Motherson Sumi Systems has bagged biggest ever orders from the German automobile manufacturer for the supply of exterior and interior systems for Mercedes-Benz.
MSSL estimated these orders to generate sales revenues of approximately Rs 15400 cr (Euro 2.2 billion approximately) over its lifetime and expected to commence from calendar year 2018.
To support Daimler’s expansion activities, MSSL will invest in 2 new plants, one each in the USA and Hungary. This will enable SMRP BV to be closer to Daimler’s vehicle assembly plants, along with capacity expansion in existing plants in Germany as well as new machines, tools and product development efforts.
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