01 Apr 2023
Brushing aside the COVID-19 impact running into the third year, India’s largest auto parts maker Motherson Group is confident of achieving a combined revenue of USD 36 billion by 2025. The company has built four business verticals but expects automotive to contribute USD 27 billion and non-automotive USD 9 billion. V C Sehgal, Chairman, Motherson Group, in an exclusive interview with Nabeel A Khan, Editor, ETAuto, said the Japanese and the US markets are going to be the main business drivers. The company is also looking at options for inorganic growth. It will announce some acquisitions very soon.
28 Jan 2023
The transaction is expected to be completed within a time period of 3-4 months from the date of signing, which is subject to the satisfactory completion of all conditions precedent.
27 Aug 2020
VC Sehgal, chairman of Motherson Sumi Systems Limited (MSSL), said while recovery in demand in India after the lockdown has been weak compared with markets in China, Korea and Japan, automakers across segments have restarted operations and are growing on a sequential basis in the local market.
22 Apr 2018
These acquisitions will be in addition to the recently announced deal of Reydel Automotive, a supplier of interior parts. The company, which has grown inorganically through a slew of acquisitions, is just two years away from achieving its $18 billion annual revenue target.
17 Dec 2017
16 plants are expected to be set up along with a couple of acquisitions in the pipeline, says Vivek Chaand Sehgal, indicating that its $18 billion revenue target by 2020 is attainable.
22 May 2017
The company is coming up with three plants in India, three in Hungary, one each at South Korea, Mexico and the United States, he added. The capex announced is in line with that of last fiscal.
07 May 2017
All about Vivek Chaand Sehgal's MSSL which is set to buy Bosch LLC arm for $600 mn
25 Feb 2017
In its 18th year in India, the EOY awards celebrate those who are building and leading successful, growing and dynamic businesses.
14 Feb 2017
Motherson Sumi has spent nearly 2,000 crore per year on an average for the past two years and will continue to spend similar amounts in FY17-18 and FY18-19 as well.
06 Feb 2017
While focus on research and development and ability to meet the global standards can serve as wheel for the auto parts makers to take them global. The auto parts industry has already been successful in achieving its core strength as developed markets like Europe and America.
20 Jan 2017
After 14 buyouts in 15 years, chairman of Motherson Sumi Systems - VC Sehgal, makes his most audacious bid yet.
20 Jan 2017
MSSL will make a voluntary, recommended public tender offer to acquire all the issued and outstanding shares and option rights in PKC. The largest acquisition made by the auto parts makeraqui
10 Nov 2016
Its revenues stood at Rs 10,018 crore, thereby witnessing an increase of 15 percent. This is for the third consecutive quarter that MSSL has posted revenue in excess of Rs 10,000 crore.
17 Sep 2016
As declared in its Vision 2020, MSSL aims to have revenues of USD 18 Billion by 2020. The company has been expanding through three main growth engines: organic growth of existing businesses, joint ventures and acquisitions.
14 Sep 2016
It further said the board has approved issue of confirmation allocation note for allocation of 6.29 crore equity shares to qualified institutional buyers.
13 Sep 2016
The company's board has approved the issue and allotment of 17,762,460 shares of face value of Re 1 of the company to Sumitomo Wiring Systems, Japan.
12 Aug 2016
"Motherson posted good numbers on India business (in June quarter) but global business performance was below expectations. With global auto cycle peaking and multiples at 24x F2018 P/E (price to earnings), we remain UW," the brokerage said.
11 Aug 2016
The group is building greenfield facilities in the US, Mexico, Hungary, China, South Korea and India. Among these several markets will get multiple plants, including India, China, Hungary, Mexico among others. In total, 14 plants are at different stages of completion out of which four are new plants and ten are facilities already announced.
10 Aug 2016
The company posted quarterly consolidated revenues of Rs 10,352 Cr. These results compare to revenues of Rs 8,915 Cr. and profit after taxes of Rs 267 Cr in the same quarter in the previous year.
04 Aug 2016
The company will seek the resolution for preferential allotment of up to 17.80 million equity shares of issues of FCCB of an amount of upto Rs 562.5 crore to Sumitomo Wiring System, Japan, it added.