Samvardhana Motherson International Ltd. Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Samvardhana Motherson International Ltd.?

Samvardhana Motherson International Limited is a global manufacturer that offers system solutions for the automotive industry and other sectors. The company has several segments: Wiring Harness, Modules and Polymer Products, Vision Systems, Integrated Assemblies, and Emerging Businesses. The Modules and Polymer Products segment focuses on support services for modules and polymer products. 

The Vision Systems segment develops and supplies rearview mirrors and driver assistance technologies. The Integrated Assemblies segment produces high-quality integrated module assemblies and logistics for the automotive industry. Finally, Emerging Businesses include various areas such as Elastomers, Lighting & Electronics, and Precision Metals & Modules. Here’s a closer look at what products and services for different areas they offer:

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1- Automotive Components

SMIL makes important parts for vehicle performance and safety. The main product categories are:

• Wiring Harnesses: They make of wiring harnesses worldwide. They provide electrical systems that connect different parts of a vehicle, handling power distribution, data transfer, and control functions.
• Interior and Exterior Trim:  Offers a variety of trim products, like dashboards and door panels, that improve the look and function of vehicles. They also make exterior parts, such as bumpers and body panels, which enhance vehicle design and safety.
• Plastic and Polymer Components: They produce many plastic parts for vehicles, including structural and decorative items. Their knowledge of polymer technology ensures these parts are durable and perform well.
• Electrical and Electronic Components: The company makes important components like switches, sensors, and control units. These are crucial for modern vehicle features, including infotainment systems and safety systems.

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2- Global Manufacturing and Supply Chain

The company has a strong global manufacturing network with production facilities in different countries. This helps the company serve a wide range of customers, including big automotive manufacturers. Their supply chain includes:

• Just-in-Time (JIT) Delivery: The company uses JIT principles to deliver components on time and reduce inventory costs for OEMs (Original Equipment Manufacturers).
• Customization and Flexibility: SMIL provides tailored solutions based on client needs, adjusting products to comply with different regulations and market demands in various regions.

3- Research and Development (R&D)

Samvardhana Motherson invests a lot in research and development to create new ideas and improve its products. The main areas of focus are:

• New Technologies: The company is working on new technologies for electric and hybrid vehicles. This includes parts that help with advanced driver-assistance systems (ADAS).
• Sustainability Initiatives: The research and development team focuses on sustainable practices. They are creating eco-friendly materials and production methods that lower environmental impact.

4- Aftermarket Services

SMIL not only makes products but also offers support services after the sale, such as:

• Technical Support: The company helps OEMs and suppliers integrate their products into vehicles effectively.
• Repair and Replacement Services: SMIL offers replacement parts and repair services to improve the lifespan and reliability of automotive components.

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5- Strategic Partnerships and Collaborations

• SMIL has partnered with top global car makers and tech companies. These partnerships help the company stay updated on industry trends and new technologies.

6- Focus on Sustainability

• As part of its corporate responsibility, it focuses on responsible business practices. The company works to reduce its carbon footprint and encourages recycling and waste reduction in its operations.

Question 2: Who are the promoters of Samvardhana Motherson?

The Promoter are Mr. Vivek Chaand Sehgal, Mr. Laksh Vaaman Sehgal, Ms. Vidhi Sehgal, Ms. Renu Sehgal, Ms. Geeta Soni and Ms. Nilu Mehr. The Promoter group are Sumitomo Wiring Systems, Ltd., Japan and  H. K. Wiring Systems, Limited, Hong Kong (‘HKWS’)

Mr. Vivek Chaand Sehgal is the Chairman of the company. He is the chairman of the $23 billion Motherson Group, which he established with his mother in 1975.

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