Motherson Sumi doubles sales, triples net profit In Q2

ERJ staff report (DS)

New Delhi, India – Indian automotive supplier Motherson Sumi has reported substantially higher figures for the three months to September 2012, following a series of acquisitions in Europe.

Through subsidiare, Motherson Sumi completed the acquisition of an 80 percent stake in Peguform GmbH and Peguform Iberica, SL including subsidiaries and joint ventures as well as a 50 percent stake in Wethje Entwicklungs, GmbH and Wethje Carbon Composite,GmbH (together these companies have been re-named and are now known as the SMP Group) on…

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