Samvardhana Motherson International Ltd (SAMIL), a major auto component manufacturer, intends to leverage technologies gained from global expansion to capitalize on emerging opportunities in the Indian automotive market. The growing demand for advanced solutions is driven by rising product standards and the transition to stricter emission norms.
This strategy is part of the company's broader goal—Vision 2030—which aims to achieve a gross revenue of $108 billion by 2029–2030. Pankaj Mittal, Director and President, and Gandharv Tongia, Group CFO, presented the company's growth priorities in an interview with PTI.
These priorities include integrating globally acquired technologies into India, expanding presence across various business segments and geographies, and strengthening customer relationships. Mittal noted that India's growth will have a significant positive impact on the company, as it possesses numerous technologies, product quality in the country is improving, and the nation is moving towards the latest emission standards.
He added that through acquisitions, the company has gained access to new technologies that meet global standards and can now offer them to the Indian market as best-in-class solutions.
Regarding internal growth, Tongia reported that the Indian automotive industry has shown double-digit growth since the easing of GST, and the company expects this momentum to continue. He emphasized that structurally, India is a powerful consumer hub, and growth will persist.
Tongia also mentioned that Motherson maintains a strong balance sheet and order book supported by both organic and inorganic business expansion, contributing to the long-term revenue target. The company is targeting a gross revenue of $108 billion by 2030, and Tongia expressed optimism about the prospects.
Mittal clarified that the acquisition strategy will continue to be dictated by customer needs. If solutions cannot be provided independently by the group, joint ventures or acquisitions are being considered. Most such acquisitions have been initiated by clients.
The group is also striving to reduce dependence on demand fluctuations in individual markets by diversifying across automotive segments, geographies, and new verticals, while increasing vehicle content and attracting new customers. Strategy 3CX10 is being implemented, which ensures diversification, allowing for solutions to be found in other segments or markets if one experiences a downturn.
Concerning the rise in copper prices, Tongia explained that in the wire harness manufacturing business, which accounts for about 30 percent of the group's revenue, contractual agreements allow for passing on changes in input costs to customers quarterly or semi-annually. Therefore, he stated that no significant impact on profitability due to copper prices is expected.



