Samvardhana Motherson International Approves New Joint Venture with Egtronics Co. Ltd. for Clean Mobility Solutions

Samvardhana Motherson International Limited has approved a new Joint Venture Agreement with Egtronics Co. Ltd., a South Korean company specializing in high-efficiency power electronics. The strategic partnership aims to provide innovative solutions for clean mobility, specifically for the commercial vehicle segment. The Joint Venture will enhance the technological capabilities of Samvardhana Motherson's Wiring Harness Division with the addition of Egtronics' patented product portfolio. The manufacturing operations will be established in India, with global sales excluding South Korea.