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Samvardhana Motherson gets nod to make investment in IFQM

28 Nov 2023 Evaluate

Samvardhana Motherson International has received approval from board of directors to make investment of Rs 12.50 crore in Indian Foundation for Quality Management (IFQM). IFQM is an industry led and industry financed ‘Quality Movement’ with the aim to institutionalize Quality in culture of Indian organizations and increase the global competitiveness of Indian companies and their products. 

With contribution to IFQM as a Founding member, the Company will participate in achieving overall objectives of IFQM setup for Indian Industry. The Company will also get additional benefits of having access to key resources of IFQM, interalia, in the areas of Counsellors (i.e. senior and respected quality experts), Champion (i.e. captains of the industry), Code (i.e. defined Holistic Quality Model), Cultural Change (i.e. embedded quality at grassroot level) and Communicate (i.e. involving all stakeholder to prepare the soil). 

The Board of Directors of Samvardhana Motherson International in its meeting held on November 27, 2023 approved the same. 

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.

SamvardhanaMotherson Share Price

125.00 2.30 (1.87%)
17-Apr-2026 16:59 View Price Chart
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