Samvardhana Motherson International Limited ( (IN:MOTHERSON) ) has provided an update.
Samvardhana Motherson International Limited has announced proactive cost optimization measures through its subsidiary SMRP BV to enhance operating efficiencies in Central & Western Europe. These strategic initiatives aim to address the complexities of the evolving automotive production environment and supply chain challenges, targeting a cost optimization of approximately EUR 50 million annually over the next three years. The measures include operational initiatives and workforce recalibration, ensuring uninterrupted customer supplies while complying with regulatory norms.
More about Samvardhana Motherson International Limited
Samvardhana Motherson International Limited (SAMIL) is a leading global automotive component manufacturer for OEMs, established in 1986 as a joint venture with Sumitomo Wiring Systems. It is the largest auto ancillary in India and ranks among the top 15 automotive suppliers worldwide. SAMIL provides innovative and value-added products, services, and solutions to a diverse global customer base, supporting nearly all leading automobile manufacturers from over 400 facilities across 44 countries. The company has also diversified into non-automotive sectors including technology, industrial solutions, health & medical, aerospace, and logistics.
YTD Price Performance: -27.15%
Average Trading Volume: 839,171
Current Market Cap: 795.8B INR
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