Data from India's central bank, shows that outward foreign investment in the first month of this current fiscal year (April 2021) increased by more than two-times year-on-year to $2.51 billion. Of this amount, $1.75 billion was in the form of loans, $421 million was equity capital, and $333 million was...
India's Motherson Sumi Expands Internationally
Noida, India-based auto component maker Motherson Sumi Systems consolidated net profit stood at $108.81 million in the quarter ending March 31, 2017, a better-than-expected 20 percent growth. Motherson Sumi's net sales outside India rose over 14 percent to 94.76 billion rupees (GB Please convert to USD) CFO of Motherson Sumi Systems,...
India's Motherson Sumi Acquires Finland's Automotive company
Noida, India-based automotive component firm Motherson Sumi Systems, a joint venture between its parent Samvardhana Motherson Group and Sumitomo Wiring Systems of Japan, acquired Finland’s PKC Group Plc for about $609 million. “We are very happy to announce that we have successfully acquired 93.75 per cent shareholding in the PKC...