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Systematix Research Report
Motherson Sumi Wiring India Ltd. is a credible proxy to the domestic automotive industry, having sharply outperformed industry growth over the last two decades.
In its maiden FY22 annual report, the company reaffirmed its focus on leveraging mega trends in the industry – electrification, connected mobility and autonomous.
Motherson Sumi Wiring is a market leader (53%/74% revenue/Ebitda share) in wiring harness service solutions, with complete in-house design capabilities and engineering support, backed by its technical collaboration with Sumitomo, Japan.
Over the last 12 years, while the auto industry posted 4%/5% compound annual growth rate in volume/value, the company registered 15% CAGR in revenue, highlighting marked growth in content per vehicle (driven by higher electronic content).
Motherson Sumi Wiring has already introduced solutions for electric vehicles/ hybrids, as penetration of nextgen technologies gains pace.
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