Samvardhana Motherson International Ltd Share Price

Motherson Sumi Systems Limited was incorporated in 1986 and listed in 1993, is listed at the Bombay Stock Exchange and National Stock Exchange of India, in India.The company’s business in India consists of designing, manufacturing and supplying wiring harness systems to domestic customers in India across segments viz. passenger cars, commercial vehicles, motorcycles/two-wheeler segments etc. The Company also exports harnesses to OEMs in Japan, Europe as well as Tier 1 OEM Suppliers (including Company’s subsidiaries for mirrors business). Also, included in the portfolio is designing, development, manufacturing and supplying of interior and exterior modules as well as plastic components to OEMs in India. Rubber and metal parts are also manufactured and supplied to customers in India and exported to Europe.

Business area of the company

Motherson Sumi Systems, including its subsidiaries and JVs is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.

Products and services offered by the company

Wiring Harness- The wiring harness division of Motherson is a full service system supplier with complete in-house design, development and manufacturing capability. It is one of the most vertically integrated business divisions with a product range that promotes technological advancement across both the automotive and non-automotive sectors that it supplies to.

Vision Systems- Motherson is one of the leading global suppliers of vision systems to the automotive industry and the product range includes interior mirrors, exterior mirrors and camera-based detection which it supplies to almost all major OEMs. Vision Systems is aided by strong vertical integration and provides full-service solutions to its customers.

Modules and Polymer Products- The division encompasses the largest business line in Motherson. It develops and produces a highly diversified product range from simple plastic parts to highly integrated systems and modules, supplying to OEMs globally. The group also exhibits capabilities in mould design, tooling and elastomer processing.

Metal Products- The division offers an array of products like cutting and gear cutting tools, cabins for off-highway vehicles, HVAC systems, shock absorbers, metal components and assemblies with varied technologies, sheet metal parts, clutches for car AC compressors as well as coating services to a wide spectrum of industries.

Technology & Software- The division focuses on technology and innovations and sustains the digital foundation of the group’s global operations. It also caters to external clients from different industries globally. This division thinks beyond the current capabilities and has a futuristic approach in understanding industry trends and providing solutions.

Retail and services- The division consists of a wide spectrum of businesses that do business through direct channels like B2B supply, utilising distributor networks and engaging in direct sales and services to the end customers. Most products and services of this division directly support the manufacturing operations of customers.

Aerospace- Motherson offers global solutions to the aerospace industry segment, by providing integrated solutions. This division is an initiative of the group to establish its presence in sectors beyond automotive.

Logistics- The Logistics division of Motherson aims to bring in efficiency, technology and specialisation in the automotive supply chain. It deals with the logistics of finished vehicles in both the groups’ internal supply chain as well as for external customers.

Health and medical- The division is driven by its purpose of positively impacting lives globally by helping people become healthy, and stay healthy. The division works towards realising this by providing products, solutions and services that help people manage and improve their health, and enable people to access affordable care of the highest quality.

Awards

Daimler

• Supplier Award (Wiring Harness)
  
• Masters of Quality Supplier Award (Wiring Harness)
  
• Best Quality Supplier Zero PPM (Wiring Harness)

Jaguar Land Rover

• Quality Excellence (Vision Systems)

Renault Nissan

• Quality & Customer Satisfaction (Wiring Harness)

Toyota

• Zero Defect Supplies Zero PPM (Wiring Harness)
  
• Achieving Targets Delivery
  
• Achieving Target Quality
  
• Zero Defect Supplies Zero PPM
  
• Achieving Targets Quality (Vision Systems)
  
• Achieving Targets Delivery (Vision Systems)
  
• Quality Performance Award (Vision Systems)
  
• Achieving Targets Quality (Modules & Polymer)
  
• Achieving Targets Delivery (Modules & Polymer)

Honda

• Kaizen Award Productivity Category (Wiring Harness)
  
• Customer Satisfaction and Quality (Wiring Harness)
  
• Certificate of Appreciation (Vision Systems)
  
• Certificate of Excellence Quality, Cost & Delivery (Vision Systems)

Hyundai

• Quality 5 Star (Vision Systems)
  
• New Product Development (Vision Systems)

Volvo

• VQE Quality Excellence (Vision Systems)

JAC Group

• Best Quality Contribution Award (Wiring Harness)

Tata Motors

• Quality Improvement for Proto Supplies (Wiring Harness)
  
• Energy Champion Award (Wiring Harness)

MCI

• Silver Perfoming Award (Wiring Harness)
  
• SPM Leaders Award (Wiring Harness)

Foton Group

• Quality Gold Award (Wiring Harness)
  
• Excellence Partner Award (Wiring Harness)
  
• Best Quality Award (Wiring Harness)

JMC Group

• Excellence Development Partner Award (Wiring Harness)

Ashok Leyland

• Best Supplier Award (Wiring Harness)
  
• Best Poka Yoke (Wiring Harness)

Volvo Eicher

• Best Supplier New Product Development (Wiring Harness)
  
• Achieving Excellence Partner-Level Recognition (Wiring Harness)

Milestones

1975-1982

• Motherson founded in Delhi, India.
  
• First cable factory launches a new direction for the family firm.

1983-1986

• First automotive component (wiring harness) produced in India Maruti Suzuki.
  
• Motherson Sumi Systems Ltd. established in joint venture with Sumitomo Wiring Systems..

1987-1998

• First wiring harnesses for commercial vehicles Tata.
  
• The flagship company of the Group, Motherson Sumi Systems Ltd. (MSSL) listed on Indian stock exchanges.
  
• First partnership with a luxury automotive brand Mercedes.
  
• First parts for models exported from India Hyundai.
  
• First collaboration with a US automaker Ford.

1999-2007

• First overseas office in Graz, Austria.
  
• 5-year plan announced publicly for the first time.
  
• First partnership in the off-road segment Caterpillar.
  
• First acquisition by Motherson Group I Wexford Electronics.
  
• First overseas plant in Sharjah, UAE.
  
• First Motherson operation in Europe Ford.
  
• European headquarters opened in Germany.

2008-2020

• Acquisition of Visiocorp (rearview mirror business), SMR established.
  
• Peguform acquisition, SMP established.
  
• Acquisition of wiring harness division of Stoneridge Inc, entering CV segment in USA.
  
• PKC acquisition, leadership position in Amercian, European and Chinese CV market.
  
• Reydel acquisition, closer relations with French OEMs.
  
• Acquisition of Bombardier’s UK rolling stock electrical component business.
  
• Motherson Sumi Systems has incorporated a wholly owned subsidiary namely, Motherson Sumi Wiring India (MSWIL) on July 2, 2020 for manufacturing of wiring harness.