Automobile

Motherson has all the pieces of the EV puzzle in place. Will the auto component maker’s big bet pay off?

By Eduardo Saverin

Laksh Vaaman Sehgal vice chairman and Vivek Chaand Sehgal chairman of Motherson group holding a red circle, which symbolises sustainable initiatives by the group; image courtesy of company.

Synopsis

The Noida-based auto-ancillary player, which has been on an acquisition spree, is likely to add more companies into its fold to make the most of the global shift to EVs. Can Motherson leverage its diverse product base and market presence to drive the next phase of growth?

More than two decades since the buyout of Ireland’s Wexford Electronics, its first in a string of acquisitions, the Motherson group seems to be in no mood to take its right foot off the pedal. As countries across the globe are in a hurry to phase out internal combustion engines (ICE), the Indian auto components maker is betting big on the opportunity from mass transition to electric vehicles (EV). This is already reflecting in the Noida-based

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Eduardo Saverin