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16	16	Motherson Sumi Systems Limited (MSSL) is the flagship company of the Motherson Group. It was established in 1986 and has been listed at the Indian stock exchange since 1993. The company is a specialised full-system solutions provider and caters to a diverse range of customers in the automotive and other industries across Asia, Europe, North America, South America, Australia and Africa. It has a growing presence in wiring harnesses, rearview mirrors, cockpits, bumpers, interior trim as well as a broad range of other polymer, elastomer and metal-based parts and systems. It also offers proximity to its customers, supporting them in their product requirements across the globe.{{footnote}}https://www.motherson.com/performance/mssl-investors{{/footnote}}
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19	19	The Company has a presence in 41 countries and has over 220 facilities across 5 continents. The Company’s business in India consists of designing, manufacturing and supplying wiring harness systems to domestic customers in India across segments viz. passenger cars, commercial vehicles, motorcycles/two-wheeler segments etc. The Company also exports harnesses to OEMs in Japan, Europe as well as Tier 1 OEM Suppliers (including Company’s subsidiaries for mirrors business). Also, included in the portfolio is designing, development, manufacturing and supplying of interior and exterior modules as well as plastic components to OEMs in India. Rubber and metal parts are also manufactured and supplied to customers in India and exported to Europe.
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24		-== Business Segments ==
	26	+Business Segments
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26		-Motherson Group serves its customers with multiple products and services through its ten business divisions. {{footnote}}https://www.motherson.com/company/business-divisions{{/footnote}}
	28	+Motherson Group serves its customers with multiple products and services through its ten business divisions.
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	30	+[[https:~~/~~/www.motherson.com/company/business-divisions>>url:https://www.motherson.com/company/business-divisions]]
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29		-== Wiring Harness ==
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	33	+Wiring Harness
	34	+
31	31	Motherson Wiring Harness Division specialises in products that enable mobility around the world by being part of its customers’ transportation vehicles and helping people and businesses move around the globe, every single day.
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33	33	Products supplied by the company ensure the power supply and data transfer in various modes of transport and they play a key role in ensuring the safety and reliability of these vehicles.
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35	35	The company is one of the largest manufacturers of wiring harnesses and electrical components globally and is a complete solutions provider to all its customers - from the product and concept development with complete in-house design capability & global engineering support to manufacturing and aftersales service. The division’s vertical integration supports its customers with increased content and capabilities; components manufacturing, testing & validation and production engineering as well as enterprise production planning systems.
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40	40	Number of countries: 22
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43		-== Vision Systems ==
	49	+Vision Systems
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45	45	Motherson is one of the largest producers of rearview vision systems for the automotive industry, and supplies interior mirrors, exterior mirrors and camera-based detection systems to almost all major car makers globally. The company develops solutions for all categories of automotive mirror applications: from basic manually adjusted exterior and interior mirrors to electric control and high-value rearview vision systems with multiple integrated features and a high-performance camera-based rearview camera monitoring systems.
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47	47	The division also specialises in critical components to build sub-assemblies integrated into vision systems, such as light units, electric drive units, camera modules, electronic modules and reflector glass modules.
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49	49	A joint venture with Ningbo Huaxiang Electronic Co., Ltd. in China helps in the manufacturing of rearview mirrors in this region.
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54	54	Number of countries: 15
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57		-== Modules & Polymer Products ==
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	66	+Modules & Polymer Products
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59	59	Motherson is one of the world’s largest manufacturers of interior and exterior components from simple plastic parts and mechanical assemblies to highly integrated modules for all types of vehicles from small cars to luxury cars, commercial vehicles and large trucks. With its broad multi-market expertise as one of the leading suppliers in Germany, Spain, France, India and many other automotive regions in North America, South America, Europe and Asia, Motherson is able to offer competitive full system solutions catered to virtually all customer requirements.
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61	61	The division is a highly specialised technology and manufacturing expert in polymer and elastomer processing, precision moulding, aesthetic surfaces, fully-automated painting, mould-tooling, assembly and logistics.
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63	63	Joint ventures have been formed with Blanos Participaciones SL (Spain), Eissmann Automotive Slovensko s.r.o (Slovakia), Changshu Automotive Trim Co. Ltd. (China) and Marelli (Italy) to complement the division with product and geography-specific expertise.
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68	68	Number of countries: 24
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71		-== Precision Metals & Modules ==
	82	+Precision Metals & Modules
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73	73	The businesses and competencies covered under this division together address nearly the entire range of automotive components in metal spacing. The division has successfully established all the required technologies for any metal processing, including the integration of higher-level assembly.
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75	75	The group provides complete solutions in metalworking right from manufacturing to marketing a wide range of standard and customised cutting tools, gear cutting tools and machining of high precision metal machined components together with thin-film coating services. The product portfolio also includes press stamped parts; sintered metal parts; aluminium die casted products; thin film coating services of various tools and parts and manufacturing, marketing and installation of plastic material processing equipment and intelligent cooling systems.
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77	77	Important joint ventures have been forged in this division to fulfil the customer requirements with best in class technical expertise from global technology leaders.
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79	79	Motherson Sumi has joint venture partnerships for its different product segments with global industry leaders: Bergstrom Inc. (USA) for climate control systems, Valeo Thermal Commercial Vehicles (Germany) for air conditioners and roof hatches for buses, F Holding GmbH (Germany) for cabins for off-highway vehicles, Sumitomo Electric Industries (Japan) for cutting tools, Nissin Electric Co. Ltd. (Japan) for thin film coating metals, Matsui Mfg. Co. Ltd. (Japan), for auxiliary equipment for injection moulding machines and Frigel Firenze S.p.A. (Italy) for intelligent process cooling.
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84	84	Number of countries: 4
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87		-== Technology & Industrial Solutions ==
	102	+Technology & Industrial Solutions
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89	89	The Technology & Industrial Solutions division focuses on technology and providing critical support to all the other divisions of Motherson, by serving their IT needs and supporting product development, validation, prototyping, CAE services and tool design.
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91	91	The division has also forayed in the healthcare solutions and offers healthcare IT solutions that align technology, businesses and customers. The company work with external customers in their digital transformation journey and assist them in their automation process and the streamlining of business processes with its innovative IT solutions, thereby driving intelligence in the healthcare sector.
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93	93	The division also deals with telematics and designs and manufactures a comprehensive range of products including connected car infotainment systems, customised telematics units (GPS trackers, SOS and OBD devices) and defense and industrial IoT electronics.
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98	98	Number of countries: 7
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101		-== Lighting & Electronics ==
	119	+Lighting & Electronics
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103	103	The Lighting & Electronics division consists of a spectrum of businesses that focus on OEM supplies and also do business through direct channels. The bouquet of products that this division offers includes exterior lighting and electronics, passenger car HVAC compressors, body control modules, shock absorbers and products for backward integration like aluminium die-casted components and clutch assembly for HVAC Compressors. The division also engages in the area of direct B2B supply, utilizing various distributor networks and engaging in direct sales and services to the end customer for automotive parts in the independent aftermarket and marketing of air compressors and paint coating equipment.
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105	105	The Lighting & Electronics division serves the automotive sector together with other multiple industries. The division offers industry independent solutions in conjunction with many collaborators globally like Marelli (Italy) for lighting systems, electronics, shock absorbers and gas balancers; Youngshin Components Co Ltd. (South Korea) for clutches for car AC compressors and Anest Iwata Corporation (Japan) for air compressors and paint coating equipment.
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110	110	Number of countries: 11
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113		-== Aerospace ==
	132	+Aerospace
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115	115	The Aerospace division is a new initiative of Motherson to serve industries beyond automotive. The focus for this division is to become a preferred global solutions provider to Aerospace customers by providing integrated solutions to them, using the existing capabilities of Motherson and actively adding new competencies to meet their requirements.
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117	117	The Aerospace division is working in close collaboration with the other business divisions of Motherson and taking up greenfield and brownfield projects to serve customers both in India and overseas. The long-term growth perspective looks at developing new opportunities in this division and adding product and service lines that are not currently offered by the group.
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120		-== Logistics Solutions ==
	141	+Logistics Solutions
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122	122	The main focus areas of this division are external logistics, internal logistics and skilling of manpower
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124	124	The Logistics Division takes care of the transportation requirements of finished vehicle logistics in India, by developing modern, technological and socially conscious solutions for OEM customers. Simultaneously, this division also provides a single-window technology, empowering 4PL solutions for all Motherson companies.
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126	126	The division has a joint venture partnership with Hamakyorex Co., Ltd. which is one of the premium car carrier companies of Japan and is engaged in the car carriage, logistics and third-party logistics business internationally. This collaboration brings Japan’s technologically advanced, modern and ultra-safe transportation solutions to India.
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131	131	Number of countries: 1
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134		-== Health & Medical ==
	158	+Health & Medical
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136	136	The Health & Medical division is focused on helping people everywhere become and stay healthy, and enabling access to high-quality affordable care for everyone. This is done by providing innovative products, solutions and services in markets globally.
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138	138	Motherson is uniquely positioned to provide its partners with a simple, effective and highly resilient globally local solution for manufacturing, assembly and supply of their products. The Health & Medical division engages with medical equipment and medical device companies to forge strategic partnerships with Motherson for global manufacturing solutions that create and unlock value for them, and mitigate potential risks and disruptions to their global supply chains.
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143	143	Number of countries: 2
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146		-== Services ==
	171	+Services
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148	148	The divison aims to be truly visionary and think beyond the present capabilities of Motherson. It strives to meet the changing market needs of customers and has a futuristic approach in understanding industry trends and their relevance to the entire Motherson Group.The division also consists of businesses that engage in direct sales and services to the end customers. Most services of this division support the manufacturing operations of customers.
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151	151	The group has a joint venture partnership with Sojitz Corporation, Japan for developing the industrial park in Chennai, India. There is also a collaboration with T-NET JAPAN Co., Ltd., Japan for providing automotive engineering and consulting services for automotive and non-automotive industries.
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154		-= Financial Highlights =
	179	+Financial Highlights
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157	157	During FY 2019-20, the Company reported consolidated sales of Rs 625,731 million (US$ 8.3 billion) against Rs 625,716 million for FY 2018-19,
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167	167	During the year, The Company as a whole incurred capital expenditure of Rs 21,942 million (Previous Year Rs 26,853 million) which has been largely financed from internal accruals within the group.
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170		-== Q4 FY 2020-21 Result ==
	195	+Q4 FY 2020-21 Result
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172		-* Quarterly revenues of Rs. 17,844 crores, up by 19% {{footnote}}https://www.motherson.com/storage/financial-results/2020_2021/Q4/MSSL-Press-Release-on-Q4-FY21.pdf{{/footnote}}
173		-* Quarterly PAT of Rs. 714 crores, up by 290%.
174		-* Quarterly EBITDA, up by 44%
	197	+Quarterly revenues of Rs. 17,844 crores, up by 19%
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	199	+[[https:~~/~~/www.motherson.com/storage/financial-results/2020_2021/Q4/MSSL-Press-Release-on-Q4-FY21.pdf>>url:https://www.motherson.com/storage/financial-results/2020_2021/Q4/MSSL-Press-Release-on-Q4-FY21.pdf]]
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	201	+Quarterly PAT of Rs. 714 crores, up by 290%.
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	203	+Quarterly EBITDA, up by 44%
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177	177	Consolidated revenues in Q4FY21 more than pre-COVID levels as industrial activity picked up globally.
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179	179	Despite multiple headwinds such as chip shortage, higher commodity costs etc. the company sustained profitability
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181	181	Commenting on results, Mr Vivek Chaand Sehgal, Chairman, Motherson Sumi Systems Ltd said, “It is with great sorrow that the company pay tribute to all employees and their family members who have lost their lives due to COVID-19. The company mourn the loss of Mr. S C Tripathi, its independent director and chairman of the audit committee, who recently passed away due to the pandemic. The company as a Motherson family are united in the testing times and are fully committed to ensure safety of all its employees. The company appreciate the overwhelming support from shareholders with regards to the group re-organisation. It reinforces its belief in the merits of the reorganisation scheme. The Q4 and FY21 results are reflection of the tremendous hard work that its teams have put in globally despite multiple challenges and sets the tone for it to achieve its stated Vision 2025 targets.”
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184		-= Recent developments =
	214	+Recent developments
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187		-**SMRP BV successfully completed acquisition of majority stake in Plast Met Group through its subsidiary SMR **{{footnote}}https://www.motherson.com/storage/Corporate%20Announcements/FY%202021-22/Press_Release_SMRPBV.pdf{{/footnote}}
	217	+SMRP BV successfully completed acquisition of majority stake in Plast Met Group through its subsidiary SMR
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189	189	29 April 2021; Samvardhana Motherson Automotive Systems Group BV (SMRPBV), announced the successful closure of acquisition of a majority stake in Plast Met Plastik Metal San. İmalatveTic.A.Ş.(PM-Bursa) and Plast Met Kalıp San.veTic.A.Ş.(PM-Istanbul) together known as Plast Met group (Turkey) through its subsidiary Samvardhana Motherson Reflectec (SMR).
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	221	+[[https:~~/~~/www.motherson.com/storage/Corporate%20Announcements/FY%202021-22/Press_Release_SMRPBV.pdf>>url:https://www.motherson.com/storage/Corporate%20Announcements/FY%202021-22/Press_Release_SMRPBV.pdf]]
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191	191	With the successful closure of this acquisition, Motherson Group now has access to significant Turkish automotive market. Plast Met is a large automotive supplier in Turkey for injection moulded parts and sub-assemblies, and also owns a state of art commercial tool room engaged in manufacture and supplying of high end injection moulding tools to customers worldwide. Building on the capabilities of Plast Met group, Motherson will be able to support its customers in the European region more efficiently.
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193	193	Commenting on the deal, Mr Vivek Chaand Sehgal, Chairman, Motherson Group said, “The company welcome entire team of Plast Met into the Motherson family. Motherson is committed to serve its customers globally. The company's footprint in the strategically important market of Turkey gives it enhanced competitive advantage for its European customers. In house tooling capability in the region will give it better control on the cost and quality. This acquisition reaffirms its vision of being a globally preferred solutions provider”
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	227	+About Plast Met
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196		-**About Plast Met**
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198	198	Plast Met was founded in 1987 by Mr. Erol Senol, who is a first-generation entrepreneur. The group is based out of Turkey and is an important supplier of plastic moulded parts, related subassemblies, and injection moulding tools. It reported a turnover of Euro 33 million in 2019 and Euro 28mn (unaudited) in 2020. Two facilities of Plast Met are located at Istanbul and Bursa in Turkey and employ approximately 400 personnel.
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201		-**About Samvardhana Motherson Automotive Systems Group BV (SMRP BV)**
	232	+About Samvardhana Motherson Automotive Systems Group BV (SMRP BV)
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203	203	Samvardhana Motherson Automotive Systems Group BV (SMRPBV) is a Motherson Group Company. SMRPBV is a joint venture between Motherson Sumi Systems Limited (MSSL) and Samvardhana Motherson International Limited (SAMIL). SMRPBV is present in all major global automotive production regions, with 70 production facilities spread across 24 countries.
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206		-**Motherson Sumi Systems Ltd. successfully completes the acquisition of Bombardier’s Electrical Wiring Interconnection Systems (EWIS) business in Huehuetoca, Mexico. **{{footnote}}https://www.motherson.com/storage/Corporate%20Announcements/FY%202021-22/Press-Release-3rd-may.pdf{{/footnote}}
	237	+Motherson Sumi Systems Ltd. successfully completes the acquisition of Bombardier’s Electrical Wiring Interconnection Systems (EWIS) business in Huehuetoca, Mexico.
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208		-**03 May 2021**; Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), has successfully completed the acquisition of assets and activities of Electrical Wiring Interconnection Systems (EWIS) performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico (BT Ensambles México). MRS is part of the Motherson Rolling Stock Division which designs and manufactures electrical cabinets, power packs and electrical distribution systems for leading rolling stock manufacturers.
	239	+03 May 2021; Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), has successfully completed the acquisition of assets and activities of Electrical Wiring Interconnection Systems (EWIS) performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico (BT Ensambles México). MRS is part of the Motherson Rolling Stock Division which designs and manufactures electrical cabinets, power packs and electrical distribution systems for leading rolling stock manufacturers.
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	241	+[[https:~~/~~/www.motherson.com/storage/Corporate%20Announcements/FY%202021-22/Press-Release-3rd-may.pdf>>url:https://www.motherson.com/storage/Corporate%20Announcements/FY%202021-22/Press-Release-3rd-may.pdf]]
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210	210	The company has supported Bombardier’s transformation process over the last years and the successful closure of this acquisition in Mexico is in alignment with the same. In the past the company had also acquired Bombardier’s UK rolling stock electrical component and systems business in Derby
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212	212	Mr. Vivek Chaand Sehgal, Chairman, MSSL said, “Motherson is driven by its vision ofbeing a globally preferred solutions provider to its customers. By strengthening the Rolling stock product portfolio in American region, the company reaffirm its commitment to its customers, Motherson Sumi is very happy that the teams involved worked relentlessly to close this deal despite the pandemic induced challenges. The company would also like to take this opportunity to warmly welcome the team at Huehuetoca, Mexico into the Motherson family.
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214	214	Mr. André Gerstner, President, MRS, said “Motherson Sumi is grateful and honored to Bombardier Transportation (BT) for giving it the opportunity to build a real global partnership. Now Motherson Sumi is proud to take this relationship with Alstom to a next level in the years to come”
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217		-= References =
	250	+References
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219	219	{{putFootnotes/}}