Recovery hopes, non-auto share are positives for Motherson Sumi

Acquisitions such as the one in the aviation space is in line with goal of increasing non-auto revenues

A diversified portfolio following recent acquisitions, recovery in the domestic auto space and scope for margin gains aided the 1.5 per cent gains in Motherson Sumi. The new trigger for the country’s largest auto parts makers by market capitalisation has been recent acquisitions.

The company announced its entry into the aerospace industry on the back of a 55 per cent stake buy in Bengaluru-based CIM Tools. The company is engaged in machining and sub-assembly of components for the aviation sector. The company has an order book of Rs 1,500 crore to be executed over the next five years with 80