Motherson Sumi Systems’ material subsidiary -- Samvardhana Motherson Automotive Systems Group B.V., Netherlands (SMRPBV) has successfully completed the acquisition of a majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co by Ningbo SMR Huaxiang Automotive Mirrors (SMR NBHX). SMR NBHX is a 50:50 joint venture in China between its subsidiary Samvardhana Motherson Reflectec (SMR) and Ningbo Huaxiang Electronic Co (NBHX Trim Group). The acquisition completed within 1.5 months.
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.
