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An update from Samvardhana Motherson International Limited ( (IN:MOTHERSON) ) is now available.
Samvardhana Motherson International Limited has completed the formation of its joint venture with South Korea’s Egtronics Co. Ltd. through its subsidiary Motherson Egtronics Electronics Solutions Limited, following the satisfaction of conditions precedent. The new entity, in which Motherson holds 51% and Egtronics 49%, will design, develop, manufacture and assemble clean mobility-related vehicle electronics, including DC-DC converters, auxiliary and traction inverters, on-board chargers and power distribution units for automotive and other industrial applications, underscoring the company’s strategic push into next-generation electric and electronic vehicle systems.
More about Samvardhana Motherson International Limited
Samvardhana Motherson International Limited is an India-headquartered automotive components group that supplies a wide range of systems and modules to vehicle manufacturers globally, with an increasing focus on advanced electronics and clean mobility technologies to serve the evolving needs of the automotive and related industries.
Average Trading Volume: 1,268,424
Technical Sentiment Signal: Buy
Current Market Cap: 1285B INR
Learn more about MOTHERSON stock on TipRanks’ Stock Analysis page.