Motherson goes shopping to hedge its risks

Last month, Motherson announced its 18th acquisition and the biggest till date

Motherson Sumi is a “not yet” company. The country’s top automobile component maker does not reply in the negative even if it does not manufacture a particular part — “Not yet” is the answer. 
 

People believe it because, in the 30 years since it was set up, the company has grown from one product, wiring harness for the Maruti 800, to a whole range of products: shock absorbers, lightning systems, cockpits, bumpers, rear-view mirrors, and of course wiring harnesses.

In the process, it is the largest Indian maker of automotive components. It clocks more revenue than Bajaj Auto, Ashok Leyland