Motherson Sumi - Entreprenuernewsnetwork

Motherson Sumi Wiring India Reports 11% Revenue Growth, 2% PAT Decline in Q1FY24

July 29, 2023 by Entreprenuer News Network Bureau

Motherson Sumi Wiring India Limited (MSWIL) recently released its financial results for the first quarter of the fiscal year 2023-24, which concluded on 30th June 2023. Vivek Chaand Sehgal, Chairman of Motherson Sumi Wiring India Ltd., expressed his satisfaction with the company’s performance, highlighting the positive impact of additional capacities created in previous quarters on … Read more

Sumitomo Wiring Systems, Ltd sells 3.4% of shares in Samvardhana Motherson International Limited

March 16, 2023 by Entreprenuer News Network Bureau

Sumitomo Wiring Systems, Ltd., Japan (hereafter “SWS”) and H.K. Wiring Systems Limited (hereafter “HKWS”), a 100% subsidiary of SWS, jointly hold 17.72% shares of Samvardhana Motherson International Limited (hereafter SAMIL). Today, SWS has sold 3.4% shares held in SAMIL through ‘bulk deal’ at stock exchange in India as part of global deleveraging strategy to fund … Read more