For the first quarter of FY2025, Motherson Sumi Wiring India (MSWIL) has declared a strong performance. Profit after tax increased 21% YoY to Rs 149 crore during the April–June 2024 period, despite overall revenue increasing 17% YoY to Rs 2,185 crores.
Motherson Sumi Wiring India is a prominent and rapidly expanding full-system solutions provider to OEMs in the wiring harness market in India. It is a joint venture between Samvardhana Motherson International and Sumitomo Wiring Systems.
From initial product design and validation through tool design and manufacturing, finishing, processing, assembly, and ultimately, production of integrated state-of-the-art electrical and electronic distribution systems for the power supply or data transfer across vehicles, the company serves the needs of the automotive industry at every stage of the supply chain. The business is a major supplier of electric two-wheelers and India’s best-selling passenger cars, both ICE and EV.
Commenting on the Q1 numbers, Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India, said: “The company has demonstrated a good performance. Our unwavering commitment to maintaining customers’ trust has been the driving force behind our success. It is through our relentless dedication to pushing the boundaries and delivering exceptional value to our stakeholders that we have been able to consistently deliver such performance. The company remains committed to understanding and staying aligned with industry trends and proactively adapting to the dynamic environment.”
According to the company, the Q1 performance has come on the back of increased volumes and content due to global automotive megatrends. Performance remained resilient despite the transitory impact of higher raw material prices and start-up costs mitigated with operational efficiencies. Of the two green fields facilities, one plant commenced operations in July 2024 and is in the ramp-up phase. The second plant is expected to come on stream by Q1 FY2026. MSWIL’s EV revenue grew by 50% year over year.
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