Samvardhana Motherson International Private Limited (formerly Motherson Sumi Systems Limited) announced it has acquired 51% stake in Saddles International Automotive and Aviation Interiors Private Limited (SIAAIPL). SIAAIPL is engaged in manufacturing of premium upholstery for passenger vehicles applications. According to the company’s exchange filing, “The Board of Directors of Samvardhana Motherson International Limited (formerly Motherson…
Motherson Sumi Systems Limited announced the appointment of Veli Matti Ruotsala and Robert JosephRemenar to its Board of Directors, effective January 28, 2022. Also, Kunal Malani has been appointed as the new Chief Financial Officer, effective January 28, 2022. He succeeds G.N. Gauba, who has resigned from the role. Matti Ruotsala, is an industry veteran…
Motherson Sumi Systems Limited (MSSL) announced the acquisition of a majority stake in CIM Tools Private Limited, a Bengaluru-based aerospace supply chain company. This milestone acquisition will mark MSSL’s entry into the aerospace industry, the company said in its statement. MSSL will acquire 55% stake from the promoters of CIM Tools Private Limited (CIM). CIM…
Motherson Sumi Systems Limited added industry veteran Rekha Sethi to its Board of Directors. She joined as an Additional and Independent Director for a period of five years commencing from August 10, 2021 to August 9, 2026, the statement said. “This is to inform that the Board of Directors of the Company, based on the…
Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), has successfully completed the acquisition of assets and activities of Electrical Wiring Interconnection Systems (EWIS) performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico (BT Ensambles México). MRS is part of the Motherson Rolling Stock Division which…