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Auto components major Samvardhana Motherson International Ltd on Friday announced the acquisition of 81 per cent stake in Japan's Yutaka Giken Co, Ltd in which Honda is a majority shareholder, for USD 184 million (over Rs 1,610 crore). Directors of the company at their meeting held on August 29, 2025, considered and approved to acquire 81 per cent stake with voting rights in Yutaka Giken Co, Ltd (YGCL) and 11 per cent stake in Shinnichi Kogyo Co, Ltd (Shinnichi) through its indirect wholly-owned subsidiary Motherson Global Investments BV (MGI BV), Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing. YGCL is a company listed on the Tokyo Stock Exchange, and Honda Motor Co, Ltd (Honda) currently owns a 69.66 per cent stake in it, with the rest owned by the public, the filing added. Post completion of all steps, Honda shall continue to own the remaining 19 per cent voting rights shares in YGCL, SAMIL said. "The total expected cash outflow for the 81 per cent ...
Samvardhana Motherson International Ltd on Wednesday reported a 46 per cent decline in its consolidated net profit to Rs 606 crore for the first quarter ended June 30, 2025, hit by a volatile business environment. The auto components major had posted a net profit of Rs 1,115 crore in the April-June quarter of the last fiscal. Industry headwinds and volatility had a transitory impact on profitability, the company said in a statement. Revenue from operations rose to Rs 30,212 crore for the June quarter as against Rs 29,317 crore in the year-ago period, it added. "The company has once again demonstrated its resilience and disciplined execution despite persistent industry headwinds and a dynamic global environment," Motherson Chairman Vivek Chaand Sehgal said. The company's performance reflects the strength of a diversified business model and the operational efficiencies across businesses, he added. Sehgal asserted that the company is well-positioned to navigate evolving tariffs, wit