nov. 2021 | SMP Automotive opened new plant in Serbia |
| Mar. 2022 | Flagship company Motherson Sumi Systems Limited (MSSL) spun off its wire harness business to form Motherson Sumi Wiring India Limited (MSWIL) |
| Jun. 2022 | Motherson Sumi Systems Limited (MSSL), the flagship company of the Group, changed its name to Samvardhana Motherson International Limited |
| Jul. 2022 | Completed construction of a plant dedicated to wire harnesses for Suzuki in Hamamatsu, as well as a design center for the entire Motherson Group, focusing on engineering for wire harnesses, polymers, and mirrors. |
| Sep. 2022 | New plant opened in Požarevac, Serbia, to manufacture wire harnesses for Daimler trucks |
| Oct. 2022 | Opened a new plant in Tangier (Morocco) for the Modules and Polymer Products Division |
| Feb. 2023 | Completed acquisition of Daimler India Commercial Vehicles (DICV) 's frame manufacturing and assembly operations |
| Mar. 2023 | Established Motherson Electronic Components Private Limited (MECPL) |
| Jul. 2023 | Acquired 51% of the shares of Saddles International Automotive and Aviation Interiors Private Limited (SIAAIPL). |
| Jul. 2023 | Acquired SAS Cockpit Module Division from Forvia |
| Sep. 2023 | Opened a new wire harness plant in the Ras Al Khaimah Economic Zone (RAKEZ) in the UAE |
