Motherson Sumi Wiring India Share Price

Motherson Sumi Wiring India Limited, formerly known as Motherson Sumi Systems Limited was incorporated on July 2, 2020 as a Wholly Owned Subsidiary of Samvardhana Motherson International Limited (SAMIL). The name of the Company was changed to Samvardhana Motherson International Limited dated May 18, 2022. As a result, the Domestic Wiring Harness Business was demerged into the Company and the name was changed to Motherson Sumi Wiring India Limited. The Company is a specialized, full-system solutions provider catering to a diverse range of customers in the automotive and other industries. The Company has been a joint venture entity between Samvardhana Motherson International Limited (SAMIL) and Sumitomo Wiring Systems Limited, Japan, a global leader in the manufacture of wiring harnesses, harness components and other electric wires. The addition of the PKC Group in 2017 resulted in a substantial expansion into the American and European commercial vehicle markets, a development that helped MSSL become a stronger player within the global transportation market. This increase in MSSL's worldwide presence has enabled customers to access a broader range of solutions and support as well as the benefits of global synergies, vertical integration, innovation and new technologies. The acquisition of Bombardier's UK rolling stock electrical-component and systems business and Bombardier's Electrical Wiring Interconnection Systems (EWIS) business in Huehuetoca, Mexico, has helped MSSL to supply electrical and wiring systems to a bigger segment of the rolling stock industry, bolstering the confidence of partners and customers. In 2018, MSSL acquired France headquartered, Reydel Group, subsequently becoming Samvardhana Motherson Reydel Companies (SMRC). In 2021-22, the Domestic Wiring Harness Undertaking business of the erstwhile Samvardhana Motherson International Limited (SAMIL) has been demerged into and with the Company and the erstwhile SAMIL got merged with Motherson Sumi Systems Limited (MSSL) and the Scheme of Amalgamation has been made effective from January 5, 2022. As per the Scheme, 315,79,34,237 Equity Shares having Face Value of Re 1/- each was allotted by the Company on January 19, 2022, in the ratio of 1 Equity Share of the Company of Face Value Re 1/- each for every 1 Equity Share of SAMIL of Face Value Re 1/- each to the shareholders of SAMIL as on January 17, 2022. A new Greenfield facility in Marunji, Pune commissioned, supporting both internal combustion engine (ICE) and EV (electric vehicle) in FY 2024-25.