Joint Venture7 Jan 2026, 10:41 pm
Samvardhana Motherson International Completes Joint Venture with Egtronics Co. Ltd.
AI Summary
Samvardhana Motherson International Limited has completed the formation of a joint venture with Egtronics Co. Ltd., a South Korean company. This joint venture, established on January 07, 2026, is designed to design, develop, manufacture, and assemble clean mobility related vehicle electronics. The product portfolio includes DC-DC converters, auxiliary inverters, traction inverters, on-board chargers, power distribution units, or a combination of these for application in automobile and other industries. The equity shareholding of Motherson Egtronics Electronics Solutions Limited, the wholly owned subsidiary of the Company, is held by the Company and Egtronics in the ratio of 51% and 49%, respectively.
Key Highlights
- Samvardhana Motherson International Limited has completed a joint venture with Egtronics Co. Ltd.
- The joint venture is established to design, develop, manufacture, and assemble clean mobility related vehicle electronics.
- The product portfolio includes DC-DC converters, auxiliary inverters, traction inverters, on-board chargers, power distribution units, or a combination of these.
- The joint venture is applicable for automobile and other industries.
- The equity shareholding of Motherson Egtronics Electronics Solutions Limited is held by the Company and Egtronics in the ratio of 51% and 49%, respectively.