At meeting held on 06 December 2024
The Board of Directors of Samvardhana Motherson International (SAMIL) at its meeting held on 06 December 2024, inter-alia, approved the acquisition of 95% shares with voting rights in Japanese company Atsumitec Co. through its wholly owned subsidiary of Samvardhana Motherson Automotive Systems Group B.V (SMRP B.V.).
Honda Motor shall continue to own remaining 5% voting rights shares in Atsumitec Co.
Atsumitec Co. is engaged in the production of high precision machined components including gear shifters, chassis and transmission parts for 4- Wheeler and 2-Wheeler vehicles.
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