Motherson Sumi System Limited: Leading Supplier of Automobile Parts
Motherson Sumi System Limited is one of the leading supplier of components and modules to the Indian Automotive industry. They manufactures different parts essential for automobile industry such as rear view mirrors, electrical distribution systems, Wiring Harness, Plastic components, Rubber Components, door panels, Compressors, etc. It is the flagship company of Samvardhana Motherson Group which was founded in 1986.
The company’s business products includes in wiring harnesses, mirrors for passenger car, injection moulded products, modules including dashboards, door trims, bumpers, blow moulded components, liquid silicone rubber moulded components, injection moulding tools, extruded rubber products, precision machined metal components and waste recycling systems.
It is a multi company whose operation is not only spreads in India but also in globally. The company having presence in 20 countries with over 80 manufacturing facilities.
Automobile parts maker Motherson Sumi Systems Ltd reported 15% increase in consolidated revenue that is Rs. 11319 crore. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose by 30% yoy to Rs. 1275 crore. Profit after tax of the company for the quarter came in at Rs. 706 crore, yoy increase of 20.2%. They have the market capital of Rs. 68,517.29 crore.