Post Tagged with: "Motherson"

Motherson completes acquisition of the majority stake in CIM Tools

Motherson completes acquisition of the majority stake in CIM Tools

Press Release Motherson Sumi Systems Limited (MSSL) has successfully completed the acquisition of a majority stake in CIM Tools Private Limited. As announced earlier, MSSL has acquired a 55 per cent stake in CIM Tools Private Limited (CIM). CIM in turn holds 83 per cent in Aero Treatment Private Limited (ATPL) and 49.99 per cent in Lauak CIM Aerospace (JV[Read More…]

by April 8, 2022 Newscast
Motherson marks its entry on the Dow Jones Sustainability Indices

Motherson marks its entry on the Dow Jones Sustainability Indices

Motherson Sumi Systems Limited (MSSL) announced that it has been included in the 2021 Dow Jones Sustainability Emerging Markets Index, for the first time. Commenting on this landmark achievement, Laksh Vaaman Sehgal, Vice Chairman, Motherson states, “Our inclusion into the Dow Jones Sustainability indices highlights our continuous efforts to improve sustainability across all three ESG pillars. At Motherson, we work[Read More…]

by December 3, 2021 Newscast
MSSL Group reorganisation plan

MSSL Group reorganisation plan

To simplify the group structure, Motherson Sumi Systems Ltd. (MSSL) recently approved a group reorganisation plan. The plan entails a demerger of the Domestic Wiring Harness (DWH) business from MSSL into a new company, in the process of being incorporated as a wholly-owned subsidiary of MSSL. Approved with an objective to help business grow across product portfolios within the auto[Read More…]

by August 7, 2020 Newscast

Motherson Sumi Systems Limited’s consolidated net Profit at Rs 254 crore on total income of Rs 9149 crore

–  Consolidated Revenues of MSSL grew by 13%. – Standalone revenues of the MSSL grew by 12%. – In Euro terms, SMR and SMP grew by 13% and 19% respectively. – SMR & SMP have also reported consistent growth and improvement in profitability. – Progress of 14 new facilities is on schedule , 3 facilities completed and under start up.[Read More…]

by February 10, 2015 Newscast, Web Exclusive
Motherson Sumi records $ 5 billion sales in FY14, ahead of its target Vision 2015

Motherson Sumi records $ 5 billion sales in FY14, ahead of its target Vision 2015

Motherson Sumi Systems Limited (MSSL), the flagship company of the Samvardhana Motherson Group, has achieved consolidated revenues of USS $ 5 billions for the year 2013-14, one year ahead of target for Vision 2015. The consolidated sales went up by 20%, PBT by 84% and PAT by 72% for the full FY 2013-14. For the fourth quarter of Q4 FY[Read More…]