Samvardhana Motherson to buy Nexans Autoelectric for Rs 21.75 Bn

24 Dec 2025 CW Team

The proposed transaction follows the signing of a master framework agreement after entering into exclusive negotiations. Under this framework, a series of share and asset purchase agreements will be executed to transfer ownership of multiple subsidiaries and assets of the Autoelectric business to Motherson.

Autoelectric is a 60-year-old global manufacturer of automotive wiring harnesses serving both passenger vehicles (PVs) and commercial vehicles (CVs). For the calendar year 2024, the business reported revenues of €749 million, with PVs accounting for about 81 per cent of sales and CVs contributing the remaining 19 per cent. The company is well positioned to cater to evolving powertrain requirements, including internal combustion engine (ICE), hybrid, and electric vehicles.

The Autoelectric business operates 22 manufacturing facilities across 11 countries and is supported by more than 800 engineers and a workforce exceeding 13,000 employees. Motherson said the acquisition will enhance its ability to serve global OEM customers while adding new geographies and engineering capabilities to its existing portfolio.

Commenting on the acquisition, Vivek Chaand Sehgal, Chairman, Motherson Group, said, “This acquisition is a significant milestone for Motherson. It will enable us to support our key customers with wiring harness solutions and expand our global footprint to additional locations. We believe that our executional capabilities, combined with Autoelectric’s strong engineering capabilities and customer relationships, will drive innovation and sustainable growth.”

The transaction is expected to be cash EPS accretive and is subject to consultations with employee representatives and receipt of regulatory approvals. The company expects the deal to close by Q1 FY27.

Samvardhana Motherson International (SAMIL) has approved the acquisition of the global automotive wiring harness businesses of Germany-based Nexans Autoelectric GmbH and Elektrokontact GmbH at an enterprise value of €207 million, or over Rs 21.75 billion. The move is aimed at strengthening Motherson’s wiring harness capabilities, expanding its global footprint, and supporting a broad mix of powertrain technologies.The proposed transaction follows the signing of a master framework agreement after entering into exclusive negotiations. Under this framework, a series of share and asset purchase agreements will be executed to transfer ownership of multiple subsidiaries and assets of the Autoelectric business to Motherson.Autoelectric is a 60-year-old global manufacturer of automotive wiring harnesses serving both passenger vehicles (PVs) and commercial vehicles (CVs). For the calendar year 2024, the business reported revenues of €749 million, with PVs accounting for about 81 per cent of sales and CVs contributing the remaining 19 per cent. The company is well positioned to cater to evolving powertrain requirements, including internal combustion engine (ICE), hybrid, and electric vehicles.The Autoelectric business operates 22 manufacturing facilities across 11 countries and is supported by more than 800 engineers and a workforce exceeding 13,000 employees. Motherson said the acquisition will enhance its ability to serve global OEM customers while adding new geographies and engineering capabilities to its existing portfolio.Commenting on the acquisition, Vivek Chaand Sehgal, Chairman, Motherson Group, said, “This acquisition is a significant milestone for Motherson. It will enable us to support our key customers with wiring harness solutions and expand our global footprint to additional locations. We believe that our executional capabilities, combined with Autoelectric’s strong engineering capabilities and customer relationships, will drive innovation and sustainable growth.”The transaction is expected to be cash EPS accretive and is subject to consultations with employee representatives and receipt of regulatory approvals. The company expects the deal to close by Q1 FY27.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..