The overall market has about 90 million vehicles, which is around pre-COVID levels. However, when broken down by region, Europe and America are still 10-15% below pre-COVID levels, while India and China have ramped up beyond pre-COVID levels.
"Once the acquisitions get completed, we expect $5-5.5 billion on the top line on a gross basis and $2-2.5 billion on the net basis. So that is the kind of number and all these acquisitions that we have announced are also EPS accretive. So, we do see good growth coming in through these acquisitions."
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Pressing the Pedal
A spate of acquisitions in the last five years has put Motherson Group among the 50 biggest automotive component firms globally. It is now eyeing a place in the top 10 by trebling revenues by 2025
Vivek Chaand Sehgal, Chairman and Co-Founder, Motherson Sumi Systems - Photograph by Chandradeep Kumar
In the aftermath of the global financial crisis triggered by the bankruptcy of Lehman Brothers, the world s largest rearview mirror maker, Visiocorp, found itself in dire straits in late 2008. It is then that nearly a dozen global automotive giants, including Daimler and Volkswagen, among others, chose to approach a hitherto unknown Indian parts maker, Motherson Sumi Systems, to bail the company out by acquiring it.