SAMIL to purchase 81% of Honda Motor subsidiary for Rs 10.59 bn
ECONOMY & POLICY

SAMIL to purchase 81% of Honda Motor subsidiary for Rs 10.59 bn

Samvardhana Motherson International (SAMIL) plans to acquire an 81% stake in Yachiyo Industry Co, a subsidiary of Honda Motor. The purchase price for this acquisition is set at Rs 10.59 billion. The auto parts manufacturer, based in Noida, expects the deal to be finalized in the first quarter of the 2024-25 fiscal year.

Yachiyo Industry Co. specialises in manufacturing various components for automobiles, including sunroof systems, fuel tanks, and exterior resin parts like bumpers and rear-side windows for pickup trucks.

This acquisition marks SAMIL's second global purchase in 2023. In February, they had previously announced the acquisition of SAS Autosystemtechnik GmbH & Co.KG (SAS) from Faurecia, a French company, for a total of Rs 47.90 billion. SAS is known for manufacturing auto cockpit modules. Before the agreement between SAMIL and Yachiyo is finalised, Yachiyo's two-wheeler business will be transferred to Honda. However, SAMIL will acquire 81% of Yachiyo's four-wheeler business, which currently employs approximately 3,200 people across 13 manufacturing facilities and three research and development centers in eight countries including the US, Brazil, Mexico, China, Japan, Thailand, Indonesia, and India.

SAMIL stated that the equity value for the entire approximately Rs 13.07 billion.

Vivek Chaand Sehgal, the chairman of SAMIL, expressed his enthusiasm about the acquisition, describing it as a significant milestone for Motherson. He stated that being chosen by Honda San for a global partnership was an honor, and they would strive to fulfill the trust placed in them by Honda San.

Also read:
Q2 2023 sees NCR’s unsold housing stock drop 21%
Magenta Mobility unveils PLENT


Samvardhana Motherson International (SAMIL) plans to acquire an 81% stake in Yachiyo Industry Co, a subsidiary of Honda Motor. The purchase price for this acquisition is set at Rs 10.59 billion. The auto parts manufacturer, based in Noida, expects the deal to be finalized in the first quarter of the 2024-25 fiscal year. Yachiyo Industry Co. specialises in manufacturing various components for automobiles, including sunroof systems, fuel tanks, and exterior resin parts like bumpers and rear-side windows for pickup trucks. This acquisition marks SAMIL's second global purchase in 2023. In February, they had previously announced the acquisition of SAS Autosystemtechnik GmbH & Co.KG (SAS) from Faurecia, a French company, for a total of Rs 47.90 billion. SAS is known for manufacturing auto cockpit modules. Before the agreement between SAMIL and Yachiyo is finalised, Yachiyo's two-wheeler business will be transferred to Honda. However, SAMIL will acquire 81% of Yachiyo's four-wheeler business, which currently employs approximately 3,200 people across 13 manufacturing facilities and three research and development centers in eight countries including the US, Brazil, Mexico, China, Japan, Thailand, Indonesia, and India. SAMIL stated that the equity value for the entire approximately Rs 13.07 billion. Vivek Chaand Sehgal, the chairman of SAMIL, expressed his enthusiasm about the acquisition, describing it as a significant milestone for Motherson. He stated that being chosen by Honda San for a global partnership was an honor, and they would strive to fulfill the trust placed in them by Honda San. Also read: Q2 2023 sees NCR’s unsold housing stock drop 21%Magenta Mobility unveils PLENT

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?