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 Company is made up of three Business Groups:
| Business Group | % of Group Sales | |
| 1 | Modules, bumpers, door trims and plastic parts | 55% |
| 2 | Wiring harnesses | 25% |
| 3 | Rear view mirrors | 19% |
-The following are the automotive-related companies that are a part of the Group.
| Company Name | Location | Products | |
| Frigel Intelligent Cooling Systems India Ltd. (FICS) | Group company, JV of Matsui Technologies India Ltd. (MTIL) and Frigel, Italy | India | Plastic moulding and extrusion, beverage preparation and filling, metal processing, oil and gas. |
| 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, 2020) |
|
Shareholding Category |
Shareholding Ratio (%) |
|
Samvardhana Motherson International Limited |
33.4 |
|
25.1 |
|
|
Others |
41.5 |
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 |
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. |
| Vision Systems |
Exterior Mirrors Interior Mirrors Camera monitoring systems |
SMR - Samvardhana Motherson Reflectec |
| Plastic Moulding |
Interior products Exterior products Under-bonnet products Elastomers Lighting Systems |
Samvardhana Motherson Peguform (SMP) Samvardhana Motherson Reydel Companies (SMRC) Samvardhana Motherson Innovative Autosystems (SMIA) Motherson Automotive Technologies & Engineering (MATE) MSSL Advanced Polymers s.r.o (MSP CZE) MSSL Global RSA Module Engineering Ltd. (MSSL Global RSA) Vacuform 2000 (Pty) Limited Motherson Polymer Solutions (MPS) Marelli Motherson Automotive Lighting India Pvt. Ltd. MSSL Tooling (FZE) (MTL) SMIIEL (a unit of Motherson Sumi Systems Ltd.) CTM India Ltd. (CTMIL) Motherson Molds and Die Casting Ltd. (MMDL) AES (India) Engineering Ltd. (AES) Motherson Automotive Elastomers Technology (MAE) Motherson Elastomer Pty. Ltd. (MEPL) |
| Metal Products |
Cutting Tools Metal Parts Sheet Metal Parts HVAC systems Shock Absorbers Clutch for car AC compressors Thin film coating metals |
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) |
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). |