AnnualReport2019-2020

Strive not to be a success, but rather to be of value.

Unit 705, C Wing, ONE BKC, Bandra Kurla Complex, Bandra East Mumbai - 400051, Maharashtra, India, Website : www.smil.co.in

Samvardhana MothersonInternational Limited

Annual Report 20

19-2020

Samvardhana M

othersonIn

ternatio

nal

Limited

DisclaimerIn this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take informed

investment decisions. This report and other statements – written and oral – that we periodically make contain forward-looking statements that set

out anticipated results based on the management’s plans and assumptions. We have tried, wherever possible, to identify such statements by using

words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion

of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in

our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or

uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or

projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new

information, future events or otherwise.

DisclaimerIn this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take informed

investment decisions. This report and other statements – written and oral – that we periodically make contain forward-looking statements that set

out anticipated results based on the management’s plans and assumptions. We have tried, wherever possible, to identify such statements by using

words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion

of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in

our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or

uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or

projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new

information, future events or otherwise.

1Annual Report 2019-2020

Chief Financial OfficerMr. Manish Kumar Goyal

Deputy Chief Financial OfficerMr. Rajinder Kumar Bansal

Registered OfficeUnit 705, C Wing, ONE BKC, G BlockBandra Kurla Complex, Bandra East,Mumbai-400051, Maharashtra, India Investor CellMs. Pooja Mehra (Company Secretary)E-mail: poojamehra@samil.motherson.com Registrar and Share Transfer AgentLink Intime India Private LimitedC-101, 247 Park, L.B.S Marg, Vikhroli WestMumbai - 400083

Statutory AuditorsS.R. Batliboi & Co. LLP, Chartered Accountants(Firm Registration No.: 301003E/E300005)Golf View Corporate Tower-B,Sector-42, Sector Road,Gurugram – 122002,Haryana, India

Internal AuditorsProtiviti Advisory India Member Private Limited15th Floor, Tower A, DLF Building No. 5, DLF Phase III, DLF Cyber City, Gurugram-122002, Haryana, India

Bankers Axis Bank Ltd.

Board of Directors

Mr. Vivek Chaand SehgalChairman

Mr. Laksh Vaaman SehgalDirector

Mr. Sanjay MehtaWhole Time Director

Mr. Bimal DharDirector

Ms. Geeta SoniDirector

Mr. Hiroshi MorimotoDirector

Mr. Vivek AvasthiDirector

Mr. Dhruv MehraDirector

Mr. Sanjay KaliaIndependent Director

Ms. Madhu BhaskarIndependent Director

Mr. Shigeru OguraDirector

Corporate information.

Debenture TrusteeIDBI Trusteeship Services LimitedAsian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate,Mumbai- 400 001, Maharashtra, India

2 Samvardhana Motherson International Limited 3Annual Report 2019-2020

Annual Report 2019-20Table of contentsP.2

Theme 2019-20Strive not to be a success, but rather to be of valueP.4

Chairman's letterP.6

About SAMIL Samvardhana Motherson International Ltd.P.10

SAMIL shareholding structure P.12

A diversified group with shared principlesP.13

Major group holding companies Motherson Sumi Systems Limited (MSSL)P.14

Major group holding companiesSamvardhana Motherson Automotive Systems Group B.V. (SMRP BV)P.16

About Motherson Serving customers globallyP.18

About Motherson Business portfolioP.20

SAMIL business divisionsWiring HarnessP.22

Vision SystemsP.23

Modules & Polymer ProductsP.24

2 Samvardhana Motherson International Limited 3Annual Report 2019-2020

Table ofcontents.

Technology & Software P.25

Metal ProductsP.26

Retail & ServicesP.27

AerospaceP.28

LogisticsP.29

Health & MedicalP.30 Awards and recognitionsP.32

Directors’ reportP.37

Financial statementsP.61

2 Samvardhana Motherson International Limited 3Annual Report 2019-2020

Annual Report 2019-20Table of contentsP.2

Theme 2019-20Strive not to be a success, but rather to be of valueP.4

Chairman's letterP.6

About SAMIL Samvardhana Motherson International Ltd.P.10

SAMIL shareholding structure P.12

A diversified group with shared principlesP.13

Major group holding companies Motherson Sumi Systems Limited (MSSL)P.14

Major group holding companiesSamvardhana Motherson Automotive Systems Group B.V. (SMRP BV)P.16

About Motherson Serving customers globallyP.18

About Motherson Business portfolioP.20

SAMIL business divisionsWiring HarnessP.22

Vision SystemsP.23

Modules & Polymer ProductsP.24

2 Samvardhana Motherson International Limited 3Annual Report 2019-2020

Table ofcontents.

Technology & Software P.25

Metal ProductsP.26

Retail & ServicesP.27

AerospaceP.28

LogisticsP.29

Health & MedicalP.30 Awards and recognitionsP.32

Directors’ reportP.37

Financial statementsP.61

4 Samvardhana Motherson International Limited 5Annual Report 2019-2020

for Motherson, exposing us to higher value and fast-expanding markets. Such value-led success lasts longer and is more sustainable and fulfilling. Being of value to all its stakeholders creates lasting relationships with each one of them and this forms the cornerstone of what Motherson is today.

Motherson’s DNA is that of inclusive growth which is achieved through value creation at every step. Success becomes a natural by-product to this approach of creating value. It reflects our belief that the long-term success of

a company lies not just in its physical assets but also in its intangible assets.

In its journey of 45 years, Motherson has evolved as one of the top auto ancillary groups globally. We are market leaders in many of our product verticals and cater to customers across the globe. We look back with great pride and gratefulness for the support of our customers, investors and employees who made this possible.

To maintain our leadership position in the market and scale further heights, a steady

focus on the vision and propelling the value creation culture is imperative.

This year marked the end of our 5th five year plan and the launching of our sixth 5-year plan for 2025. Every end is also a beginning. Our 2025 plan will bring us new opportunities and take us to new heights. Together we will continue creating value for all.

Motherson has always believed in the core principle of being of value to all its stakeholders.

The value creation philosophy of Motherson which truly takes all stakeholders in its ambit is also its path to success. The stakeholders here being our customers who form the foundation of our vision of being a globally preferred solutions provider for them. Understanding their requirements both present and prospective, and providing them with solutions helps in adding value to their products and the supply chain. Our

collaborators who partner with us to generate value with the solutions that we provide to our customers. Our investors who place their trust in us and to whom we are committed to providing good returns. Our employees form the backbone of the organisation. It is through them- their high morale, employee satisfaction, and a culture that reinforces the values of the organisation that Motherson builds its character. And lastly, the societies where we operate, we always work towards supporting their well-being.

Achieving the above is success

for Motherson. Motherson’s overall aim is to support our customers and other stakeholders in ways that help them thrive and be more successful. To be part of their success is very meaningful and motivating for us.

This motivation propels us to put in more effort and deliver exceptional results every single time, across a broad range of parameters. We gain the trust of all our stakeholder through consistently reliable performance. This trust is leveraged to benefit us as well as our customers. It generates customer-led growth

“Strive not to be a success, but rather to be of value.”

4 Samvardhana Motherson International Limited 5Annual Report 2019-2020

for Motherson, exposing us to higher value and fast-expanding markets. Such value-led success lasts longer and is more sustainable and fulfilling. Being of value to all its stakeholders creates lasting relationships with each one of them and this forms the cornerstone of what Motherson is today.

Motherson’s DNA is that of inclusive growth which is achieved through value creation at every step. Success becomes a natural by-product to this approach of creating value. It reflects our belief that the long-term success of

a company lies not just in its physical assets but also in its intangible assets.

In its journey of 45 years, Motherson has evolved as one of the top auto ancillary groups globally. We are market leaders in many of our product verticals and cater to customers across the globe. We look back with great pride and gratefulness for the support of our customers, investors and employees who made this possible.

To maintain our leadership position in the market and scale further heights, a steady

focus on the vision and propelling the value creation culture is imperative.

This year marked the end of our 5th five year plan and the launching of our sixth 5-year plan for 2025. Every end is also a beginning. Our 2025 plan will bring us new opportunities and take us to new heights. Together we will continue creating value for all.

Motherson has always believed in the core principle of being of value to all its stakeholders.

The value creation philosophy of Motherson which truly takes all stakeholders in its ambit is also its path to success. The stakeholders here being our customers who form the foundation of our vision of being a globally preferred solutions provider for them. Understanding their requirements both present and prospective, and providing them with solutions helps in adding value to their products and the supply chain. Our

collaborators who partner with us to generate value with the solutions that we provide to our customers. Our investors who place their trust in us and to whom we are committed to providing good returns. Our employees form the backbone of the organisation. It is through them- their high morale, employee satisfaction, and a culture that reinforces the values of the organisation that Motherson builds its character. And lastly, the societies where we operate, we always work towards supporting their well-being.

Achieving the above is success

for Motherson. Motherson’s overall aim is to support our customers and other stakeholders in ways that help them thrive and be more successful. To be part of their success is very meaningful and motivating for us.

This motivation propels us to put in more effort and deliver exceptional results every single time, across a broad range of parameters. We gain the trust of all our stakeholder through consistently reliable performance. This trust is leveraged to benefit us as well as our customers. It generates customer-led growth

“Strive not to be a success, but rather to be of value.”

6 Samvardhana Motherson International Limited 7Annual Report 2019-2020

Dear Shareholders,

I hope that this letter finds you and your families safe and well during these unprecedented times. COVID-19 offers a reminder of the importance of things we sometimes take for granted, our personal well-being and the relationships with those we hold dear. On behalf of Motherson, I would like to wish you strength and wisdom in navigating these challenging events.

Letter fromthe Chairman.

6 Samvardhana Motherson International Limited 7Annual Report 2019-2020

6 Samvardhana Motherson International Limited 7Annual Report 2019-2020

Dear Shareholders,

I hope that this letter finds you and your families safe and well during these unprecedented times. COVID-19 offers a reminder of the importance of things we sometimes take for granted, our personal well-being and the relationships with those we hold dear. On behalf of Motherson, I would like to wish you strength and wisdom in navigating these challenging events.

Letter fromthe Chairman.

6 Samvardhana Motherson International Limited 7Annual Report 2019-2020

8 Samvardhana Motherson International Limited 9Annual Report 2019-2020

In the year 2019-20, the Company further enhanced its capacity in line with new customer orders to launch its fourth manufacturing plant at Pune (Maharashtra, India)

The joint venture company Valeo Motherson Thermal Commercial Vehicles India Ltd. is doing well with growth of 10% with revenues at INR 1111 million. The company is consistently adding new customers and has also entered the cold chain vertical.

The joint venture company Anest Iwata Motherson Private Ltd. is doing well with growth of 8% with revenues at INR 926 million.

CTM India Limited (CTM) which is engaged in the manufacture of Injection moulding tools, recorded a revenues of INR 1219 million for FY2019-20, a growth of 20% since last year.

In summary, we have seen strong growth and good profitability across our diversified and international portfolio of companies, products and joint ventures. As a result, we are very optimistic about the future growth of SAMIL.

Our new 5-Year Plan for 2025This year we start our 6th 5-Year Plan. Our 5-Year Plans help us to remain focused in the long-term and bring us exciting prospects for working closely

together to be of great value to all our stakeholders. Our targets have helped us diversify ourselves, increase our global footprint and work towards new technology innovations, all with the objective of fulfilling the requirements of our customers, who are always providing us with opportunities, for which we are deeply grateful.

Based on the continued trust of our customers and investors, the resilience of our teams and a strong balance sheet, we set ourselves the following targets for 2025:

• USD 36 billion revenues in 2024-25 with 40% ROCE (consolidated)

• 3CX10: No country, customer or component should contribute more than 10% to our revenues

• 75% of revenues from automotive industry, 25% from new divisions

• 40% of consolidated profit as dividend

In the next 5 years, we will be pivoting to new industries with our current capabilities and skills. We have already forayed into a few new segments in the past few years: Aerospace, Logistics and Health & Medical. The coming years will see us strengthen our position in these segments and have these divisions contribute significantly to the Motherson targets. We start a new chapter in the growth trajectory of Motherson.I want to express our heartfelt gratitude

to all our customers, who have stood by us in these difficult times and placed their trust in us. We believe the future holds tremendous new opportunities for all of us.

To our investors, thank you for your continued trust, support and encouragement. To our collaborators, thank you for ensuring that we bring world-class solutions to our customers on time. Our joint efforts will go a long way in providing efficient and effective solutions that we will continue to deliver to our customers. We are grateful to our employees for their commitment and dedication to the organisation’s goals. It is with your efforts that Motherson has built its strong foundation and will keep strengthening and building on it in the future. We are also very proud of them for the way they have handled the COVID situation and their adherence to the health guidelines has been exemplary.

We would like to thank all local, state and national governments, concerned bodies, and the banks and financial institutions in all countries where we operate with their support and collaboration. On behalf of Motherson, thank you all.

Together we continue our journey towards 2025!

Sincerely yours,

Vivek Chaand SehgalChairman,Samvardhana MothersonInternational Limited

At Motherson, we have worked hard to stand with our customers, partners, employees and communities in this critical time. We are combatting these circumstances by staying true to our values and supporting all our stakeholders in whatever manner we can.

To be of valueThe theme for this year’s annual report is - ‘Strive not to be a success, but rather to be of value.’ We have always worked towards creating value for all our stakeholders. For us, success is a by-product of this approach. Naturally, our results have been impacted by the unprecedented challenges posed by the COVID-19 pandemic. We are present in 41 countries that are all dealing and fighting against the pandemic and its aftermath. As they say, adversity brings out your true character and I believe that our people across the world have shown tremendous resilience and adaptability.

We were fortunate to enter this crisis in a position of strength. Samvardhana Motherson International Limited (SAMIL) has grown strongly over the past year, providing a good closing of the period of our 5th 5-Year Plan. SAMIL, the principal holding company of the Motherson Group directed revenues of INR 13,358 million.

We had a productive year, strengthening our relationships with our customers by engaging with them in their growth journey, focusing on innovations, building new partnerships and preparing to start another leg of our journey with Vision 2025. Closing Vision 2020In 2015, we presented our 5th 5-Year Plan - Vision 2020 – which set-out our targets and aspirations. Our route to these targets has been a combination of organic and inorganic growth, and the past five years have seen many important milestones. We have almost doubled our revenues and have made the largest capital expenditure investments in the

history of Motherson. To further amplify liquidity, we initiated to raise more funds. In India, the Board of MSSL approved to raise INR 10 billion, of which NCDs of INR 5 billion have been issued. We acquired PKC and SMRC and successfully integrated them into the Motherson DNA.

Our target has always been to achieve top-line growth as well as Return on Capital Employed (ROCE). Due to COVID-19, we did not see good opportunities that would meet both these targets at the same time. This has hindered us in closing several acquisitions that would have brought us closer to or above the revenue target. However, on the positive side, there is a possibility that the economic circumstances created by the pandemic make the available opportunities more attractive.

Our divisions and joint venturesMost of our divisions have done well. For Motherson Sumi Systems Limited, our flagship company, FY 2019-20 has been a year of strong performance, closing the period of our 5th 5-Year Plan.Consolidated sales of MSSL ended at INR 674 billion (USD 8.9 billion including netted revenue in reported revenue as per IND AS 115). SMRP BV recorded an annual growth of 6%. There was a ramp-up in production at Greenfield plants in the USA and Hungary. Also, the full-year consolidation of SMRC’s result was taken into account. The company has a robust order book of INR 107,122 crores (Euro 13.6 billion) at the SMRP BV level, which reflects a continued trust and commitment from our customers.

MothersonSumi INfotech & Designs Ltd. (MIND), our company that provides end-to-end enterprise IT services and solutions to businesses globally, and is also the IT backbone of Motherson providing solutions globally, posted a growth of 6% with revenues at INR 4202 million.

In the logistics segment, we launched

Samvardhana Motherson Hamakyorex Engineered Logistics Limited (SAMRX), a JV company between Samvardhana Motherson International Ltd. (SAMIL), India and Hamakyorex Co. Ltd., Japan. SAMRX aims to revolutionise the transportation of finished vehicles in India by developing a modern, technology-enabled and a socially conscious equitable solution for the OEM customers.

We have an industrial park project in Chennai, India called Sojitz Motherson Industrial Park (SMIP), developed by Motherson Auto Solutions Ltd., in JV with Sojitz Corporation of Japan. SMIP is the first Japanese-affiliated general industrial park in India. The park designed to accommodate auto ancillary manufacturing units and light engineering units, was inaugurated and is expected to commence business from this year.

Motherson Techno Tools Limited is our metal company engaged in providing a complete range of metal cutting solutions. The company this year has added to its product basket different kinds of milling cutters that fulfill specific requirements of customers in this segment. The company has also forayed into manufacturing aircraft engine components.

Our Lighting JV with Marelli, “Marelli Motherson Automotive Lighting India Private Limited” continued to beat expectations registering a growth of 22% over the previous year with revenues at INR 8679 million to become one of the largest passenger car lighting suppliers in India. Over the last 5 year plan, the company has grown four times in revenues and has gained customer trust through the successful launch of cutting edge technological products delivered at competitive prices and world class quality.

8 Samvardhana Motherson International Limited 9Annual Report 2019-2020

In the year 2019-20, the Company further enhanced its capacity in line with new customer orders to launch its fourth manufacturing plant at Pune (Maharashtra, India)

The joint venture company Valeo Motherson Thermal Commercial Vehicles India Ltd. is doing well with growth of 10% with revenues at INR 1111 million. The company is consistently adding new customers and has also entered the cold chain vertical.

The joint venture company Anest Iwata Motherson Private Ltd. is doing well with growth of 8% with revenues at INR 926 million.

CTM India Limited (CTM) which is engaged in the manufacture of Injection moulding tools, recorded a revenues of INR 1219 million for FY2019-20, a growth of 20% since last year.

In summary, we have seen strong growth and good profitability across our diversified and international portfolio of companies, products and joint ventures. As a result, we are very optimistic about the future growth of SAMIL.

Our new 5-Year Plan for 2025This year we start our 6th 5-Year Plan. Our 5-Year Plans help us to remain focused in the long-term and bring us exciting prospects for working closely

together to be of great value to all our stakeholders. Our targets have helped us diversify ourselves, increase our global footprint and work towards new technology innovations, all with the objective of fulfilling the requirements of our customers, who are always providing us with opportunities, for which we are deeply grateful.

Based on the continued trust of our customers and investors, the resilience of our teams and a strong balance sheet, we set ourselves the following targets for 2025:

• USD 36 billion revenues in 2024-25 with 40% ROCE (consolidated)

• 3CX10: No country, customer or component should contribute more than 10% to our revenues

• 75% of revenues from automotive industry, 25% from new divisions

• 40% of consolidated profit as dividend

In the next 5 years, we will be pivoting to new industries with our current capabilities and skills. We have already forayed into a few new segments in the past few years: Aerospace, Logistics and Health & Medical. The coming years will see us strengthen our position in these segments and have these divisions contribute significantly to the Motherson targets. We start a new chapter in the growth trajectory of Motherson.I want to express our heartfelt gratitude

to all our customers, who have stood by us in these difficult times and placed their trust in us. We believe the future holds tremendous new opportunities for all of us.

To our investors, thank you for your continued trust, support and encouragement. To our collaborators, thank you for ensuring that we bring world-class solutions to our customers on time. Our joint efforts will go a long way in providing efficient and effective solutions that we will continue to deliver to our customers. We are grateful to our employees for their commitment and dedication to the organisation’s goals. It is with your efforts that Motherson has built its strong foundation and will keep strengthening and building on it in the future. We are also very proud of them for the way they have handled the COVID situation and their adherence to the health guidelines has been exemplary.

We would like to thank all local, state and national governments, concerned bodies, and the banks and financial institutions in all countries where we operate with their support and collaboration. On behalf of Motherson, thank you all.

Together we continue our journey towards 2025!

Sincerely yours,

Vivek Chaand SehgalChairman,Samvardhana MothersonInternational Limited

At Motherson, we have worked hard to stand with our customers, partners, employees and communities in this critical time. We are combatting these circumstances by staying true to our values and supporting all our stakeholders in whatever manner we can.

To be of valueThe theme for this year’s annual report is - ‘Strive not to be a success, but rather to be of value.’ We have always worked towards creating value for all our stakeholders. For us, success is a by-product of this approach. Naturally, our results have been impacted by the unprecedented challenges posed by the COVID-19 pandemic. We are present in 41 countries that are all dealing and fighting against the pandemic and its aftermath. As they say, adversity brings out your true character and I believe that our people across the world have shown tremendous resilience and adaptability.

We were fortunate to enter this crisis in a position of strength. Samvardhana Motherson International Limited (SAMIL) has grown strongly over the past year, providing a good closing of the period of our 5th 5-Year Plan. SAMIL, the principal holding company of the Motherson Group directed revenues of INR 13,358 million.

We had a productive year, strengthening our relationships with our customers by engaging with them in their growth journey, focusing on innovations, building new partnerships and preparing to start another leg of our journey with Vision 2025. Closing Vision 2020In 2015, we presented our 5th 5-Year Plan - Vision 2020 – which set-out our targets and aspirations. Our route to these targets has been a combination of organic and inorganic growth, and the past five years have seen many important milestones. We have almost doubled our revenues and have made the largest capital expenditure investments in the

history of Motherson. To further amplify liquidity, we initiated to raise more funds. In India, the Board of MSSL approved to raise INR 10 billion, of which NCDs of INR 5 billion have been issued. We acquired PKC and SMRC and successfully integrated them into the Motherson DNA.

Our target has always been to achieve top-line growth as well as Return on Capital Employed (ROCE). Due to COVID-19, we did not see good opportunities that would meet both these targets at the same time. This has hindered us in closing several acquisitions that would have brought us closer to or above the revenue target. However, on the positive side, there is a possibility that the economic circumstances created by the pandemic make the available opportunities more attractive.

Our divisions and joint venturesMost of our divisions have done well. For Motherson Sumi Systems Limited, our flagship company, FY 2019-20 has been a year of strong performance, closing the period of our 5th 5-Year Plan.Consolidated sales of MSSL ended at INR 674 billion (USD 8.9 billion including netted revenue in reported revenue as per IND AS 115). SMRP BV recorded an annual growth of 6%. There was a ramp-up in production at Greenfield plants in the USA and Hungary. Also, the full-year consolidation of SMRC’s result was taken into account. The company has a robust order book of INR 107,122 crores (Euro 13.6 billion) at the SMRP BV level, which reflects a continued trust and commitment from our customers.

MothersonSumi INfotech & Designs Ltd. (MIND), our company that provides end-to-end enterprise IT services and solutions to businesses globally, and is also the IT backbone of Motherson providing solutions globally, posted a growth of 6% with revenues at INR 4202 million.

In the logistics segment, we launched

Samvardhana Motherson Hamakyorex Engineered Logistics Limited (SAMRX), a JV company between Samvardhana Motherson International Ltd. (SAMIL), India and Hamakyorex Co. Ltd., Japan. SAMRX aims to revolutionise the transportation of finished vehicles in India by developing a modern, technology-enabled and a socially conscious equitable solution for the OEM customers.

We have an industrial park project in Chennai, India called Sojitz Motherson Industrial Park (SMIP), developed by Motherson Auto Solutions Ltd., in JV with Sojitz Corporation of Japan. SMIP is the first Japanese-affiliated general industrial park in India. The park designed to accommodate auto ancillary manufacturing units and light engineering units, was inaugurated and is expected to commence business from this year.

Motherson Techno Tools Limited is our metal company engaged in providing a complete range of metal cutting solutions. The company this year has added to its product basket different kinds of milling cutters that fulfill specific requirements of customers in this segment. The company has also forayed into manufacturing aircraft engine components.

Our Lighting JV with Marelli, “Marelli Motherson Automotive Lighting India Private Limited” continued to beat expectations registering a growth of 22% over the previous year with revenues at INR 8679 million to become one of the largest passenger car lighting suppliers in India. Over the last 5 year plan, the company has grown four times in revenues and has gained customer trust through the successful launch of cutting edge technological products delivered at competitive prices and world class quality.

10 Samvardhana Motherson International Limited 11Annual Report 2019-2020

offerings in new areas that include Logistics and Medical Diagnostic Equipment.

SAMIL’s capability lies in forging partnerships with global technological leaders. It helps build the group’s diverse product portfolio. Today, the group has 33 joint-venture partners who are leaders in their respective fields. The force that drives all these partnerships is the aim to augment capabilities to fulfil the ever- evolving customer requirements and create win-win relationships. The most recent joint venture of the group is with Hamakyorex Co. Ltd. – a company based in Hamamatsu, Japan for finished vehicle logistics in India. This

led to the formation of the new logistics company of the group - Samvardhana Motherson Hamakyorex Engineered Logistics Ltd. (SAMRX)

SAMIL provides direction for vertical and horizontal integration as the foundation of growth within the group. It helps enrich skills and learning from emerging technology domains to support its customers. The ability of SAMIL to source from within the group is a vital aspect for cost cutting, reliability, quality maintenance, and timeliness. SAMIL drives the shared services of the group such as IT systems that form the information backbone, procurement and back-office services to ensure that all

back-end requirements are met efficiently and seamlessly.

SAMIL also binds and manages the Group’s acquisitions. In keeping with its strategy for inorganic growth, since 2002, the group has made 23 successful acquisitions. SAMIL’s careful integration of business strategies with compelling value propositions has been its way of attaining excellence, thus creating more value for all its stakeholders – its customers, investors, partners, shareholders and employees.

Samvardhana Motherson International Ltd. (SAMIL) is the principal holding company of Motherson Group. It serves as the nerve centre for the group and drives growth and value creation for all its stakeholders by building synergies within Motherson.

It provides operational, strategic and management support to all group companies. SAMIL leverages its incubator capacity to unlock the hidden potential of Motherson, allowing it to grow further. The group is foraying into new business segments for a diversified growth. The segments include aerospace, logistics and health & medical. The new divisions aim to be the growth propellers for Motherson in the coming years.

SAMIL has investments in the group companies including the flagship company Motherson Sumi Systems Limited (MSSL). SAMIL holds 33.43% of equity share capital in MSSL.

The value-creation philosophy serves as the intellectual capital of SAMIL, which helps build customer trust and expand the business. By sharing knowledge and best practices across units, SAMIL binds and manages the different ventures of the group, creating value for all stakeholders.

SAMIL has multiple businesses with manufacturing and design capabilities to cater to customer requirements.

SAMIL’s diversified product portfolio encompasses the entire range of Motherson products. The product portfolio comprises electrical distribution systems (wiring harnesses), automotive rearview mirrors, moulded plastic parts and assemblies, extruded and injection moulding tools and components, moulded and extruded rubber components, interior and exterior polymer modules like cockpits / IPs, door trims, bumpers, automotive modules such as lighting systems, air intake manifolds, pedal box assemblies, HVAC systems for passenger and commercial

vehicles, air conditioning systems and roof hatches for buses, clutches for car AC compressors, cabins for off-highway vehicles, machined metal products, cutting tools, aluminum die casted products, sheet metal parts, sintered metal parts, thin film coating metals, IT services and wireless power. The group has also invested in technologies that provide manufacturing support including compressors, paint coating equipment, auxiliary equipment for injection moulding machines, intelligent cooling solutions and automotive manufacturing engineering services. The group has expanded its

Samvardhana Motherson International Limited (SAMIL).

10 Samvardhana Motherson International Limited 11Annual Report 2019-2020

offerings in new areas that include Logistics and Medical Diagnostic Equipment.

SAMIL’s capability lies in forging partnerships with global technological leaders. It helps build the group’s diverse product portfolio. Today, the group has 33 joint-venture partners who are leaders in their respective fields. The force that drives all these partnerships is the aim to augment capabilities to fulfil the ever- evolving customer requirements and create win-win relationships. The most recent joint venture of the group is with Hamakyorex Co. Ltd. – a company based in Hamamatsu, Japan for finished vehicle logistics in India. This

led to the formation of the new logistics company of the group - Samvardhana Motherson Hamakyorex Engineered Logistics Ltd. (SAMRX)

SAMIL provides direction for vertical and horizontal integration as the foundation of growth within the group. It helps enrich skills and learning from emerging technology domains to support its customers. The ability of SAMIL to source from within the group is a vital aspect for cost cutting, reliability, quality maintenance, and timeliness. SAMIL drives the shared services of the group such as IT systems that form the information backbone, procurement and back-office services to ensure that all

back-end requirements are met efficiently and seamlessly.

SAMIL also binds and manages the Group’s acquisitions. In keeping with its strategy for inorganic growth, since 2002, the group has made 23 successful acquisitions. SAMIL’s careful integration of business strategies with compelling value propositions has been its way of attaining excellence, thus creating more value for all its stakeholders – its customers, investors, partners, shareholders and employees.

Samvardhana Motherson International Ltd. (SAMIL) is the principal holding company of Motherson Group. It serves as the nerve centre for the group and drives growth and value creation for all its stakeholders by building synergies within Motherson.

It provides operational, strategic and management support to all group companies. SAMIL leverages its incubator capacity to unlock the hidden potential of Motherson, allowing it to grow further. The group is foraying into new business segments for a diversified growth. The segments include aerospace, logistics and health & medical. The new divisions aim to be the growth propellers for Motherson in the coming years.

SAMIL has investments in the group companies including the flagship company Motherson Sumi Systems Limited (MSSL). SAMIL holds 33.43% of equity share capital in MSSL.

The value-creation philosophy serves as the intellectual capital of SAMIL, which helps build customer trust and expand the business. By sharing knowledge and best practices across units, SAMIL binds and manages the different ventures of the group, creating value for all stakeholders.

SAMIL has multiple businesses with manufacturing and design capabilities to cater to customer requirements.

SAMIL’s diversified product portfolio encompasses the entire range of Motherson products. The product portfolio comprises electrical distribution systems (wiring harnesses), automotive rearview mirrors, moulded plastic parts and assemblies, extruded and injection moulding tools and components, moulded and extruded rubber components, interior and exterior polymer modules like cockpits / IPs, door trims, bumpers, automotive modules such as lighting systems, air intake manifolds, pedal box assemblies, HVAC systems for passenger and commercial

vehicles, air conditioning systems and roof hatches for buses, clutches for car AC compressors, cabins for off-highway vehicles, machined metal products, cutting tools, aluminum die casted products, sheet metal parts, sintered metal parts, thin film coating metals, IT services and wireless power. The group has also invested in technologies that provide manufacturing support including compressors, paint coating equipment, auxiliary equipment for injection moulding machines, intelligent cooling solutions and automotive manufacturing engineering services. The group has expanded its

Samvardhana Motherson International Limited (SAMIL).

13Annual Report 2019-202012 Samvardhana Motherson International Limited

6.5% 2.05%

33.43%

49%

51% 51%

31%

69%

49%

25.34% 36.9%

Motherson Bergstrom HVACSolution Pvt. Ltd.

CTM India Ltd. Fritzmeier Motherson Cabin

Engineering Pvt. Ltd.

Samvardhana Motherson Refrigeration Product Ltd.

Marelli Motherson Automotive Lighting India Pvt. Ltd.

Marelli Motherson Auto Suspension Parts Pvt. Ltd.

Valeo Motherson Thermal Commercial Vehicles India Ltd.

Subsidiaries Joint Ventures/Associates Motherson Sumi

Systems Ltd.

Samvardhana Motherson Automotive Systems Group B.V.

(SMRP BV)

Other JVs &Subsidiaries

3.1% 90.4%

Samvardhana Motherson International Limited (SAMIL)

Others Sojitz

Corporation

SumitomoWiring

Systems (SWS)

Public &

Others

Sehgal Family

Indirect Holding

Motherson Techno Tools Mideast FZE

Motherson TechnoTools Ltd.

Motherson Sintermetal Technology B.V.

Samvardhana Motherson Auto Systems Private Ltd.

Youngshin Motherson Auto Tech Ltd.

Samvardhana Motherson

Polymers Ltd. (SMPL) (India)

( )

Samvardhana Motherson Global

Holding Ltd. SMGHL(Cyprus)

Motherson Auto Engineering Service Ltd.

Samvardhana Motherson Virtual Analysis Ltd.

MSID US Inc.

MIND GmbH

MIND SG Pte. Ltd.

MIND KK

SMI Consulting Technologies Inc.

Samvardhana Motherson Health Solution Limited 

Samvardhana MothersonHamakyorex Engineered

Logistics Ltd.

Motherson AutoSolutions Ltd.

Motherson Machinery Automations Ltd.

AES (India) Engineering Ltd.

Saks Ancillaries Ltd.

Nissin Advanced Coating Indo Co. Pvt. Ltd.

andMotherson Molds Diecasting Ltd.

Samvardhana Motherson Global Holding Ltd.

Motherson ConsultanciesServices Ltd.

MothersonSumi INfotech &Designs Ltd.

Motherson InvenzenXLab Private Ltd.

Samvardhana Motherson Global Carriers Ltd.

Samvardhana Motherson Maadhyam International Ltd.

Motherson Air TravelAgencies

Samvardhana Motherson FinanceServices Cyprus Ltd.

Samvardhana Motherson Holding(M) Pvt. Ltd.

MS Global India Automotive Pvt. Ltd.

Samvardhana Motherson AutoComponent Pvt. Ltd.

Samvardhana Motherson Innovative Solutions Ltd.

Anest Iwata MothersonCoating Equipment Pvt. Ltd.

Anest Iwata Motherson Pvt. Ltd.

Matsui TechnologiesIndia Ltd.

Frigel Intelligent Cooling Systems India Pvt. Ltd.

SAMIL shareholding structure. A diversified group with shared principles.

Vision To be a globally preferred solutions provider

MissionEnsure customer delightInvolve employees as “partners” in progressEnhance shareholder valueSet new standards in good corporate citizenship

ValuesBe a lean, responsive and learning organisationContinuously improve to achieve world-class standards and total customer satisfactionProactively manage changeMaintain high standards of integrity and safetyEnsure a common culture and a common set of values throughout the organisationRecognise individuals’ contributionsDevelop stronger leadership skills, greater teamwork and a global perspectiveConstantly upgrade skill levels across the organisation through knowledge sharing programmes

13Annual Report 2019-2020

13Annual Report 2019-202012 Samvardhana Motherson International Limited

6.5% 2.05%

33.43%

49%

51% 51%

31%

69%

49%

25.34% 36.9%

Motherson Bergstrom HVACSolution Pvt. Ltd.

CTM India Ltd. Fritzmeier Motherson Cabin

Engineering Pvt. Ltd.

Samvardhana Motherson Refrigeration Product Ltd.

Marelli Motherson Automotive Lighting India Pvt. Ltd.

Marelli Motherson Auto Suspension Parts Pvt. Ltd.

Valeo Motherson Thermal Commercial Vehicles India Ltd.

Subsidiaries Joint Ventures/Associates Motherson Sumi

Systems Ltd.

Samvardhana Motherson Automotive Systems Group B.V.

(SMRP BV)

Other JVs &Subsidiaries

3.1% 90.4%

Samvardhana Motherson International Limited (SAMIL)

Others Sojitz

Corporation

SumitomoWiring

Systems (SWS)

Public &

Others

Sehgal Family

Indirect Holding

Motherson Techno Tools Mideast FZE

Motherson TechnoTools Ltd.

Motherson Sintermetal Technology B.V.

Samvardhana Motherson Auto Systems Private Ltd.

Youngshin Motherson Auto Tech Ltd.

Samvardhana Motherson

Polymers Ltd. (SMPL) (India)

( )

Samvardhana Motherson Global

Holding Ltd. SMGHL(Cyprus)

Motherson Auto Engineering Service Ltd.

Samvardhana Motherson Virtual Analysis Ltd.

MSID US Inc.

MIND GmbH

MIND SG Pte. Ltd.

MIND KK

SMI Consulting Technologies Inc.

Samvardhana Motherson Health Solution Limited 

Samvardhana MothersonHamakyorex Engineered

Logistics Ltd.

Motherson AutoSolutions Ltd.

Motherson Machinery Automations Ltd.

AES (India) Engineering Ltd.

Saks Ancillaries Ltd.

Nissin Advanced Coating Indo Co. Pvt. Ltd.

andMotherson Molds Diecasting Ltd.

Samvardhana Motherson Global Holding Ltd.

Motherson ConsultanciesServices Ltd.

MothersonSumi INfotech &Designs Ltd.

Motherson InvenzenXLab Private Ltd.

Samvardhana Motherson Global Carriers Ltd.

Samvardhana Motherson Maadhyam International Ltd.

Motherson Air TravelAgencies

Samvardhana Motherson FinanceServices Cyprus Ltd.

Samvardhana Motherson Holding(M) Pvt. Ltd.

MS Global India Automotive Pvt. Ltd.

Samvardhana Motherson AutoComponent Pvt. Ltd.

Samvardhana Motherson Innovative Solutions Ltd.

Anest Iwata MothersonCoating Equipment Pvt. Ltd.

Anest Iwata Motherson Pvt. Ltd.

Matsui TechnologiesIndia Ltd.

Frigel Intelligent Cooling Systems India Pvt. Ltd.

SAMIL shareholding structure. A diversified group with shared principles.

Vision To be a globally preferred solutions provider

MissionEnsure customer delightInvolve employees as “partners” in progressEnhance shareholder valueSet new standards in good corporate citizenship

ValuesBe a lean, responsive and learning organisationContinuously improve to achieve world-class standards and total customer satisfactionProactively manage changeMaintain high standards of integrity and safetyEnsure a common culture and a common set of values throughout the organisationRecognise individuals’ contributionsDevelop stronger leadership skills, greater teamwork and a global perspectiveConstantly upgrade skill levels across the organisation through knowledge sharing programmes

13Annual Report 2019-2020

14 Samvardhana Motherson International Limited 15Annual Report 2019-2020

The flagship company of the Motherson Group, Motherson Sumi Systems Limited (MSSL) is a joint venture between Samvardhana Motherson International Limited (SAMIL) and Sumitomo Wiring Systems, Ltd., Japan (SWS). A collaboration with Tokai Electric Co. (now SWS) in 1983 led to the incorporation of MSSL in 1986, primarily as a wiring harness manufacturer.

The company is a listed entity since 1993 and has evolved into a full system solutions provider, catering to a diverse range of customers in the automotive and other industries across Asia, Europe, North America, South America, Australia and Africa.

The product portfolio of MSSL includes wiring harnesses, rearview mirrors, polymer modules and components, elastomer products and precision metal machined products. MSSL has numerous

joint ventures and these joint ventures have witnessed significant investments in state-of-the-art technologies and infrastructure over the years. MSSL has its manufacturing presence across Asia, Europe, North America, South America, Australia and Africa.

At the core of MSSL is the idea of creating customer value, which in turn brings strong relationships and financial

returns. The company’s focus on technology and innovation combined with successful partnerships helps the company in expanding its product range and delivering to all customer requirements. Over the years MSSL has successfully and continuously added value and created wealth for its shareholders, endeavouring to provide good returns against investments made and valuing the trust they have placed in it.

Motherson Sumi Systems Limited (MSSL).

15Annual Report 2019-2020

14 Samvardhana Motherson International Limited 15Annual Report 2019-2020

The flagship company of the Motherson Group, Motherson Sumi Systems Limited (MSSL) is a joint venture between Samvardhana Motherson International Limited (SAMIL) and Sumitomo Wiring Systems, Ltd., Japan (SWS). A collaboration with Tokai Electric Co. (now SWS) in 1983 led to the incorporation of MSSL in 1986, primarily as a wiring harness manufacturer.

The company is a listed entity since 1993 and has evolved into a full system solutions provider, catering to a diverse range of customers in the automotive and other industries across Asia, Europe, North America, South America, Australia and Africa.

The product portfolio of MSSL includes wiring harnesses, rearview mirrors, polymer modules and components, elastomer products and precision metal machined products. MSSL has numerous

joint ventures and these joint ventures have witnessed significant investments in state-of-the-art technologies and infrastructure over the years. MSSL has its manufacturing presence across Asia, Europe, North America, South America, Australia and Africa.

At the core of MSSL is the idea of creating customer value, which in turn brings strong relationships and financial

returns. The company’s focus on technology and innovation combined with successful partnerships helps the company in expanding its product range and delivering to all customer requirements. Over the years MSSL has successfully and continuously added value and created wealth for its shareholders, endeavouring to provide good returns against investments made and valuing the trust they have placed in it.

Motherson Sumi Systems Limited (MSSL).

15Annual Report 2019-2020

16 Samvardhana Motherson International Limited 17Annual Report 2019-2020

Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV).Samvardhana Motherson Automotive Systems Group BV (SMRP BV) is a joint venture between Samvardhana Motherson International Limited (SAMIL), the principal holding company of Motherson and Motherson Sumi Systems Limited (MSSL) the flagship company of Motherson through their subsidiaries.

SMRP BV operations include supplies to the global automotive industry as a Tier 1 supplier through its subsidiaries Samvardhana Motherson Reflectec (SMR), Samvardhana Motherson Peguform (SMP), Samvardhana Motherson Reydel Companies (SMRC) and Samvardhana Motherson Innovative Autosystems (SMIA.) An important subsidiary of SMRP BV is Motherson

Innovations, which is SMRP BV’s world-spanning team and cross divisional network for the support, development and production of enhanced solutions.

SMRP BV is present in each major global automotive production region with 68 production facilities spread across 24 countries.

SMRP BV’s strategy is to retain and strengthen technological leadership through continued focus on R&D and innovation. It would also continue its global expansion through selected investments backed by new orders. The company aims to increase customer penetration and diversification by further driving efficiency and continues to work towards improved cost savings and cash generation.

17Annual Report 2019-2020

16 Samvardhana Motherson International Limited 17Annual Report 2019-2020

Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV).Samvardhana Motherson Automotive Systems Group BV (SMRP BV) is a joint venture between Samvardhana Motherson International Limited (SAMIL), the principal holding company of Motherson and Motherson Sumi Systems Limited (MSSL) the flagship company of Motherson through their subsidiaries.

SMRP BV operations include supplies to the global automotive industry as a Tier 1 supplier through its subsidiaries Samvardhana Motherson Reflectec (SMR), Samvardhana Motherson Peguform (SMP), Samvardhana Motherson Reydel Companies (SMRC) and Samvardhana Motherson Innovative Autosystems (SMIA.) An important subsidiary of SMRP BV is Motherson

Innovations, which is SMRP BV’s world-spanning team and cross divisional network for the support, development and production of enhanced solutions.

SMRP BV is present in each major global automotive production region with 68 production facilities spread across 24 countries.

SMRP BV’s strategy is to retain and strengthen technological leadership through continued focus on R&D and innovation. It would also continue its global expansion through selected investments backed by new orders. The company aims to increase customer penetration and diversification by further driving efficiency and continues to work towards improved cost savings and cash generation.

17Annual Report 2019-2020

18 Samvardhana Motherson International Limited 19Annual Report 2019-2020

Serving customers globally.

Motherson has over 270 manufacturing facilities in 41 countries around the world. The manufacturing plants are supported by design, engineering, marketing and sourcing centres spread across five continents. This network positions Motherson to fulfill requirements of its customers in whichever region of the globe they are in.The geographic spread gives the group a distinct advantage as it can support its customers’ programmes at a global level, making it a preferred source.

Italy Ireland Poland Serbia South Korea Australia

Argentina Morocco UK Slovakia Croatia Hong Kong (SAR of China) Sri Lanka

Brazil Spain Luxembourg Finland Russia Thailand UAE

Mexico Portugal Netherlands Estonia India Philippines Mauritius

USA France Germany Lithuania China Singapore Cyprus

Macedonia Jersey Czech Republic Hungary Japan Indonesia South Africa

Global locations.

1514 17 23

294

3

2

1

9

41

13

36

37

38

40

6

39

34

35

3233

30

28

31

2218

19

20 21

16

26 2725

24

8

7

5

11

12

10

18 Samvardhana Motherson International Limited 19Annual Report 2019-2020

Serving customers globally.

Motherson has over 270 manufacturing facilities in 41 countries around the world. The manufacturing plants are supported by design, engineering, marketing and sourcing centres spread across five continents. This network positions Motherson to fulfill requirements of its customers in whichever region of the globe they are in.The geographic spread gives the group a distinct advantage as it can support its customers’ programmes at a global level, making it a preferred source.

Italy Ireland Poland Serbia South Korea Australia

Argentina Morocco UK Slovakia Croatia Hong Kong (SAR of China) Sri Lanka

Brazil Spain Luxembourg Finland Russia Thailand UAE

Mexico Portugal Netherlands Estonia India Philippines Mauritius

USA France Germany Lithuania China Singapore Cyprus

Macedonia Jersey Czech Republic Hungary Japan Indonesia South Africa

Global locations.

1514 17 23

294

3

2

1

9

41

13

36

37

38

40

6

39

34

35

3233

30

28

31

2218

19

20 21

16

26 2725

24

8

7

5

11

12

10

20 Samvardhana Motherson International Limited 21Annual Report 2019-2020

Group business portfolio.Motherson Group serves its customers through nine business divisions. With the support of the customers, these nine divisions continue to grow stronger and become more diverse. Together, these business divisions help

Motherson move closer towards its vision of being a globally preferred solutions provider. These are the nine business divisions of Motherson.

01

Wiring Harness

02

Vision Systems

03

Modules & Polymer Products

04

Technology & Software

05

Metal Products

06

Retail & Services

07

Aerospace

08

Logistics

09

Health &Medical

The wiring harness division of Motherson is a full service system supplier with complete in-house design, development and manufacturing capability. It is one of the most vertically integrated business divisions with a product range that promotes technological advancement across both the automotive and non-automotive sectors that it supplies to.

Motherson is one of the leading global suppliers of vision systems to the automotive industry and the product range includes interior mirrors, exterior mirrors and camera-based detection which it supplies to almost all major OEMs. Vision Systems is aided by strong vertical integration and provides full-service solutions to its customers.

The division encompasses the largest business line in Motherson. It develops and produces a highly diversified product range from simple plastic parts to highly integrated systems and modules, supplying to OEMs globally. The group also exhibits capabilities in mould design, tooling and elastomer processing.

The division focuses on technology and innovations and sustains the digital foundation of the group’s global operations. It also caters to external clients from different industries globally. This division thinks beyond the current capabilities and has a futuristic approach in understanding industry trends and providing solutions.

The division offers an array of products like cutting and gear cutting tools, cabins for off-highway vehicles, HVAC systems, shock absorbers, metal components and assemblies with varied technologies, sheet metal parts, clutches for car AC compressors as well as coating services to a wide spectrum of industries.

The division consists of a wide spectrum of businesses that do business through direct channels like B2B supply, utilising distributor networks and engaging in direct sales and services to the end customers. Most products and services of this division directly support the manufacturing operations of customers.

Motherson offers global solutions to the aerospace industry segment, by providing integrated solutions. This division is an initiative of the group to establish its presence in sectors beyond automotive.

The Logistics division of Motherson aims to bring in efficiency, technology and specialisation in the automotive supply chain. It deals with the logistics of finished vehicles in both the groups’ internal supply chain as well as for external customers.

The division is driven by its purpose of positively impacting lives globally by helping people become healthy, and stay healthy. The division works towards realising this by providing products, solutions and services that help people manage and improve their health, and enable people to access affordable care of the highest quality.

Proudto bepart of.

20 Samvardhana Motherson International Limited 21Annual Report 2019-2020

20 Samvardhana Motherson International Limited 21Annual Report 2019-2020

Group business portfolio.Motherson Group serves its customers through nine business divisions. With the support of the customers, these nine divisions continue to grow stronger and become more diverse. Together, these business divisions help

Motherson move closer towards its vision of being a globally preferred solutions provider. These are the nine business divisions of Motherson.

01

Wiring Harness

02

Vision Systems

03

Modules & Polymer Products

04

Technology & Software

05

Metal Products

06

Retail & Services

07

Aerospace

08

Logistics

09

Health &Medical

The wiring harness division of Motherson is a full service system supplier with complete in-house design, development and manufacturing capability. It is one of the most vertically integrated business divisions with a product range that promotes technological advancement across both the automotive and non-automotive sectors that it supplies to.

Motherson is one of the leading global suppliers of vision systems to the automotive industry and the product range includes interior mirrors, exterior mirrors and camera-based detection which it supplies to almost all major OEMs. Vision Systems is aided by strong vertical integration and provides full-service solutions to its customers.

The division encompasses the largest business line in Motherson. It develops and produces a highly diversified product range from simple plastic parts to highly integrated systems and modules, supplying to OEMs globally. The group also exhibits capabilities in mould design, tooling and elastomer processing.

The division focuses on technology and innovations and sustains the digital foundation of the group’s global operations. It also caters to external clients from different industries globally. This division thinks beyond the current capabilities and has a futuristic approach in understanding industry trends and providing solutions.

The division offers an array of products like cutting and gear cutting tools, cabins for off-highway vehicles, HVAC systems, shock absorbers, metal components and assemblies with varied technologies, sheet metal parts, clutches for car AC compressors as well as coating services to a wide spectrum of industries.

The division consists of a wide spectrum of businesses that do business through direct channels like B2B supply, utilising distributor networks and engaging in direct sales and services to the end customers. Most products and services of this division directly support the manufacturing operations of customers.

Motherson offers global solutions to the aerospace industry segment, by providing integrated solutions. This division is an initiative of the group to establish its presence in sectors beyond automotive.

The Logistics division of Motherson aims to bring in efficiency, technology and specialisation in the automotive supply chain. It deals with the logistics of finished vehicles in both the groups’ internal supply chain as well as for external customers.

The division is driven by its purpose of positively impacting lives globally by helping people become healthy, and stay healthy. The division works towards realising this by providing products, solutions and services that help people manage and improve their health, and enable people to access affordable care of the highest quality.

Proudto bepart of.

20 Samvardhana Motherson International Limited 21Annual Report 2019-2020

22 Samvardhana Motherson International Limited 23Annual Report 2019-2020

Motherson is one of the largest manufacturers of wiring harnesses globally and has emerged as a complete solutions provider to all its customers - from the concept design stage to development and finally to the manufacture of wiring harnesses for the automotive industry, catering to diverse vehicle segments including passenger cars, two- wheelers, commercial vehicles, off-road vehicles, rolling stock and recreational vehicles as well as in construction, forestry and agricultural equipment. It also supplies specialised wiring harnesses to several other industrial applications such as specialised medical diagnostic equipment, white goods, office automation, electrical and electronic equipment etc.

In 1986, a joint venture with Sumitomo Wiring Systems, Ltd., a global leader in the manufacture of wiring harnesses, harness components and

other electric wires resulted in the formation of the flagship company of Motherson, Motherson Sumi System Ltd.

The joint venture is one of the oldest in India and has provided Motherson with a robust technology base and support in building a culture of excellence. The division has four joint ventures for manufacturing of

wiring harnesses - Kyungshin Corporation- (S.Korea), Hefei Jianghuai Automobile Co. Ltd. (China), Hubei Zhengao Auto Accessories Group Co. Ltd. (China) and Jiangsu Huakai Wire Harness Co., Ltd (China).

The division has facilities spread across 22 countries.

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.

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.

They also specialise in processes such as metalizing, vibration welding, PCB population, glass processing, coating, etc. to build subassemblies integrated into exterior mirrors, such as light units, electric drive

units, electronic modules and reflector modules.The company’s customer base includes all major carmakers in North America, South America, Europe and Asia, whom it serves through its facilities spread across 15 countries.

01 Wiring Harness.

02 Vision Systems.

22 Samvardhana Motherson International Limited 23Annual Report 2019-2020

Motherson is one of the largest manufacturers of wiring harnesses globally and has emerged as a complete solutions provider to all its customers - from the concept design stage to development and finally to the manufacture of wiring harnesses for the automotive industry, catering to diverse vehicle segments including passenger cars, two- wheelers, commercial vehicles, off-road vehicles, rolling stock and recreational vehicles as well as in construction, forestry and agricultural equipment. It also supplies specialised wiring harnesses to several other industrial applications such as specialised medical diagnostic equipment, white goods, office automation, electrical and electronic equipment etc.

In 1986, a joint venture with Sumitomo Wiring Systems, Ltd., a global leader in the manufacture of wiring harnesses, harness components and

other electric wires resulted in the formation of the flagship company of Motherson, Motherson Sumi System Ltd.

The joint venture is one of the oldest in India and has provided Motherson with a robust technology base and support in building a culture of excellence. The division has four joint ventures for manufacturing of

wiring harnesses - Kyungshin Corporation- (S.Korea), Hefei Jianghuai Automobile Co. Ltd. (China), Hubei Zhengao Auto Accessories Group Co. Ltd. (China) and Jiangsu Huakai Wire Harness Co., Ltd (China).

The division has facilities spread across 22 countries.

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.

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.

They also specialise in processes such as metalizing, vibration welding, PCB population, glass processing, coating, etc. to build subassemblies integrated into exterior mirrors, such as light units, electric drive

units, electronic modules and reflector modules.The company’s customer base includes all major carmakers in North America, South America, Europe and Asia, whom it serves through its facilities spread across 15 countries.

01 Wiring Harness.

02 Vision Systems.

24 Samvardhana Motherson International Limited 25Annual Report 2019-2020

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.

The range of polymer products include plastic components and modules for vehicle interiors, such as cockpit modules, door trim modules, centre consoles and pillar trims, as well as vehicle exteriors, including bumper modules and front end modules. This division also produces high precision components, aesthetic and assembled parts. The group offers tailored solutions for manufacturing plastic parts as per the diverse

requirements of the customers. The range also includes lighting systems, air intake manifolds and pedal box assemblies.

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.

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.

03 Modules & Polymer Products.

The aim of the Technology and Software division is 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. This division focuses on technology and innovations and provides critical support to all the division of Motherson, by serving their IT needs and supporting product development, validation, prototyping, CAE services and tool design.

The division has also forayed in the healthcare solutions and offers healthcare IT solutions that align technology, businesses and customers. Work is done with external customers in their digital

transformation journey. They are assisted in their automation process and the streamlining of business processes with innovative IT solutions, thereby driving intelligence in the healthcare sector.

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.

04 Technology & Software.

24 Samvardhana Motherson International Limited 25Annual Report 2019-2020

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.

The range of polymer products include plastic components and modules for vehicle interiors, such as cockpit modules, door trim modules, centre consoles and pillar trims, as well as vehicle exteriors, including bumper modules and front end modules. This division also produces high precision components, aesthetic and assembled parts. The group offers tailored solutions for manufacturing plastic parts as per the diverse

requirements of the customers. The range also includes lighting systems, air intake manifolds and pedal box assemblies.

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.

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.

03 Modules & Polymer Products.

The aim of the Technology and Software division is 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. This division focuses on technology and innovations and provides critical support to all the division of Motherson, by serving their IT needs and supporting product development, validation, prototyping, CAE services and tool design.

The division has also forayed in the healthcare solutions and offers healthcare IT solutions that align technology, businesses and customers. Work is done with external customers in their digital

transformation journey. They are assisted in their automation process and the streamlining of business processes with innovative IT solutions, thereby driving intelligence in the healthcare sector.

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.

04 Technology & Software.

26 Samvardhana Motherson International Limited 27Annual Report 2019-2020

The Retail and Services division consists of a spectrum of businesses that go beyond OEM supplies and do business through direct channels. The division forages in the area of direct B2B supply, utilizing various distributor networks and engaging in direct sales and services to the end customer.

The bouquet of products that this division offers supports the manufacturing operations of its customers and also directly caters to the requirements of end customers in India.

This division enhances customer satisfaction and establishes a strong relationship with them, going beyond the supplies of standard products and modules.

The division also provides various kinds of specialised services

to other group companies, creating a support structure to propel growth and future expansion.

The Retail and Services division helps to spread the group’s customer base across multiple industries, as the division offers industry independent solutions in conjunction with many collaborators globally. Like Anest Iwata Corporation, Japan, for air compressors and paint coating equipment; Matsui Mfg. Co. Ltd., Japan, for

auxiliary equipment for injection moulding machines and Frigel Firenze S.p.A., Italy, for intelligent process cooling. For developing the industrial park in Chennai, India, a joint venture has been entered into with Sojitz Corporation, Japan.

06Retail & Services.

Motherson provides complete solutions in heating, ventilation and air-conditioning (HVAC) systems for passenger cars and commercial vehicles, bus air conditioners and roof hatches, cabins for off highway vehicles, strut assemblies and shock absorbers. To its wide spectrum of customers, ranging from the global automotive industry to the medical industry, the division also manufactures and markets a broad range of cutting tools, gear cutting tools and precision metal machined components.

It also manufactures products such as press stamped parts, sintered metal parts, aluminum die casted products, and provides thin film coating services. Coupled by in-house design and development expertise, this enables the group to provide highly customised solutions as per customer requirements.

Important joint ventures have been forged in this division to fulfil the customer requirements with best in class technical expertise

from global technology leaders. We have joint venture partnerships for our different product segments with global industry leaders– : Calsonic Kansei Corp. (Japan) for HVAC systems for passenger vehicles, Youngshin Components Co Ltd. (South Korea) for clutches for car AC compressors, 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, Magneti Marelli Holding S.P.A. (Italy) for shock absorbers, Sumitomo Electric Industries (Japan) for cutting tools, Nissin Electric Co. Ltd. (Japan) for thin film coating metals.

By acquiring technologies from global technology leaders and combining them with in-house design and development expertise, Motherson is able to meet more complex and exacting customer requirements.

05 Metal Products.

26 Samvardhana Motherson International Limited 27Annual Report 2019-2020

The Retail and Services division consists of a spectrum of businesses that go beyond OEM supplies and do business through direct channels. The division forages in the area of direct B2B supply, utilizing various distributor networks and engaging in direct sales and services to the end customer.

The bouquet of products that this division offers supports the manufacturing operations of its customers and also directly caters to the requirements of end customers in India.

This division enhances customer satisfaction and establishes a strong relationship with them, going beyond the supplies of standard products and modules.

The division also provides various kinds of specialised services

to other group companies, creating a support structure to propel growth and future expansion.

The Retail and Services division helps to spread the group’s customer base across multiple industries, as the division offers industry independent solutions in conjunction with many collaborators globally. Like Anest Iwata Corporation, Japan, for air compressors and paint coating equipment; Matsui Mfg. Co. Ltd., Japan, for

auxiliary equipment for injection moulding machines and Frigel Firenze S.p.A., Italy, for intelligent process cooling. For developing the industrial park in Chennai, India, a joint venture has been entered into with Sojitz Corporation, Japan.

06Retail & Services.

Motherson provides complete solutions in heating, ventilation and air-conditioning (HVAC) systems for passenger cars and commercial vehicles, bus air conditioners and roof hatches, cabins for off highway vehicles, strut assemblies and shock absorbers. To its wide spectrum of customers, ranging from the global automotive industry to the medical industry, the division also manufactures and markets a broad range of cutting tools, gear cutting tools and precision metal machined components.

It also manufactures products such as press stamped parts, sintered metal parts, aluminum die casted products, and provides thin film coating services. Coupled by in-house design and development expertise, this enables the group to provide highly customised solutions as per customer requirements.

Important joint ventures have been forged in this division to fulfil the customer requirements with best in class technical expertise

from global technology leaders. We have joint venture partnerships for our different product segments with global industry leaders– : Calsonic Kansei Corp. (Japan) for HVAC systems for passenger vehicles, Youngshin Components Co Ltd. (South Korea) for clutches for car AC compressors, 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, Magneti Marelli Holding S.P.A. (Italy) for shock absorbers, Sumitomo Electric Industries (Japan) for cutting tools, Nissin Electric Co. Ltd. (Japan) for thin film coating metals.

By acquiring technologies from global technology leaders and combining them with in-house design and development expertise, Motherson is able to meet more complex and exacting customer requirements.

05 Metal Products.

28 Samvardhana Motherson International Limited 29Annual Report 2019-2020

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.

The Aerospace, division is working in close collaboration with the other business divisions of Motherson and taking up 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.

07 Aerospace.

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, the division aims to bring in efficiency, technology and specialisation in

the automotive supply chain.

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.

Future initiatives of this division include vertical integration through the manufacturing of trailers, yard management, and providing integrated rail & waterways solutions in India.

08 Logistics.

28 Samvardhana Motherson International Limited 29Annual Report 2019-2020

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.

The Aerospace, division is working in close collaboration with the other business divisions of Motherson and taking up 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.

07 Aerospace.

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, the division aims to bring in efficiency, technology and specialisation in

the automotive supply chain.

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.

Future initiatives of this division include vertical integration through the manufacturing of trailers, yard management, and providing integrated rail & waterways solutions in India.

08 Logistics.

30 Samvardhana Motherson International Limited 31Annual Report 2019-2020

The Health and 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.

The division uses its deep expertise in product design, engineering, artificial intelligence as well as other cutting edge and emerging technologies, to design and take to market innovative first-of-their-kind products. With its deep collaborations with universities, hospital systems and research centres around the world, the division remains at the forefront of emerging science and innovation, using it to continuously expand its portfolio to positively impact lives at a global scale.

With its constantly expanding global footprint, 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 and 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.Motherson strongly believes

that fostering widespread, yet focused, innovation is critical to achieving its goals of helping people become healthy and stay healthy, and enabling access to affordable quality care for all. The Health and Medical division actively engages with startups, research groups and national programs across the world and assists them to develop and bring their products to market.

09 Health & Medical. Growing with customer trust.

Our customers’ trust has given us opportunities to grow and attain leadership positions in the businesses we operate

Globally

Europe

Exterior rearview mirrors

Wiring harnesses for commercial vehicals.

IndiaWiring harnesses for passenger cars

Rearview mirrors for passenger cars

Moulded components and modules

Plastic air intake manifolds

Cabins for large sized dump trucks

Gear cutting tools

CBN & PCD cutting tools Exterier lighting solutions

Exterior rearview mirrors

Wiring harnesses for commercial vehicles, 2-wheelers, earthmoving and material handling equipment

IP modules, door trims and bumpers

Americas

Wiring harnesses for commercial vehicals.

30 Samvardhana Motherson International Limited 31Annual Report 2019-2020

The Health and Medical division is focused on helping people everywhere become and