Motherson sumi plans rs 2,000-cr capex

Auto components major Motherson Sumi Systems Ltd (MSSL) has lined up capital expenditure of Rs 2,000 crore for the current fiscal, mainly on the upcoming nine plants in five countries including India. MSSL, a joint venture between Samvardhana Motherson Group and Japan’s Sumitomo Wiring Systems, is a leading manufacturer of various auto components including wiring harnesses and rear view mirrors. “We have earmarked Rs 2,000 crore capex for the current fiscal (2017-18). The investment would mainly go into the upcoming nine manufacturing plants across the world,” Motherson Sumi Systems Ltd CFO GN Gauba said. The company is coming up with three plants in India, three in Hungary, one each at South Korea, Mexico and the United States, he added. The capex announced is in line with that of last fiscal.