Leading Manufacturing Companies – Motherson Sumi systems (MSSL)

There’s no stopping VC Sehgal who is known to globe-trot to numerous destinations around the world seeking lucrative deals that will help him expand his portfolio. Last month, Samvardhana Motherson International (SMIL), the promoter group entity of auto component maker Motherson Sumi Systems (MSSL), acquired 100% stake in MS Global India (MSGI) from Korea based MS Group.
In another big news, MSSL, the flagship company of the $9.5 billion Samvardhana Motherson Group, is planning to invest around Rs 15-18 billion and will also set up new facilities near Chennai. The company is on the last leg of completing its Rs 20 billion capex for the current fiscal and during 2018-19, the company is planning to invest around Rs 15-18 billion. In order to derisk the business, MSS has chalked out a 3CX10 strategy, under which no single customer, country or component would make up more than 10% of the company’s total turnover in 2020, against 15% currently.
Today, MSS is present in 27 countries and hopes to have a footprint in 60 within the next five years. The company’s initiatives in evolving new solutions for its customers were largely met through its acquisitions.
MSS is also working closely with customers to make sure that they are ready for whatever disruption occurs such as electric vehicles. PKC Group’s acquisition has helped the company to be “EV ready”.