Samvardhana Motherson International Limited stands as India's largest manufacturer of wiring harnesses for passenger vehicles and one of the world's largest manufacturers of exterior rear-view mirrors with a dominant market share. The company has established itself as a comprehensive automotive solutions provider, serving major original equipment manufacturers across the globe with a diversified product portfolio that spans multiple industries beyond automotive.
Samvardhana Motherson International Ltd (formerly known as Motherson Sumi Systems Ltd) is an Indian multinational manufacturer of automotive components, based in Noida. The company traces its roots back to 1975 when Vivek Chaand Sehgal and his mother established the Motherson Group as a silver trading business, which later evolved into a power cables factory in 1977, and eventually led to the incorporation of Motherson Sumi Systems in 1986 as a wiring harness manufacturer for Maruti Udyog. The company was listed in 1993 on BSE and subsequently on NSE.
The company was formerly known as Motherson Sumi Systems Limited and changed its name to Samvardhana Motherson International Limited in May 2022. Samvardhana Motherson International Limited was founded in 1975 and is based in Noida, India.
The three major divisions of the group are Wiring Harness, Vision Systems, and Modules and Polymer Products, which contribute more than ninety-five percent to the group revenues. Motherson Group serves its customers with multiple products and services through its 12 business divisions.
The company's diversified operations encompass electrical distribution systems, fully assembled vehicle interior and exterior modules, automotive rear vision systems, molded plastic parts and assemblies, injection molding tools, molded and extruded rubber components, lighting systems, electronics, precision metals and modules, Industrial IT solutions and services and technologies, such as telematics and others.
The company operates through three primary segments: Wiring harness, Modules and polymer products, and Emerging businesses. Emerging businesses comprise elastomers, lighting & electronics, precision metals & modules, technology & industrial solutions, logistics solutions, aerospace, health & medical, and services operations of the Company.
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.
Samvardhana Motherson International Ltd. is a global automotive supplier, offering a wide range of products including electrical distribution systems, mirrors, bumpers, and interior modules. It operates in over 41 countries, serving major automotive manufacturers worldwide.
The company has demonstrated remarkable growth through strategic acquisitions. Samvardhana Motherson's notable acquisitions in 2023 include:
* 51% stake in Saddles International, an Indian automotive upholstery company, for ₹207 Crore (US$24 million).
* 100% of SAS Autosystemtechnik, a German automotive cockpit manufacturer, from Faurecia at an enterprise value of €540 million.
* 81% stake in the four-wheeler business of Yachiyo Industry, a Honda Group company, for ¥22.9 billion (US$208.66 million).
* The insolvent German automotive supplier Dr. Schneider Group for €118.3 million.
Samvardhana Motherson International Ltd has a market capitalization of ₹1,08,359 Crore as of July 2025. The company has demonstrated strong financial performance, achieving a record net revenue of over INR 1.13 lakh Crores for FY 2025, reflecting a robust 15% year-on-year growth.
* Sales rose 15.10% to ₹1,12,540.88 Crore.
* Net profit rose 40.01% to ₹3,803.02 Crore.
* Net profit fell -23.42% to ₹1,050.50 Crore in Q4 FY2024-2025.
* Sales rose 8.86% to ₹29,119.31 Crore.
* Net profit declined 23.42% to ₹1,050.50 Crore.
The company declared a dividend of Re.0.35/share for FY25, and the current dividend yield is 0.54%.
Beyond automotive, the company has strategically expanded into emerging sectors. Motherson's revenue from aerospace components surged 415% from ₹339 Crore in FY24 to ₹1,749 Crore in FY25. The Aerospace division of Motherson integrates the current capabilities of the group in areas such as wiring harnesses and plastics into the aerospace industry by providing integrated solutions. The division is simultaneously engaged in developing new products in order to increase its foothold in this segment.
The company has also ventured into healthcare and medical sectors, with the division driven by its purpose of positively impacting lives globally by helping people become healthy, and stay healthy. The division works towards realizing 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.
The company has been actively pursuing strategic initiatives to strengthen its market position. Samvardhana Motherson International has strengthened its position by increasing its stake in CIM Tools to 68.14% and acquiring a 14.29% stake in Motherson Technology Services Kabushiki Gaisha, enhancing control over its subsidiaries.
The board of Samvardhana Motherson International has approved the issuance of non-convertible debentures worth ₹2,025 Crore through private placement, demonstrating the company's access to capital markets for growth funding.
As it celebrates its 50th anniversary, management remains committed to enhancing shareholder value through initiatives like a bonus share issue and ambitious revenue targets, aiming for a threefold increase over the next two years. Despite facing operational challenges, particularly in the aerospace and consumer electronics sectors, the company is optimistic about future growth, leveraging local production and innovative capabilities to adapt to market dynamics.
The company is diversifying into consumer electronics and semiconductor manufacturing, planning to allocate 70% of ₹3,000 Crore for growth capital expenditure, reflecting its commitment to expanding beyond traditional automotive applications.
The company's strategic positioning as a comprehensive solutions provider across multiple industries, combined with its strong financial performance and global presence, establishes Samvardhana Motherson International as a key player in the evolving automotive and industrial components landscape.
