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ICICI Direct Report
Motherson Sumi Wiring India Ltd. was established in 1986 as a joint venture with Sumitomo Wiring Systems (Japan). The company is a leading, full-system wiring harness solutions provider in India catering to all major original equipment manufacturers like Maruti Suzuki India Ltd., Toyota Motors, Ashok Leyland Ltd., Tata Motors Ltd., etc.
Key Highlights:
Wiring harness acts as a nervous system of an automobile primarily used to transport an electronic signal. Content is pegged at ~2-3% of vehicle price.
Content/vehicle is set to gain from increasing application of electronics (advanced driver assistance systems, TPMS, connected vehicle, etc.) in automobile and even electrification.
Content/vehicle in electric vehicle is pegged at ~1.5-2 times of internal combustion engine vehicle.
Motherson Sumi Wiring India works on asset light model with land and building leased from Samvardhana Motherson International Ltd.
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