SMR Automotive Mirrors Stuttgart GmbH

Company Profile

■URL

https://www.smr-automotive.com/

■Address

Hedelfinger Strasse 60, 70327 Stuttgart, Germany

Business Overview

-The Company is one of the largest manufacturers of rear-view vision systems in the automotive industry. It supplies interior mirrors, exterior mirrors and camera-based detection systems for automotive applications. The Company also manufactures components for vision systems such as light units, electric drive units, camera modules, electronic modules, and reflector glass modules.

-The Company is a subsidiary of Samvardhana Motherson Automotive Systems Group BV (SMRP), which itself is a subsidiary of Samvardhana Motherson International Limited (SAMIL). With the restructuring of the SAMIL parent organization effective April 2022, the Company comprises SAMIL’s restructured Vision Systems division.

-In 2021, the Company acquired majority stakes in both Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd., based in China and Plast Met group based in Turkey. In September 2022, the Company entered into an agreement with Ichikoh Industries to purchase a 100% stake of Ichikoh’s mirror business for JPY 5.2 billion. The transaction involves the acquisition of Ichikoh’s mirror business in Japan and China, comprised of three manufacturing plants. The acquisition is expected to close during the fiscal year ending March 31, 2024.

Shareholders

-As of March 1, 2023, the Company is a wholly owned subsidiary of Samvardhana Motherson International Limited (SAMIL) through Samvardhana Motherson Automotive Systems Group (SMRP). SMRP acquired the remaining 1.55% of the Company’s shares from an independent third party.

Products

Exterior Mirrors
-Passenger vehicle exterior mirrors
-Commercial vehicle exterior mirrors
-EcoMirror with decreased size and weight
-Integrated exterior mirror systems:

  • Reflector glass units
  • Auto dimming glass
  • High gloss moldings
  • Advanced surfaces
  • Glass actuators
  • Heated glass systems
  • Power folding mechanisms
  • Telescopic actuation solutions
  • LED turn signal lamps
  • Ground illumination lamps
  • Logo projection lamps
  • Blind spot warning lamps
  • Temperature sensors
  • Ultrasonic distance sensors
  • Memory position adjustment
  • Rearview monitoring cameras
  • Surround view cameras
  • Image processing units
  • BUS control electronics
  • Wiring harnesses


Interior Mirrors
-Prismatic interior mirrors
-Multi-functional mirrors
-Rear-view camera monitoring systems
-Integrated interior mirror systems:

  • Reading lamps
  • Ambient lighting
  • Microphones
  • Remote garage door openers
  • Telematics interfaces
  • Emergency switches
  • Auto dimming glass
  • Rain sensors
  • Air temperature sensors
  • Humidity sensors
  • Radio-controlled electronic toll collection systems


Camera monitoring systems
-Blind spot detection systems
-Surround vision systems
-Display system with integrated driver assist systems

  • Back-up display with reverse driving guide lines
  • Pedestrian detection
  • Lane departure warning
  • Traffic sign recognition
  • Parking assistance systems
  • Park exit assistance
  • Corner view display
  • Cross traffic alert

History

1935 The Company was founded and began producing interior lights for Mercedes-Benz.
1938 Expanded into providing rear lighting.
1950 Launched its rear-view-mirror business, supplying mirrors to Mercedes-Benz.
1989 Expanded into premium automotive sound systems.
1994 Acquired ULO, a Tier 1 rear lighting supplier.
1994 Its international expansion began in 1994 when the Company established operations in the United States.
1995 Commenced operations in Hungary as a first step to shifting some of its operations to low-cost countries.
1998 Entered into a joint venture in Slovenia to produce wire harnesses used in the production of mirrors and electronics.
2000 Acquired the Rear Vision Systems Division of Britax International.
2001 Entered into a joint venture with Saint Gobain Sekurit to form Freeglass GmbH & Co. KG, to make a plastic glazing substitutes for certain automotive glass applications.
2001 Acquired Global Light Industries GmbH (G.L.I.) an innovator of LED technology and optical applications for rear lighting.
2003 The Company continued to expand geographically, opening two assembly plants in China in early 2003.
2005 Opened a new facility in Slovenia for low cost lighting products to improve the company's lighting operations in Europe.
2006 Acquisition of Engelmann companies.
2007 Spin-off of its lighting business.
Changed its name from Schefenacker plc to Visiocorp plc.
2008 Sold its audio component business.
Opened a joint venture company in China.
2009 Became a member of Samvardhana Motherson Group and named SMR - Samvardhana Motherson Reflectec.
2010 Established two new assembly plants in India.
Launched construction of plants in Brazil and Hungary.
Aug. 2013 Opened a new production plant for automotive mirrors in Langfang, Hebei Province, China.
2015 Started plants in USA and China
2016 Started plants in USA and South Korea
2017 Started plants in India and China
2018 Started plant in Mosonszolnok, Hungary
2019 Expansion of existing facilities in Hungary, Korea, China and India
Apr. 2021 Acquired majority stake in Plast Met Group, Turkey
Nov. 2021 Acquired majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd. China

Supplemental Information 1

>>>Business Report FY2006 (Schefenacker)
>>>Business Report up until FY2007 to FY 2010
>>>Business Report up until FY ended Mar. 2015

Archives of Past Exhibits

Note:
-Figures in brackets ( ) indicate a loss
-All financial figures contained in this profile are based on information released by Motherson Sumi Systems Limited.