Motherson Sumi Systems (MSSL) has received the coveted ‘AAA’ rating from India Ratings and Research. The outlook is stable. MSSL’s diversified customer base and product profile, strong track record of revenue growth and profits, ability to turnaround acquisitions, global manufacturing footprint and high ROCEs in key businesses, good liquidity across the consolidated profile were some of the key factors for receiving the rating.
Motherson Sumi Systems, including its subsidiaries and JVs is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.
