Samvardhana Motherson International’s indirect subsidiary -- Shenyang SMP Automotive Component located at China has been deregistered effective from March 20, 2023. Pursuant to above, Shenyang SMP Automotive Component, China, a subsidiary of the Company, has ceased to be in existence.
The entire business of Shenyang SMP Automotive Component has been transferred to Shenyang SMP Automotive Trim (SSATC) an another indirect subsidiary of Samvardhana Motherson Automotive Systems Group B.V. with the same ownership structure, inter-alia, as per customer requirements to enable faster delivery of components.
Samvardhana Motherson International is one of the world’s leading specialized automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems was established in 1986 as a joint venture with Sumitomo Wiring Systems.
