Samvardhana Motherson Group Business Report FY ended Mar. 2019
|
Motherson Sumi Systems Ltd. (Flagship company) |
(INR Billion) |
| FY ended March 31, 2019 | FY ended March 31, 2018 | change (%) | |
|
Sales |
625.7 |
558.6 |
12 |
|
EBITDA |
54.0 |
56.3 |
5 |
|
Samvardhana Motherson Reflectec (SMR) |
(EUR Million) |
| FY ended March 31, 2019 | FY ended March 31, 2018 | change (%) | |
|
Sales |
1,604 |
1,575 |
2 |
|
EBITDA |
182 |
183 |
-0.5 |
|
Samvardhana Motherson Automotive Systems Group BV (SMRPBV) |
(EUR Million) |
| FY ended March 31, 2019 | FY ended March 31, 2018 | change (%) | |
|
Sales |
5,278 |
5,024 |
5 |
|
EBITDA |
328 |
374 |
-12.3 |
|
Samvardhana Motherson Peguform (SMP) |
(EUR Million) |
| FY ended March 31, 2019 | FY ended March 31, 2018 | change (%) | |
|
Sales |
3,677 |
3,452 |
7 |
|
EBITDA |
158 |
267 |
-23.0 |
Outlook
-Samvardhana Motherson Group targets to achieve USD 26 billion revenue by 2020. MSSL plans to achieve a topline of USD 18 billion by 2020. The company plans to achieve this target through both organic and inorganic measures.
-The Group also targets that no country, customer or component should be more than 15% of its total turnover.
R&D Expenditures
|
Motherson Sumi Systems Ltd. |
(INR million) |
| FY ended March 31, 2019 | FY ended March 31, 2018 | FY ended March 31, 2017 | |
|
Overall |
277 |
257 |
180 |
|
Overall R&D expenditure as a % of overall sales |
0.37 |
0.34 |
0.26 |
R&D Activities
-Samvardhana Motherson has a group company called Motherson Innovation that is tasked with developing new technologies and creating platforms for new ideas to be launched. It has R&D Centers & Business Development Locations in India, Japan, USA, UK, Australia and Germany.
-Through Its subsidiaries, Samvardhana Motherson Group hold approximately 900 patents. SMG has introduced several high-value solutions, including intelligent electronic mirrors (which has digital image processing built into rear view systems), new generation camera system as well as advanced driver assistance features.
-SMG focus research and development capabilities on four key areas
- Safety: Developing intelligent features to enhance passenger and pedestrian safety, such as integrated sensors, intelligent camera-based object detection solutions, lane departure warning systems and mirror-integrated blind spot warning lights, and mirror replacement camera monitoring systems.
- Environment: Using environmentally-friendly and recyclable materials and reducing component size and weight to minimize material and fuel consumption, such as through the application of lightweight natural fibers in interior systems.
- Performance/efficiency: Optimizing usability through smarter design, the use of new materials and the integration of attractive, value-added features such as vehicle occupant interface displays and controls.
- Aesthetics: Improving the aesthetic features of passenger cars through the introduction of new styling solutions, such as high gloss finishes and decorative metallized surfaces.
Joint Ventures
-In April 2019, Samvardhana Motherson International Limited (SAMIL), has formed a 50:50 joint venture with Hamakyorex Co., Ltd. Through this joint venture, Hamakyorex will not only expand 3PL businesses in Japan but it will increase the size of logistics business within India also. The Capital Stock of this JV is INR 920 million. The JV will start its business in June 2019.
-Samvardhana Motherson Group has 33 joint venture partners.
|
Anest Iwata Corporation |
|
|
Automotive Engineering Services Co. Ltd. |
Matsui Mfg. CO. Ltd. |
|
Bergstrom Inc. |
MS Group |
|
Blanos Partners S.L. |
|
|
Nissin Electric Co. Ltd. |
|
|
Changshu Automobile Interior Decoration Co., Ltd |
Ossia Inc. |
|
Chongqing SMR Huaxiang Automotive Products Limited |
Re-time Pty Limited |
|
Ecompost Pty. Ltd. |
Reterra Inc. |
|
Eissmann Automotive Slovensko s.r.o |
Saks Ancillaries Limited |
| Frigel |
Sintermetal S.A. |
|
Fritzmeier Systems GmbH & Co. |
Sojitz Corporation |
|
Hefei Jianghuai Automobile Co., Ltd. |
Sumitomo Electric Hardmetal Corp. |
|
Hubei Zhengao PKC Automotive Wiring Company Ltd. |
|
|
Jiangsu Huakai Wire Harness Co., Ltd. |
Tianjin SMR Huaxiang Automotive Part Co. Limited |
|
Valeo Thermal Commercial Vehicles Germany GmbH |
|
|
Youngshin Components Co Ltd. |
Upcoming Plants
|
Group Company |
Location |
Type |
Operation |
product |
|
SMR |
Chennai, India |
Relocation & New Facilities |
Q1 FY2019-20 |
Exterior & Interior Mirror, Mirror parts (Actuators) |
|
MSSL |
Ras Al-Khaimah, United Arab Emirates |
Greenfield Plant |
Q1 FY2020-21 |
Wiring harnesses, rear view mirrors for passenger cars, injection molded products and many more |
Award
Fiscal year ended March 31, 2019
|
OEM |
Award |
|
Daimler/ Mercedes Benz |
Partner of the Year (Wiring Harness) |
|
Daimler/ Mercedes Benz |
Excellence in Quality (Modules & Polymer) |
|
Maruti Suzuki |
Overall Performance (Wiring Harness) |
|
Maruti Suzuki |
Part Development (Wiring Harness) |
|
Maruti Suzuki |
Tier 2 Vendor Development (Vision Systems) |
|
Maruti Suzuki |
Performance Award (Vision Systems) |
|
Maruti Suzuki |
Special Support (Modules & Polymer) |
|
Toyota |
Best Cost Performance (Wiring Harness) |
|
Toyota |
Achieving Targets in Delivery (Wiring Harness) |
|
Toyota |
Achieving Targets in Quality (Wiring Harness) |
|
Toyota |
Achieving Targets in Delivery (Vision Systems) |
|
Toyota |
Achieving Targets in Quality (Vision Systems) |
|
Toyota |
Zero PPM (Wiring Harness) |
|
Toyota |
Zero PPM (Vision Systems) |
|
Toyota |
Zero PPM (Modules & Polymer) |
|
Honda Cars |
Excellence in Spare Parts Quality, Cost & Delivery (Wiring Harness) |
|
Honda Cars |
Excellence in Spare Parts Quality, Cost & Delivery (Vision Systems) |
|
Honda Cars |
Environment Award (Modules & Polymer) |
|
Renault |
Best Contribution For New Product Development (Modules & Polymer) |
|
Chery Jaguar Land Rover |
JLRQ Award (Vision Systems) |
|
Nissan |
Supplier Quality Award (Vision Systems) |
|
Ford |
Global Quality Excellence (Vision Systems) |
|
Mahindra |
Business Partner of the Year (Motherson Group) |
|
Mahindra |
Best Product Development Performance (Modules & Polymer) |
|
Hyundai |
Overall Best Performance Award (Wiring Harness) |
|
Hyundai |
Best Performer Award (Vision Systems) |
|
SsangYong Motor’s |
Supplier of the Year (Vision Systems) |
|
Navistar |
Diamond Supplier of the Year (Wiring Harness) |
|
Volvo Eicher |
New Product Development (Wiring Harness) |
|
Ashok Leyland |
Best in Class Performance in Quality, Cost & Delivery (Wiring Harness) |
|
Tata Motors |
Quality Excellence Award (Wiring Harness) |
|
Paccar |
SPM Leader & Achiever Award (Wiring Harness) |
|
SAIC Maxus |
Excellent Supplier (Wiring Harness) |
|
SAIC Maxus |
Quality Contribution Award (Wiring Harness) |
|
Foton Group |
Excellent Supplier (Wiring Harness) |
|
Foton Group |
Gold Award After-Sale Services (Wiring Harness) |
|
Foton Group |
Significant Progress Award (Wiring Harness) |
|
JAC Group |
Excellent Supplier Award (Wiring Harness) |
|
JAC Group |
Advanced Field Management Award (Wiring Harness) |
|
JAC Group |
Order Delivery Guarantee Award (Wiring Harness) |
|
JAC Group |
Launch Contribution Award (Wiring Harness) |
|
JAC Group |
Cooperation with JAC to Win Award (Wiring Harness) |
|
JAC Group |
Brand upwards Matching rate Award (Wiring Harness) |
|
DFM Group |
Best Supplier Award (Wiring Harness) |
|
DFM Group |
Best Supplier Award (Wiring Harness) |
|
Motor Coach Industries |
Supplier Performance (Wiring Harness) |
|
Yamaha |
Excellence Award for Quality (Wiring Harness) |
|
Suzuki Motorcycles |
Consistent Quality Performance Award (Wiring Harness) |
|
SANY Group |
Strategic Alliance Award (Wiring Harness) |
|
SANY Group |
Best Supplier Award (Wiring Harness) |
|
Tata Hitachi |
Sustained Performance on Quality (Wiring Harness) |
|
Komatsu |
Best Performance in Delivery (Wiring Harness) |
|
John Deere |
Achieving Excellence in Partner Level Performance (Wiring Harness) |
|
Caterpillar |
Best "APQP Development" Performance Award (Wiring Harness) |
|
CNH Industrial |
Supplier Excellence Award (Wiring Harness) |
|
Hyster Yale |
Certificate of Merit Quality & On-Time Delivery (Wiring Harness) |
|
Asahi India |
Zero Defect (Wiring Harness) |
|
SPE Automotive |
SPE Innovation Award (Modules & Polymer) |
|
INSSAN |
Excellence Award (Vision Systems) |