MOTHERSON

Feb 10 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON Q3 CONSOL NET PROFIT 10.24 BILLION RUPEES

• SAMVARDHANA MOTHERSON Q3 CONSOL TOTAL REVENUE FROM OPERATIONS 314.09 BILLION RUPEES

Source text: ID:nBSE7Sbrg8

Further company coverage: SAMD.NS

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Feb 4 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• URSSAF IMPOSED PENALTY OF 74,592 EURO ON UNIT

Source text: ID:nBSE1R6G5P

Further company coverage: SAMD.NS

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Jan 30 (Reuters) - Motherson Sumi Wiring India MSWI.NS reported a 7% increase in quarterly profit on Friday, helped by steady auto parts demand from carmakers selling more units after recent tax cuts.

Profit rose to 1.49 billion rupees ($16.20 million) in the quarter ended December 31, from 1.4 billion rupees a year ago.

The company, which sells wiring harnesses to several major carmakers, reported a 26% rise in revenue from operations to 28.87 billion rupees.

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KEY CONTEXT

Motherson Sumi has been expanding production capacity to support wiring demand for both electric and gas-powered vehicles amid increasing car demand after the government announced sweeping consumption tax cuts in September.

Car sales in India are set to touch 6 million by 2030, according to S&P Mobility data, with a rapid increase in demand for sports utility vehicles (SUV) and premium vehicles.

France's Renault RENA.PA unveiled a new model of its SUV Duster in India this month, becoming the latest carmaker to launch a new car after releases by domestic giants Tata Motors TAMO.NS and Mahindra MAHM.NS.

PEER COMPARISON

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER STOCK PERFORMANCE FOR PEERS

-- All data from LSEG

-- $1= 91.9510 Indian rupees

(Reporting by Praveen Paramasivam in Chennai and Surbhi Misra and Komal Salecha in Bengaluru; Editing by Sonia Cheema)

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Jan 27 (Reuters) -

• GAM SLAMS ‘INCOMPREHENSIBLY LOW’ HONDA UNIT SALE PRICE, WEIGHS LEGAL ACTION - BLOOMBERG NEWS

Source https://tinyurl.com/4md7mffk

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Jan 21 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• ISSUED COMMERCIAL PAPER OF 2.50 BILLION RUPEES

Source text: ID:nBSE7xNgGM

Further company coverage: SAMD.NS

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Jan 5 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• UNIT SECURES INCENTIVES UNDER INDIA'S PLI SCHEME

Source text: ID:nBSE626CT1

Further company coverage: SAMD.NS

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** Brokerage CLSA raises target price on auto parts maker Samvardhana Motherson SAMD.NS to 124 rupees from 113 rupees; lifts target multiple to 24x from 23x

** Stock rises 2.4% to 107.2 rupees

** New TP implies an 18% upside on last close; CLSA rates SAMD "outperform"

** CLSA says the company has been able to execute a more-than 2x jump in profit in 5 years; looks to set steeper targets for the next five years, citing a meeting with the company's management

** SAMD is aiming for 5x revenue in next 5-yrs; maintains long-term return on capital employed target at 40% - CLSA

** SAMD set for seventh straight session of gains; it rose 10.7% last week

** Stock rated "Buy" on avg, median PT at 114 rupees - data compiled by LSEG

** YTD, stock up 3%

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Samvardhana Motherson International Ltd SAMD.NS climb ~4% to 104.52 rupees; extending weekly gains to 10.4%

** Auto parts maker set for biggest weekly gain since June 2024

** SAMD rose in all sessions of the week, with gains led by its bullish growth outlook, and hopes of a U.S. trade deal

** Analysts tracking stock rate it "buy" on average - data compiled by LSEG

** Stock biggest daily and weekly gainer among auto stocks .NIFTYAUTO and on Nifty Next 50 .NN50 index

** SAMD turns YTD positive, last up 0.4% vs Nifty Auto index's ~18% jump

(Reporting by Nandan Mandayam in Bengaluru)

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Aug 29 (Reuters) - Yutaka Giken Co Ltd 7229.T:

• MOTHERSON GLOBAL INVESTMENTS: TO LAUNCH TENDER OFFER FOR YUTAKA GIKEN

• MOTHERSON GLOBAL INVESTMENTS: TO OFFER 3,024 YEN FOR EACH YUTAKA GIKEN SHARE

Source text: [ID:]

Further company coverage: 7229.T SAMD.NS

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Aug 13 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• WELL-POSITIONED TO NAVIGATE EVOLVING TARIFFS

• MAJORITY OF OUR SALES IN US ARE USMCA COMPLIANT

• FOR NON USMCA COMPLIANT PARTS, AGREEMENTS WITH CUSTOMERS TO PASS ON TARIFF COSTS ARE IN PROGRESS

Source text: ID:nNSE1ZQXRp

Further company coverage: SAMD.NS

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Aug 8 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON - INCORPORATED SUBSIDIARY MOTHERSON NEW ENERGY

Source text: ID:nBSE31QGSl

Further company coverage: SAMD.NS

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MUMBAI, June 25 (Reuters) - India's Samvardhana Motherson International SAMD.NS has accepted bids worth 20.25 billion Indian rupees ($235.34 million) for bonds maturing in five years, three merchant bankers said on Wednesday.

It will pay an annual coupon of 6.80% and had invited bids from bankers and investors earlier in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 25:

*Size includes base plus greenshoe for some issues

($1 = 86.0450 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Tasim Zahid)

(([email protected]))

MUMBAI, June 24 (Reuters) - India's Samvardhana Motherson International SAMD.NS plans to raise 25 billion rupees ($290.1 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in five years, three merchant bankers said on Tuesday.

It will pay an annual coupon of 6.80% and has invited bids from bankers and investors on Wednesday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 24:

*Size includes base plus greenshoe for some issues

($1 = 86.1900 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

(([email protected]))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Una Galani

HONG KONG, June 12 (Reuters Breakingviews) - Japan has become the world's hottest private equity market. So it is perhaps fitting that one of the country’s biggest buyout wreckages is finally being cleared up. Marelli, a supplier of parts to automakers Nissan Motor 7201.T and Stellantis STLAM.MI, on Wednesday voluntarily filed for bankruptcy protection in the United States to restructure debt of around 700 billion yen, about $4.9 billion. It's a painful ending for owner KKR KKR.N but one that will help the private equity giant steer around the pileup.

Marelli's decision to initiate Chapter 11 proceedings in the United States for the maker of lighting, interiors and chassis solutions is the latest twist in the long-running saga. A consortium of overseas creditors led by Strategic Value Partners, Deutsche Bank DBKGn.DE and South Korea's MBK will provide $1.1 billion of debtor-in-possession financing and take ownership if no superior offer emerges within a 45-day period, two people familiar with the situation told Reuters Breakingviews.

That’s not a foregone conclusion. Samvardhana Motherson International SAMD.NS, the Indian supplier of car wiring, mirrors and other parts, may yet submit an offer if it can gather financing. The $13 billion group’s earlier buyout proposal won the backing of Marelli customers and Japanese lenders led by Mizuho Financial Group 8411.T, but failed to secure the support of international creditors.

Finding a strong strategic owner for Marelli would be some consolation for Japan, whose auto industry is both an export engine and key employer. KKR will suffer a $2.6 billion writedown, most of which it has incurred already. Yet a successful restructuring would limit its embarrassment in the country that is the anchor for the buyout firm’s Asia Pacific strategy, representing 36% of the fair value of its investments in the region. Despite the Marelli crash, the firm has generated an impressive 37% gross internal rate of return across 15 investments since 2010.

The buyout came straight from a private equity owner’s manual: borrow large sums to pluck unloved divisions out of companies, mash them together, hack out costs, improve efficiency and find more customers. KKR kicked off by acquiring Japan’s Nissan-backed Calsonic Kansei for up to $4.5 billion in 2016, and then in 2019 paid about $6.5 billion to extract Italy’s Magneti Marelli from what was then Fiat Chrysler Automotive.

Challenges came thick and fast, however. Travel restrictions during the pandemic meant the Italian and Japanese engineers were unable to work side by side, while the arrest of Carlos Ghosn, the ousted chair of Nissan, precipitated turmoil at Marelli’s top customer. Now the entire auto industry is straining to adjust to the rise of electric vehicles, drowning in overcapacity, and reeling from U.S. President Donald Trump’s tariffs.

Marelli had already rejigged its debt, back in 2022. Its problems now look slightly less specific to KKR's ownership. The final chapter of this disastrous deal will nonetheless serve as a reminder to the rest Japan Inc. of what can go wrong in its current buyout boom.

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CONTEXT NEWS

Japanese auto-parts supplier Marelli has initiated voluntary U.S. Chapter 11 proceedings to restructure its long-term debt, the company owned by U.S. private equity firm KKR said on June 11.

Approximately 80% of lenders have signed an agreement to support a restructuring that will provide $1.1 billion of debtor-in-possession financing from lenders, Marelli said. Lenders providing the DIP financing will take ownership of the business when it emerges from Chapter 11 if no superior proposal emerges during a 45-day "overbid" process, it added.

In May, Marelli put forward a restructuring plan focused on a buyout by India's Samvardhana Motherson International but the proposal divided Japanese and foreign creditors, the Nikkei reported, citing unnamed sources.

Japanese lenders to Marelli include Mizuho, Japan Bank for International Cooperation and Development Bank of Japan. Strategic Value Partners, a credit investor, is the largest of the foreign creditors.

(Editing by Peter Thal Larsen; Production by Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on GALANI/ [email protected]))

April 15 (Reuters) - India's auto shares jumped 3% on Tuesday, led by gains in auto parts makers after U.S. President Donald Trump suggested he might grant exemptions on auto-related import tariffs.

Shares of India's biggest component maker by market capitalisation, Samvardhana Motherson SAMD.NS, jumped 7%, while other U.S.-reliant parts makers Bharat Forge BFRG.NS and Sona BLW SONB.NS rose over 6% each.

Tata Motors, whose luxury unit Jaguar Land Rover (JLR), gets about a quarter of its sales from the U.S., rose 5% on the day.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

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April 8 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SUBSIDIARY INCORPORATES SAMVARDHANA MOTHERSON GLOBAL OPERATION FZCO

Source text: ID:nnAPN2QC851

Further company coverage: SAMD.NS

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Rewrites throughout to include Indian auto parts makers, global peers' share moves

March 27 (Reuters) - India's Tata Motors TAMO.NS and the country's auto parts makers that supply Tesla TSLA.O, among others, dropped on Thursday after U.S. President Donald Trump announced plans for 25% tariffs on all imported cars and auto parts.

Tata Motors slid 5%, while Tesla's biggest Indian supplier, Sona Comstar SONB.NS, dropped over 4%, leading to a 1.2% drop in the auto sector .NIFTYAUTO in the world's third-largest auto market.

The 25% tariffs on cars and light trucks imported into the U.S. will start on April 2, while tariffs on auto parts will take effect from May 3. The news rocked the auto sector globally, with Tesla CEO Elon Musk saying the impact on the EV maker is "significant."

The U.S. is a top destination for Tata Motors-owned Jaguar Land Rover's (JLR) luxury cars, which are imported from plants in the UK and Slovakia.

Among other stocks, Samvardhana Motherson SAMD.NS, India's biggest auto parts supplier, fell over 2%, while Bharat Forge BFRG.NS, which also supplies Tesla, was down 0.4%.

The U.S., Samvardhana's top market along with India, accounts for 20% of its total revenue. North America, led by the U.S., forms a steeper 40% of Sona Comstar's revenue.

The day's decline also mirrors share moves of larger global carmakers, from Toyota 7203.T and Hyundai 005380.KS, to Stellantis STLAM.MI and Ford F.N, all of which fell after Trump's announcement.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)

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March 21 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON INTERNATIONAL - TO SUBSCRIBE OF 20,000 CCDS AGGREGATING UP TO 2 BILLION RUPEES

Source text: ID:nNSE28GRGX

Further company coverage: SAMD.NS

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March 4 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SELECTED AS TIER 1 SUPPLIER TO AIRBUS COMMERCIAL AIRCRAFT

• SIGNS MULTI-YEAR CONTRACT TO SUPPLY AIRBUS

Source text: ID:nBSE8kCNy7

Further company coverage: SAMD.NS

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Feb 20 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON INTERNATIONAL LTD - INCORPORATES WHOLLY OWNED SUBSIDIARY IN UAE

• SAMVARDHANA MOTHERSON INTERNATIONAL - UNIT TO PROVIDE TREASURY SERVICES FOR SAMIL AND SUBSIDIARIES

Source text: ID:nBSE8LPvgd

Further company coverage: SAMD.NS

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** Shares of auto-parts maker Samvardhana Motherson SAMD.NS slip ~2% to 123.81 rupees

** At least 11 brokerages cut price targets on stock after Q3 results missed estimates on Friday, hurt by weak global car sales, per data compiled by LSEG

** Brokerages including J.P. Morgan, Nomura, Citi Research said global auto demand remains weak in near-term on production delays, uncertainty around U.S. tariffs

** Investec says co is not "out of the woods yet" as macroeconomic demand challenges continue

** Some analysts flag positive growth momentum in co's emerging businesses segment, which includes electronics and aerospace segments and on management strategy to focus on acquisitions

** Mean PT of 19 brokerages falls to 162.43 rupees from 179.26 rupees before results - data compiled by LSEG

** Stock down ~21% YTD, it rose 53% in 2024

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Feb 14 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON INTERNATIONAL Q3 CONSOL NET PROFIT 8.79 BILLION RUPEES; IBES EST. 9.4 BILLION RUPEES

• SAMVARDHANA MOTHERSON INTERNATIONAL Q3 CONSOL TOTAL REVENUE FROM OPERATIONS 276.66 BILLION RUPEES; IBES EST. 293.11 BILLION RUPEES

Source text: [ID:]

Further company coverage: SAMD.NS

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Feb 7 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• UNITS APPROVED TO EXECUTE JV AGREEMENT(S) WITH SANKO CO

• JOINT VENTURE TO PROVIDE SUSTAINABLE PACKAGING SOLUTIONS IN INDIA AND EUROPE

• JV-A TO BE INCORPORATED IN INDIA WITH SMGCL 51%, SANKO 49%

• JV-B TO BE INCORPORATED IN HUNGARY WITH SAHN BV 51%, SANKO 49%

Source text: ID:nBSEbb9Ksz

Further company coverage: SAMD.NS

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Jan 9 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON - DEVELOPMENT OF GEN 3 PROTOTYPE EXPECTED TO TAKE SOME MORE TIME

• SAMVARDHANA MOTHERSON - PUBLIC AUCTION FOR PRYSM'S ASSETS BEING INITIATED

• SAMVARDHANA MOTHERSON - MSSL CONSOL AGREED TO PROVIDE DRIP FINANCING OF UP TO $3.8 MILLION

Source text: ID:nBSE9gQBNd

Further company coverage: SAMD.NS

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Dec 6 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON - APPROVED ACQUISITION OF 95% STAKE IN ATSUMITEC CO LTD

• SAMVARDHANA MOTHERSON - DEAL FOR $57 MILLION

Source text: ID:nNSE5Cv29Z

Further company coverage: SAMD.NS

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** Shares of Samvardhana Motherson SAMD.NS shed 5.3% to 165.55 rupees, log fourth straight session of decline

** Auto parts maker reports Q2 profit, rev below analysts' estimates - LSEG

** Trading volume 2.1x the 30-day moving avg

** Avg rating on SAMD at "buy"; median PT is 204.82 rupees - LSEG data

** Stock up ~63% YTD, set for second straight annual gain

(Reporting by Kashish Tandon in Bengaluru)

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Sept 26 (Reuters) - Samvardhana Motherson International Limited

• SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED REPORTS 19.6%% STAKE IN REE AUTOMOTIVE LTD. AS OF SEPTEMBER 26 - SEC FILING

• SAMVARDHANA MOTHERSON INTERNATIONAL - IN DISCUSSIONS WITH REE AUTOMOTIVE REGARDING DESIGNATION OF INDIVIDUAL FOR APPOINTMENT TO THE BOARD

Source text for Eikon: [ID:n0001123292-24-000291]

Further company coverage: REE.O

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Sept 23 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• CLOSES QIP, RAISED $771 MILLION

Source text for Eikon: ID:nBSE1bnWV7

Further company coverage: SAMD.NS

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Sept 16 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON - SMRC AUTOMOTIVE HOLDINGS NETHERLANDS TO EXECUTE JV AGREEMENT WITH HAMAKYOREX

• SAMVARDHANA MOTHERSON - JV BEING SETUP TO CONDUCT LOGISTICS OPERATIONS

• SAMVARDHANA MOTHERSON - INITIAL ISSUED AND PAID-UP EQUITY SHARE CAPITAL OF JVC SHALL BE JPY 50 MILLION

Source text for Eikon: ID:nBSE71WLNl

Further company coverage: SAMD.NS

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