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July 13: The lensman`s view

<p>Employees pack auto components at the factory of the Samvardhana Motherson Group, an auto parts making company, in Noida</p><b>Indian auto parts maker Motherson Sumi Systems said on Wednesday it would buy a majority stake in German Peguform Group, but the euphoria gave way to worries about margins that dragged its shares down after the initial rise.</b></p><p>Auto ancillary firms in India typically look outside their home turf for buying opportunities as high expectations from founders of smaller Indian companies have thwarted many potential deals.</p><p>Motherson would buy the debt-free Peguform whose revenue is expected to rise about 17% to 1.6 billion euros in calendar 2011, Vivek Chaand Sehgal, vice chairman of the Indian firm said. The company did not disclose the deal value.</p><p><b>(Pictures by Reuters)</b></p>

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