Auto components and wiring major Motherson Sumi has unveiled an ambitious five-year plan – vision 2025. Under the plan, the company sees consolidated revenue rising to $36 billion and has guided for a 40 percent return on capital employed as part of the guidance.
The company has also said that it will ensure no country, customer or component contribute to more than 10 percent of overall revenue. Funds for growth will come from internal accruals and Motherson Sumi might also look at issuing equity if required.
The group on Monday also announced the acquisition of 75 percent stake in Turkish company Plast Met, marking its entry into the country. This is the company’s 25th acquisition, which increases its global footprint to 42 countries.
In an interview to CNBC-TV18, Vivek Chaand Sehgal, Chairman of Samvardhana Motherson Group, and Laksh Vaaman Sehgal, Vice Chairman of Samvardhana Motherson Group, discuss the road ahead for the company.
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