Motherson Sumi to invest 2,500 crore – Feedback

Auto component major Motherson Sumi is investing 2,000-2,500 crore in the financial year 2016-17, the third consecutive fiscal when it has pumped in more than 2,000 in capex. “Our capex plans include both India and international business. Last year, we invested 2,023 crore and the year before that too the capex was over 2,000 crore. For three years before that, we pumped in around 1,600-1,700 crore annually.

All our investment in new plants — currently there are 14 under commission across the world — is backed by our order book which stood at 1 lakh crore in Q4 of last fiscal. It is also self-funded,” said G N Gauba, CFO, Motherson Sumi Systems. The group is building greenfield facilities in the US, Mexico, Hungary, China, South Korea and India. Among these several markets will get multiple plants, including India, China, Hungary, Mexico among others. In total, 14 plants are at different stages of completion out of which four are new plants and ten are facilities already announced.

http://timesofindia.indiatimes.com/business/india-business/Motherson-Sumi-to-invest-2500-crore/articleshow/53642236.cms

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