Samvardhana Motherson International’s indirect wholly-owned subsidiary -- SMR Automotive (Langfang) Co., (SMR Langfang), has received approval for acquisition of controlling stake in Shenzhen Autocruis Technology Co. (Target Company), a company incorporated under the laws of the People’s Republic of China), via a primary capital increase (subscription of fresh equity) of CNY 153.3 million (equivalent to approximately $22.6 million) for a 64.76% equity stake on a fully diluted basis.
Post completion of the afore-mentioned initial acquisition of 64.76% equity of Target Company, the Target Company will undertake buy-back of its equity and subject to its successful completion, SMR Langfang will hold 67.78% of equity share capital of Target Company.
Objects of acquisition include product portfolio expansion with camera-based solutions (CMS, FDM, DMS, DVR and surround-view systems); strengthening of in-house technology capabilities in image quality, algorithms, video processing and FPGA; and Access to the Chinese automotive market through established relationships with key commercial vehicle and passenger car OEMs.
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.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 143.80 |
| Tube Investments | 2933.65 |
| Bosch | 41104.55 |
| UNO Minda | 1150.35 |
| Motherson SumiWiring | 39.69 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: