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Motherson Sumi Systems bags significant set of orders from Daimler

29 Apr 2015 Evaluate

Motherson Sumi Systems (MSSL) through its subsidiary - Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has received a significant set of orders for the supply of a range of exterior and interior systems for several future Mercedes-Benz vehicle generations. MSSL estimates these orders to generate sales revenues of approximately Rs 15,400 crore (Euro 2.2 billion approximately) over its lifetime and expected to commence from calendar year 2018.

To support Daimler’s expansion activities, MSSL will invest in 2 new plants, one each in the USA and Hungary which will enable SMRP BV to be closer to Daimler’s vehicle assembly plants, along with capacity expansion in existing plants in Germany as well as new machines, tools and product development efforts.

All of the mentioned activities are concerning operations of SMRPBV‘s division SMP (Samvardhana Motherson Peguform), which was acquired in 2011. SMP is a technology and market leader for bumpers, door panels and cockpits with strong footprint in Europe, Mexico, Brasil and China.



SamvardhanaMotherson Share Price

130.35 -1.60 (-1.21%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 130.35
Tube Investments 2991.65
Bosch 37286.70
UNO Minda 1173.25
CIE Automotive India 477.90
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