Business Standard

Motherson's Sehgal aims to triple sales by 2025; here's why he can do it

Sehgal believes the company's focus on solving problems with its customers, teamed with an eye for deals, will "give us multiple opportunities in the coming months"

Vivek Chaand Sehgal, leader Motherson Sumi group (Bloomberg)

Sehgal, leader Motherson Sumi group, credits a lot of the success to his entrepreneurial mother | Photo: Bloomberg

Anurag Kotoky | Bloomberg
Vivek Chaand Sehgal has a track record of achieving the seemingly impossible. His company, a sprawling parts supplier to the world’s biggest carmakers, has exceeded its five-year target every time bar one in the past quarter century.

His latest goal is equally daunting -- Motherson Sumi Systems Ltd. is targeting to triple annual sales to $36 billion by 2025. Sehgal, 63, plans to achieve that by doing what he does best: dealing. Or more specifically, in light of the coronavirus pandemic, buying up distressed companies as they run out of money.

For Sehgal to achieve that, however, things will have to improve

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First Published: Aug 24 2020 | 3:39 PM IST

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