Motherson Sumi Systems Ltd gets orders worth Rs 15,400 crore from Germany’s Daimler

June 2, 2024

NEW DELHI: Auto component maker Motherson Sumi Systems Ltd (MSSL) Daimler AG of Germany has received the largest order worth Rs 154 crore in its history is to supply exterior and interior systems for Mercedes-Benz.

The company’s subsidiary Samvardana Motherson Automotive Systems Group BV (SMRP BV) (MSSL) in a statement, the company has received a large number of orders to supply a variety of exterior and interior systems for future generations of Mercedes-Benz.

“MSSL estimates that these orders will generate sales revenues with a lifetime investment of around Rs 154 billion (~€2.21 billion), which is expected to start in the year 2018.”

To support Daimler’s expansion, MSSL’s two new plants will be invested in, one of which will bring SMRP BV closer to Daimler’s car assembly plant, the company said.

In addition, this will help expand the production capacity of the existing plant in Germany and the production capacity of the new machines and tools. Chaand Sehgal, Chairman, MSSL Vivek “While we cannot provide specific information on these orders, preparations have already begun at the two new plants.”

The Hungarian plant will be located near Daimler’s Kecskemét plant, and the U.S. plant will be located near Tuscaloosa, near the Daimler assembly plant. Details of the investment in the new plant have not been disclosed.

Motherson Sumi Systems shares were trading at 479.05 per share The rupee rose 3.24% compared to the previous closing price on the Bombay Stock Exchange.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-09-13

Company Size:

10000

Contact Supplier

Geely Jiyue 01 Max

LEADING IDEAL L9

Shandong Tuduoduo Digital Technology Co., Ltd

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-08-09

Company Size:

10000

Contact Supplier

Wheel excavator

chengdutuduoduo

Retailer

CN Supplier

1 YRS

Main Products:

Whole vehicle, used car

Established:

2024-08-01

Company Size:

10000

Contact Supplier

Great Wall Artillery 2.0T

Peugeot 301 1.6L

Radar RD6 Pure electricity

Nissan Qijun 2.5L

TDD (QINGDAO ) CROSS-BORDER E-COMMERCE CO.,LTD.

Retailer

CN Supplier

2 YRS

Main Products:

Auto parts、Rubber tyre、Finished car

Established:

2023-01-01

Company Size:

10000

Hebei Jianglun electromechanical Co., LTD

Retailer

CN Supplier

14 YRS

Main Products:

Production of car starter, generator, air conditioning compressor, auto parts remanufacturing, sales of the company's products, import and export business.

Established:

2011-11-07

Company Size:

500

Contact Supplier

Automobile starter Chery Cloud, Chery Flag Cloud, Jetta Spring

Automobile starter EA111, TA113

Automobile starter 05 Jetta King 9T round fork

Automobile starter 10 new Jetta round forks

Shandong Xingyun New energy Automobile Co., LTD

Retailer

CN Supplier

1 YRS

Main Products:

New energy vehicle sales; Auto parts research and development; Auto parts and accessories manufacturing; Off-highway recreational vehicles and spare parts manufacturing; Off-highway recreational vehicles and spare parts sales; Electric car manufacturing;

Established:

2024-03-20

Company Size:

500

Contact Supplier

Lucky three-box car x60

Lucky Lemon two-box car x80

Beijing Tianhao Shengshi trading Co., LTD

Retailer

CN Supplier

10 YRS

Main Products: