As per the Business Standard report on November 2019, Motherson Sumi Systems consolidated net profit has risen 3.65% in the September 2019 quarter, which is Rs 384.60 crore in the quarter ended September 2019 as against Rs 371.07 crore during the previous quarter ended September 2018. Sales rose 5.76% to Rs 15708.99 crore in the quarter ended September 2019 as against Rs 14853.55 crore in the last quarter ended September 2018.
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Date Brokerage Call Target
13-Aug-19 Prabhudas Lilladher Accumulate 111
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About Motherson Sumi Systems Limited :
Motherson Sumi Systems Limited mainly deals with manufacturing and selling parts for different significant industries, especially for the automotive industry in India. The organization also deals in many overseas continents such as the Middle East, Australia, South America, South Africa, and Europe. The company operates its business operations in SMP, SMR, PKC, and MSSL, as well as, in Standalone.
Motherson Sumi Systems Limited provides interior, and exterior wiring harnesses, polymer products for packaging, different parts for cars, home appliances and vision systems that are used in a camera. The Company offers several applications regarding medical and home devices as well as automotive applications. The Company provides HVAC systems, which are also much more important component for commercial vehicles, air conditioners, passenger cars and many more.
Motherson Sumi Systems Limited also offers metal clutches and parts for buses. The organization offers retail logistics services, components made of extruded rubber, bumpers and door trims and wireless power products. The Company was established in the year 1986 and is headquartered at Noida.
About Motherson Sumi Systems Limited:
In 1986, Motherson Sumi Systems Limited started its business operations. The Company is a collaboration between the Samvardhana Motherson Group and the Japanese Company Sumitomo Wiring Systems. The Company intended to serve the motive of making the integrated harnesses and wires with high tension as well as metal and plastic parts. The components for making the harnesses were also manufactured in the organization. The organization was growing in that phase.
During 1989 to 1991, the Motherson Sumi Systems Limited started making plastic parts and components of the wiring harness. In 1991, the Company entered into the collaboration with Motherson Pudenz Wickmann Ltd. It started to manufacture the fuses, which became famous in the customer circle. This was considered as the backward integration for the organization.
During 1993 to 1995, the Motherson Sumi Systems Limited introduced wire division named Motherson Sumi electric wires. In 2005, the organization had taken a giant leap towards the development of the organization as it collaborated with two German companies, namely Schubert AG and Kromberg. This collaboration resulted in the formation of Kromberg Schubert Motherson Sumi Systems Pvt. Ltd. This new Company manufactures wiring harnesses which are mainly used in the Mercedes Benz-Telco and BMW-Hero motors, along with the motorcycles of 650 cc engine.
During 1997 to 2000, Motherson Sumi Systems Limited took another great leap as the organization entered into a joint venture with Kyungshin Industrial to manufacture harnesses for the renowned automobiles brand Hyundai. In the same year, another joint venture had been performed by the organization as it started to manufacture door panels and auto components which were blow moulded. In 1998, the Company made a technical collaboration with WOCO that led it to focus on manufacturing rubber components. In 2000, the organization opened a representative office in Singapore, since it is an open Asian market.
During 2001 to 2002, the Motherson Sumi Systems Limited started its moulding facility of Silicon rubbers. This was primarily started in Sharjah plant. The amalgamation among the organization, Motherson Sumi Electric Wires and Motherson Automotive Technologies & Engineering took place in this year, which had opened the gates for the new opportunity and chances to expansion and growth of the organization. The Company opened its branch in Ireland which helped the organization to expand the business in Europe. In the same year, the organization also opened its subsidiary named MSSL Mideast at Sharjah, UAE.
In 2018, the Motherson Sumi Systems Limited collaborated with Reydel groups of Automotive, a privately owned portfolio company. This collaboration led to the manufacturing of modules and interior components for automotive industries. The collaboration also initiated the chances to capitalize on new opportunities in the new geographical area as well as in the existing markets.
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