Shock absorber business in India, SMIL and Magneti Marelli JV
Samvardhana Motherson International Ltd (SMIL) and Magneti Marelli Spa have signed a 50/50 JV agreement for automotive sector shock absorbers. SMIL enters the JV through acquisition of a stake representing 50% of the share capital of Magneti Marelli Shock Absorbers India Private Limited.
Magneti Marelli’s global shock absorber business and portfolio of added value shock absorbers technological solutions like the Full Displacement Valve, the Frequency Dependent Dual Stage and the Digressive Curve Valving to optimise NVH (Noise, Vibration and Harshness) levels benefits the JV.
Samvardhana Motherson Group (SMG) acquired Sintered Metal Components in 2012. The JV will also have access to it and SMG’s metal working, engineering & design, and IT solutions, and more. This is the group’s 20th acquisition. SMIL previously took over Visiocorp’s mirror business now rechristened Samvardhana Motherson Reflectec in 2009. Peguform was taken over in 2011 and renamed Samvardhana Motherson Peguform. Both businesses are in collaboration with its flagship company, Motherson Sumi Systems Limited (MSSL).
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