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Indian Porsche vendor eyes Brazil, China for Rs 500-cr sales


Motherson Sumi Systems Ltd, India’s biggest automobile parts maker, is targeting emerging markets including Brazil and China to meet its $5-billion (Rs 500-crore) sales target as vehicle deliveries at home drop. The company that’s 25-per cent owned by Sumitomo Electric Industries Ltd forecasts sales will increase 84 per cent in the year starting April 1 from Rs 14,780 crore in the 12 months ended March 31, according to Chief Operating Officer Pankaj Mital. The supplier of rear view mirrors, bumpers and body panels to Porsche Automobil Holding SE and Volkswagen AG is ...

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First Published: Tue, February 19 2013. 00:35 IST