As a part of a long-standing demand of Sumitomo Wiring Systems, the joint venture partner of Motherson Sumi Systems Ltd (MSSL), the board of directors approved a new corporate structure. Under this, the domestic wiring harness business will be demerged into a separate entity, Motherson Sumi Wiring India Limited (MSWIL) a newly incorporated company incorporated for the purpose of the scheme, which will be subsequently listed on the stock exchanges. Also, Samvardhana Motherson International Limited (SAMIL), the holding company, will be merged with the existing organization, which will include the rest of the automotive component businesses.
Motherson Sumi Systems Limited (MSSL) is one of the world’s leading specialised automotive component manufacturing companies for OEMs. MSSL was established in 1986 as a joint venture with Sumitomo Wiring Systems and was listed in 1993 on BSE and NSE in India. With a diverse global customer base of nearly all leading automobile manufacturers globally, the company has a presence in 41 countries across five continents. MSSL is currently the largest auto ancillary in India MSSL is the flagship company of the Motherson Group.
Samvardhana Motherson International Limited (SAMIL) is a non-deposit taking systemically important core investment company (CIC-ND-SI) registered with the Reserve Bank of India and is engaged in the business of holding and nurturing its investments in various subsidiaries and joint-venture companies in India. It is the principal holding company of Motherson Group. Excluding MSSL’s holding, SAMIL, through its subsidiaries and joint venture companies, is inter alia engaged in the business of manufacturing of automotive components and ancillaries, including automotive lighting systems, extruded and injection moulding tools and components, air intake manifolds, pedal box assemblies, heating ventilating and air conditioning (HVAC) systems for vehicles, cabins for off-highway vehicles, machined metal products, cutting tools, etc. SAMIL helps build the group’s diverse product portfolio in auto and not auto product segments and fosters deep manufacturing and design capabilities across the operating companies, to support a wide spectrum of ever-evolving customer requirements.
Samvardhana Motherson Automotive Systems Group BV (SMRP BV) is a joint venture between Motherson Sumi Systems Ltd. (MSSL) and Samvardhana Motherson International Ltd (SAMIL). SMRPBV operations include supplies to the global automotive industry as a Tier 1 supplier through its subsidiaries.
Current structure of the group
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