Auto ancillary group Samvardhana Motherson has acquired MS Global India from Korea based MS Group. Following the acquisition, Samvardhana Motherson will enter into Sheet Metal parts with a focus on hot stamping, a light-weighting technology for high strength Sheet Metal parts. This technology enables light-weighting of vehicles and has major uses in Electronic Vehicles. MS Global India has the exclusive license to use MS Group’s hot stamping technology in India.
MS Global is a Tier 1 supplier to leading global commercial vehicle OEMs with the manufacturing facility in Chennai, India. It is also engaged in Cabin-in- White (Pressed Sheet Metal business) and frames for chassis for Commercial Vehicles. Samvardhana is a major supplier to all major car manufacturers globally.
“We look forward to the opportunities that this step in a new direction will bring us. We believe that there are many synergies at play, most important being, it increases our offerings in terms of content per car, as these parts are used in both passenger and commercial vehicles. As always, we are grateful for the support and confidence of our customers, who encourage us to take steps in new directions and create new opportunities for us,” said V C Sehgal, Group Chairman.