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ICICI Direct Report
Samvardhana Motherson International Ltd.'s analyst meet key takeaways:
The group reiterated its commitment towards $36 billion revenue target by FY25 with 40% return on capital employed and 40% dividend payout. It also aims to realise 75% of revenues from the auto space and rest 25% from non-auto domain.
The aim is also to have no component, country and customer more than 10% of sales. It counts domestic wiring business (Motherson Sumi Wiring India Ltd.) as an integral part of this vision.
Key takeaway for domestic wiring harness business include:
1.5 times wiring harness content in an sports utility vehicle versus a hatchback car,
1.2 times wiring harness content in a top variant of passenger vehicle model versus the base variant,
1.1 times wiring harness content in a top variant two-wheeler versus base variant,
2.4 times wiring harness content in an electric passenger vehicle versus internal combustion engine driven PV and
eight times wiring harness content in an electric two-wheelers versus ICE powered two-wheeler.S
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