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 focuses on innovative technologies and systems that contribute to the reduction of CO2 emissions, improve vehicle performance, and support the development of intuitive driving.
-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 270 facilities.
-The following are the automotive-related companies that are a part of the Group.
| Company Name | Location | Products | |
| Motherson Innovations | SMG’s cross-divisional team | UK | New and innovative technologies |
| Motherson Invenzen XLAB (MI-XLAB) | Group company | India | Telematics, IoT & Other electronics hardware and other related Cloud based services and Applications. |
| MS Global India | Group company | India | Sheet metal component for Passenger cars and commercial vehicles. |
| Samvardhana Motherson Reydel Companies (SMRC) | Group company | France | Cockpit modules, Instrument panels, Door panels, Console modules, Decorative parts and Customized solutions |
-MSSL launches its sixth five-year plan. 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
-Interview with Chairman Vivek Chaand Sehgal at Tokyo Motor Show 2015 (English audio track)
<Summary>
- "Motherson is a completely committed to automotive for the last 35 years. We are supplying to almost all the OEMs in the world, and it's a real honour to do that."
- "(By owning 100% German subsidiaries) We do a lot of German car interiors, exteriors and other such parts."
- "We have learnt from Japanese car makers. They always have a lot of time for component manufacturers."
- "Basically (many hardships are) not challenges; these are the expectations of the customers."
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, 2021) |
|
Shareholding Category |
Shareholding Ratio (%) |
|
Public & other |
38.3 |
|
Samvardhana Motherson International Limited |
33.4 |
|
25.3 |
|
|
Sehgal Family |
3.0 |
|
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 |
-The wiring harness division has 93 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 Systems Ltd. (MSSL) MSSL (GB) Ltd. (MSSL GB) MSSL Ireland Pvt. Ltd. MSSL Mideast FZE (MSSL ME) MSSL Wiring System Inc. (MWSI) PKC Group Ltd. Wisetime Oy |
| Vision Systems |
Exterior Mirrors Interior Mirrors Camera monitoring systems |
-The vision system division has 32 plants in 16 countries SMR - Samvardhana Motherson Reflectec |
| Modules & Polymer Products |
Interior products Exterior products Under-bonnet products Elastomers |
-The division has 102 plants in 24 countries AES (India) Engineering Ltd. (AES) CTM India Ltd. (CTMIL) Global Environment Management (GEM) Marelli Motherson Automotive Lighting India Pvt. Ltd. Motherson Automotive Elastomers Technology (MAE) Motherson Automotive Technologies & Engineering (MATE) Motherson Elastomer Pty. Ltd. (MEPL) 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) Samvardhana Motherson Peguform (SMP) Samvardhana Motherson Reydel Companies (SMRC) Samvardhana Motherson Innovative Autosystems (SMIA) SMIIEL (a unit of Motherson Sumi Systems Ltd.) Vacuform 2000 (Pty) Limited |
| Precision Metals & Modules |
Modules Precision machining Metal parts Sheet metal parts |
-20 plants in 2 countries Motherson Techno Tools Limited (MTTL) Motherson Advanced Tooling Solutions Limited (MATS) Motherson Sintermetal Products S.A. (MSTL) Motherson Sintermetal Products S.A (MSPS) Motherson Techno Precision Germany (MTPG) Motherson Techno Precision Mexico (MTPMEX) Motherson Innovative Engineering Solutions (MINES) Samvardhana Motherson Auto Component (SMAC) Youngshin Motherson Auto Tech Ltd. (YMAT) Calsonic Kansei Motherson Auto Products Private Limited (CKM) Motherson Bergstrom HVAC Solutions Pvt. Ltd (MBSL) Valeo Motherson Thermal Commercial Vehicles India Ltd. (VMTI) Marelli Motherson Auto Suspension Parts Pvt. Ltd. Fritzmeier Motherson Cabin Engineering Pvt. Ltd. (FMCEL) Nissin Advanced Coating Indo Co. Private Limited (NACIL) MS Global India (MSGI) |
| 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 Aluminium die-casted parts Part for cylinder block part for cylinder head, bedplate chaincase part for oil filter adapter part for water pump and oil cooler cover part 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) |
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 | Invest in Aira, Inc. . USA to accelerate the development of advanced wireless charging technologies |
| Oct. 2021 | SMRPBV acquires majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd. |
| Oct. 2021 | Extend Cooperation with Marelli for new tool room in India |
| Nov. 2021 | SMP Automotive opens new plant in Serbia |