Samvardhana Motherson Group Business Report FY ended Mar. 2020
| Motherson Sumi Systems Ltd. (Flagship company) | (INR Billion) |
| FY endedMarch 31, 2020 | FY ended March 31, 2019 | change (%) | |
| Sales | 625.7 | 625.7 | 0.0 |
| EBITDA | 53.9 | 55.3 | (2.5) |
| Samvardhana Motherson Reflectec (SMR) | (EUR Million) |
| FY endedMarch 31, 2020 | FY ended March 31, 2019 | change (%) | |
| Sales | 1,548 | 1,611 | (3.9) |
| EBITDA | 185 | 188 | (1.6) |
| Samvardhana Motherson Automotive Systems Group BV (SMRPBV) | (EUR Million) |
| FY endedMarch 31, 2020 | FY ended March 31, 2019 | change (%) | |
| Sales | 5,603 | 5,312 | 5.5 |
| EBITDA | 336 | 335 | 0.0 |
| Samvardhana Motherson Peguform (SMP) | (EUR Million) |
| FY endedMarch 31, 2020 | FY ended March 31, 2019 | change (%) | |
| Sales | 4,057 | 3,704 | 9.5 |
| EBITDA | 163 | 159 | 2.5 |
Outlook
Vision 2025
-MSSL has launched sixth five-year plan. The five-year plan is an important tool for MSSL, to bring together the entire organisation and to focus on a common goal. Vision 2025 contains four key objectives, namely to achieve: USD 36 billion revenues in 2024-25 with 40% ROCE (consolidated); 3CX10: No country, customer or component should; contribute more than 10% to our revenue; 75% of revenues from automotive industry, 25% from new divisions; 40% of consolidated profit as dividend.
Re-Organization
-The Board of Directors of the Company at its meeting held on January 30, 2020 granted, in-principle approval for reorganization of business within the group which will, inter alia, demerge domestic wiring harness business of the Company into a newly formed legal entity with mirror shareholding, which shall be listed. Further, the Board in principle approved the proposal to consolidate shareholding in Samvardhana Motherson Automotive Systems Group B.V. (“SMRP BV”) to become 100% under Motherson Sumi Systems Limited (MSSL).
R&D Expenditures
| Motherson Sumi Systems Ltd. | (INR million) |
| FY ended March 31, 2020 | FY ended March 31, 2019 | FY ended March 31, 2018 | |
| Overall | 261 | 277 | 257 |
| Overall R&D expenditure as a % of overall sales | 0.39 | 0.37 | 0.34 |
Award
Fiscal year ended March 31, 2020
| OEM | Award |
| Daimler/ Mercedes Benz | Supplier Award (Wiring Harness) |
| Daimler/ Mercedes Benz | Masters of Quality Supplier Award (Wiring Harness) |
| Daimler/ Mercedes Benz | Best Quality Supplier Zero PPM (Wiring Harness) |
| Jaguar Land Rover | Quality Excellence (Vision Systems) |
| Renault Nissan | Quality & Customer Satisfaction (Wiring Harness) |
| Toyota | Zero Defect Supplies Zero PPM (Wiring Harness) |
| Toyota | Achieving Targets Delivery (Wiring Harness) |
| Toyota | Achieving Targets Quality (Wiring Harness) |
| Toyota | Zero Defect Supplies Zero PPM (Vision Systems) |
| Toyota | Achieving Targets Quality (Vision Systems) |
| Toyota | Achieving Targets Delivery (Vision Systems) |
| Toyota | Quality Performance Award (Vision Systems) |
| Toyota | Achieving Targets Quality (Modules & Polymer) |
| Toyota | Achieving Targets Delivery (Modules & Polymer) |
| Toyota | Special Recogination for Energy Reduction (Modules & Polymer) |
| Honda Cars | Kaizen Award Productivity Category |
| Honda Cars | Customer Satisfaction and Quality (Wiring Harness) |
| Honda Cars | Certificate of Appreciation (Vision Systems) |
| Honda Cars | Certificate of Excellence Quality, Cost & Delivery (Vision Systems) |
| SAIC GM | SGM Built in Quality (Vision Systems) |
| Hyundai | Quality 5 Star (Vision Systems) |
| Hyundai | New Product Development (Vision Systems) |
| General Motors | Supplier of The Year (Vision Systems) |
| General Motors | Recognition for Program Development (Modules & Polymer) |
| Nissan | Mexicana Supplier Quality (Vision Systems) |
| Volvo | VQE Quality Excellence (Vision Systems) |
| JAC Group | Best Quality Contribution Award (Wiring Harness) |
| Navistar | Diamond Supplier Award (Wiring Harness) |
| Tata Motors | Quality Improvement for Proto Supplies (Wiring Harness) |
| Tata Motors | Energy Champion Award (Wiring Harness) |
| MCI | Silver Perfoming Award (Wiring Harness) |
| Paccar | SPM Leaders Award (Wiring Harness) |
| Paccar | Quality Achievement (Wiring Harness) |
| Paccar | SPM Masters Award (Wiring Harness) |
| Paccar | New Supplier Recognition (Modules & Polymer) |
| Foton Group | Quality Gold Award (Wiring Harness) |
| Foton Group | Excellence Partner Award (Wiring Harness) |
| Foton Group | Best Quality Award (Wiring Harness) |
| Foton Group | Best Quality Contribution (Wiring Harness) |
| SAIC Maxus | Best Supplier Award (Wiring Harness) |
| JMC Group | Excellence Development Partner Award (Wiring Harness) |
| Ashok Leyland | Best Supplier Award (Wiring Harness) |
| Ashok Leyland | Best Poka Yoke (Wiring Harness) |
| Volvo Eicher | Best Supplier New Product Development (Wiring Harness) |
| John Deere | Achieving Excellence Partner-Level Recognition (Wiring Harness) |
| SANY Group | Best Supplier Award (Wiring Harness) |
| SANY Group | Excellent Supplier Award (Wiring Harness) |
| Dongfeng | Brilliant Contribution Award (Wiring Harness) |
| JCB | NQCRPM Award (Wiring Harness) |
| Komatsu | Best in Delivery (Wiring Harness) |
| Caterpillar | Bronze Level in Supplier Quality Excellence Process (Wiring Harness) |
| TAFE | Best Benchmark Quality Award (Wiring Harness) |
| SAME India | Best in VAVE Performance (Wiring Harness) |
| Kobelco | Preferred Business Partner (Wiring Harness) |
| CNH Industrial | Super Award for VAVE (Wiring Harness) |
| Bombardier | Diamond Supplier Award (Wiring Harness) |
| Alstom | Supply Chain Performance Award (Wiring Harness) |
| Honda Motorcycle | Strong CR Efforts in Localization (Wiring Harness) |
| Honda Siel | Supplier Performance (Wiring Harness) |
| SPE Automotive | Automotive Award Part and Components (Modules & Polymer) |
| China Auto Parts & Accessories Corp | Executive Director Unit (Wiring Harness) |
| China Auto Parts & Accessories Corp | Outstanding Enterprise Award (Wiring Harness) |
| China's Automobile Service Industry | Best 10 Enterprise Award (Wiring Harness) |
Acquisitions
| Year | Company | Country | Product Group |
| 2002 | Wexford Electronics | Ireland | Wiring Harness |
| 2005 | Relner Precision | Germany | Metal Component |
| 2005 | G&S Kunststofftechnik GmbH | Germany | Plastic injection molding |
| 2005 | F.P. Formagrau | Czech Republic | Plastic injection molding |
| 2006 | ASL Systems | UK | Wiring Harness |
| 2006 | Huon Corporation | Australia | Door Trim |
| 2007 | Empire Rubber | Australia | Rubber Moulding |
| 2009 | Visiocorp | UK | Rear View Mirror |
| 2009 | Dragger Frost tools | India | Gear Cutting Tools |
| 2011 | Peguform | Germany | Interior and Exterior Polymer Modules |
| 2011 | Vacuform | South Africa | Blow Moulded Component |
| 2012 | Sintermetal SA | Spain | Powder Metal Parts |
| 2014 | Scherer & Trier | Germany | Plastic Parts |
| 2014 | Minda Schenk | Germany | Plastic Molding |
| 2014 | Stoneridge Inc | USA | Wiring Harness |
| 2014 | Magneti Marelli Shock Absorbers Pvt. Ltd. | India | Shock Absorbers |
| 2016 | Abraham and Co. Ltd | Hungary | Plastic Molding |
| 2017 | PKC Group | Finaland | Wiring Harness |
| 2017 | Kobek Siebdruck GmbH & Co. KG | Germany | Illumination Solutions |
| 2018 | MS Global India Pvt. Ltd. | MSGI | Sheet Metal Parts |
| 2018 | Reydel Automotive | France | Interior componet and Modules |
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 | Marelli Europe S.p.A. |
| Automotive Engineering Services Co. Ltd. | Matsui Mfg. CO. Ltd. |
| Bergstrom Inc. | MS Group |
| Blanos Partners S.L. | Ningbo Huaxiang Electronic Co., Ltd. |
| Marelli Corporation | 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. | Sumitomo Wiring Systems Ltd. |
| Jiangsu Huakai Wire Harness Co., Ltd. | Tianjin SMR Huaxiang Automotive Part Co. Limited |
| Kyungshin Corporation | Valeo Thermal Commercial Vehicles Germany GmbH |
| Youngshin Components Co Ltd. |
Upcoming Plant
| Group Company | Location | Type | Operation | product |
| Motherson PKC Harness Systems FZ- LLC. | Ras Al-Khaimah, United Arab Emirates | Greenfield Plant | Q1 FY2020-2021 | Wiring harnesses, rear view mirrors for passenger cars, injection molded products and many more |