NEW DELHI: Chand Sehgal, chairman of Motherson Sumi Systems (MSSL) Vivek, India’s largest auto component maker, said the company is exploring the possibility of acquiring three European auto component makers. Shegal said Move aims to double its sales in five years. The company has set a goal of reaching $18 billion in sales by 2020. Current revenues amount to $5.5 billion. Sehgal told The Economic Times that the company wants 65% of its revenues to come from its existing business and will invest Rs 600 crore over the next five years, with the rest being generated through acquisitions.

However, he added that the situation may not be resolved during negotiations. Considering India, “We are also discussing joint ventures with German and US companies.” He said.

MSSL In its latest five-year plan earlier this week, we are looking at both organic and inorganic ways to achieve this. MSSL has always set rigorous goals and achieved them. In the last five-year plan, the company sought to achieve these goals by 2010. Achieve annual sales of $10 2005, $ 2005 Achieve annual sales of $15 Sales of about $10.29 billion Rs. billion ($200 million).

This time too, the company has achieved this target. This is $500 million $ higher than the sales target of $5 billion $ set in the previous five-year plan. The company has made five acquisitions in the last five years with a total value of around Rs 18.03 billion. MSSL has secured Rs 28,000 worth crore in the financial year 2014-2015 (42 1 crore orders will be delivered later this year.

The auto component maker said in its results announcement that it has achieved a return on invested capital (ROCE) of 40% in FY 2014-15 and has set a similar ROCE target for the next five years.

Sehgal expects to contribute to efforts to build new plant sands in the U.S. and NAFTA countries for weapons expansion. Sehgal “Currently 12-14% of total revenues The US-North America free trade agreement will see significant changes and India’s contribution to the world will increase to 25-30% in two years.” Sehgal expects the country’s revenue contribution to increase as India’s automobile production increases.

Sehgal, who lives in Australia, said, “India is a very important market for us, but it seems to be a very small percentage.” . He added that the $18 1 billion target is achievable. Acquisitions and joint ventures have been proposed because the Indian market looks more attractive than before.

Recently, he said that since 2018, Since 2000, Mercedes-Benz has placed orders worth Rs 154 billion towards MSSL. The order requires MSSL to set up plants in the US and Hungary.