Samvardhana Motherson International has completed the acquisition of 51% stake in Saddles International Automotive and Aviation Interiors (SIAAIPL) having registered office at Bangalore, Karnataka. SIAAIPL is engaged in manufacturing of premium upholstery for passenger vehicles applications.
This acquisition will mark Company’s step towards diversification of its current business with its entry into upholstery space used for applications such as passenger vehicles seat covers, covers for gear knobs and wrapping of door panels, etc. thereby supporting Company’s vision of increasing content per car.
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.
