Auto components major Samvardhana Motherson International Ltd (SAMIL) aims to leverage technologies acquired through its global expansion to tap emerging opportunities in India's automotive market, as higher product standards and the shift to stricter emission norms drive demand for advanced solutions.
The strategy is part of its broader Vision 2030 ambition to achieve USD 108 billion in topline gross revenue by 2029-30.
In an interview with PTI, Pankaj Mital, Whole-time Director and President, and Gandharv Tongia, Group Chief Financial Officer, outlined the company's growth priorities, including bringing globally acquired technologies to India, expanding its presence across business segments and geographies, and strengthening its customer relationships.
"We believe that India's growth will also benefit us significantly, particularly because we now own many technologies. The quality of products being manufactured and consumed in India is improving, and the country is also moving towards the latest emission norms," Mital said.
"With the acquisitions we have made, we have gained access to new technologies. We are delivering solutions that meet the standards of the best in the world, and these technologies are now part of our portfolio. We can therefore bring them to India and provide the best solutions to the market," he added.