MOTHERSON

Adds details, background from paragraph 4

April 15 (Reuters) - India's auto shares jumped more than 3% on Tuesday and were set for their best day since early January, after U.S. President Donald Trump suggested he might grant exemptions on auto-related import tariffs.

Speaking on Monday at the White House, Trump said he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other places. Those tariffs could raise the costs of a car by thousands of dollars, and Trump said car companies "need a little bit of time because they're going to make 'em here."

Shares of auto parts makers rose the most on the auto index .NIFTYAUTO, which was last up 3.3%.

Samvardhana Motherson SAMD.NS, India's biggest component maker by market capitalisation, jumped 7.7%, while Bharat Forge BFRG.NS and Sona BLW SONB.NS rose around 6% and 7.3%, respectively.

Tata Motors, whose luxury unit Jaguar Land Rover (JLR) gets about a quarter of its sales from the U.S., rose 5%. It was the second-biggest winner on the auto index and among the biggest winners on the blue-chip Nifty 50 .NSEI, which was up over 2%.

The 15-member auto index, which had fallen nearly 11% since Trump announced his auto tariffs on March 26, has since narrowed the decline to 2.5%.

U.S.-reliant auto stocks pared their losses to between 6% and 12%, with Samvardhana posting the smallest loss and Tata Motors recording the steepest drop.

Trump's latest comments came days after he said he would pause "reciprocal" tariffs imposed on dozens of countries for 90 days.

Nomura said in a note on Friday they expect Indian suppliers to benefit from the pause on tariffs, as U.S. automakers look to source parts outside of China amid tit-for-tat tariffs between Washington and Beijing.

Ten of the 15 Nifty auto stocks are rated "buy" on average, with the rest rated "hold", according to data compiled by LSEG.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala and Varun H K)

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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)

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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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Nov 12 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON INTERNATIONAL Q2 CONSOL NET PROFIT 8.80 BILLION RUPEES; IBES EST. 9.15 BILLION RUPEES

• SAMVARDHANA MOTHERSON INTERNATIONAL Q2 CONSOL TOTAL REVENUE FROM OPERATIONS 278.12 BILLION RUPEES; IBES EST. 281.88 BILLION RUPEES

Source text: ID:nBSE449JNg

Further company coverage: SAMD.NS

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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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By Aditi Shah and Aditya Kalra

NEW DELHI, Sept 4 (Reuters) - One of India's largest makers of auto parts, Samvardhana Motherson International SAMD.NS, will launch a share sale of up to $715 million this month, two sources briefed on the matter told Reuters, the latest company to tap a booming stock market.

The fund-raising exercise stands to be one of India's biggest this year, data from Dealogic shows, lagging only $1-billion share sales by Vedanta and Adani Energy in recent months.

With a market capitalisation of about $15 billion, Motherson supplies parts to domestic and global automakers such as Maruti Suzuki MRTI.NS and Mercedes-Benz MBGn.DE.

Motherson's roadshows for the fund-raising exercise are "finding support from investors," said one of the two sources, who sought anonymity as the planning process is confidential.

The exercise is expected to be completed by month-end, the sources said, adding that the company plans to use the funds raised to repay debt, fund some expansion and certain capital expenditure.

Motherson did not respond to a request for comment.

The funds will be raised through a so-called Qualified Institutional Placement (QIP), which listed Indian companies use to raise funds from large institutions.

Motherson reported revenues of $11.75 billion and operating profit of more than $1 billion in the fiscal year that ended in March. Its net debt at the end of June stood at $1.58 billion.

Axis Bank AXBK.NS, HSBC HSBA.L, Jefferies JEF.N, JM Financial JMSH.NS and Morgan Stanley MS.N are advising the company on the share sale.

Jefferies declined to comment, while the other four did not respond to Reuters' requests for comment.

Motherson says it is among the world's largest suppliers of auto parts and also counts Tata Motors TAMO.NS, Volkswagen VOWG_p.DE, Ford Motor F.N and Porsche PSHG_p.DE among its clients.

Listed on the stock exchanges in 1993, the company also supplies parts to the aerospace, consumer goods and health and medical industries. It has acquired 45 companies in India and globally over the past two decades.

India's stock market is on a hot streak, with the benchmark index .NSEI up 16% this year, outdoing Asian peers.

(Reporting by Aditi Shah and Aditya Kalra; Editing by Clarence Fernandez)

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

• SAMVARDHANA MOTHERSON - INCORPORATED UNIT MOTHERSON STRATEGIC SYSTEMS MIDEAST, DUBAI

• SAMVARDHANA MOTHERSON - COST OF ACQUISITION AT AED 100,000

Source text for Eikon: ID:nBSE1tJwPd

Further company coverage: SAMD.NS

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** Shares of Samvardhana Motherson SAMD.NS rise about 3% to 185.85 rupees apiece

** Autoparts maker beats profit estimates in June quarter

** JPMorgan raises target price to 195 rupees from 165 rupees, reiterating "overweight" after the results

** Adds, SAMD to witness robust revenue growth between fiscal years 2024 and 2027 driven by rising vehicle assets and investments in non-automotive segments like aerospace and consumer electronics

** Morgan Stanley also raises target price to 198 rupees from 176 rupees, citing likely improvement in balance sheet, while Nomura expects diversification to defence and aerospace segments to aid growth

** The mean rating of 19 analysts tracking SAMD is "buy"; median target price 195 rupees - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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

• SAMVARDHANA MOTHERSON INTERNATIONAL Q1 CONSOL NET PROFIT 9.94 BILLION RUPEES; IBES PROFIT EST. 9.51 BILLION RUPEES

• SAMVARDHANA MOTHERSON Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 288.68 BILLION RUPEES; IBES EST. 283.74 BILLION RUPEES

Source text for Eikon: ID:nBSE7mGxZw

Further company coverage: SAMD.NS

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July 30 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON - TO CONSIDER RAISING OF FUNDS

Source text for Eikon: ID:nBSE38yPyc

Further company coverage: SAMD.NS

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July 29 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SALE OF UNIT'S STAKE IN LAUAK CIM AEROSPACE TO BE COMPLETED IN AUGUST 2024

Source text for Eikon: ID:nNSE3cVmqX

Further company coverage: SAMD.NS

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MUMBAI, July 4 (Reuters) - A unit of Indian auto parts maker Samvardhana Motherson International SAMD.NS has accepted bids worth $350 million for the sale of its dollar-denominated bonds maturing in five years, the company said in a filing with stock exchanges late Wednesday.

SMRC Automotive Holdings Netherlands BV will pay a coupon of 5.6250% on this issue, which is 140 basis points over the five-year U.S. yields, comfortably below the initial price guidance of a spread of 175 bps.

The proceeds from the issue would be used for debt repayment and refinancing.

BNP Paribas, Citigroup, HSBC, J.P. Morgan and MUFG are the joint global coordinators and joint lead managers while DBS Bank and Standard Chartered Bank are the joint lead managers for the issue.

Samvardhana Motherson International is the guarantor for the proposed notes, which are rated Baa3 by Moody's and BBB- by Fitch Ratings.

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

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MUMBAI, July 3 (Reuters) - A unit of Indian auto parts maker Samvardhana Motherson International SAMD.NS is planning to raise funds through the sale of five-year dollar-denominated bonds and has provided an initial price guidance, two bankers said on Wednesday.

SMRC Automotive Holdings Netherlands B.V. has given the initial price guidance of a spread of 175 basis points over the five-year U.S. Treasury yield, they said.

The five-year U.S. bond yield was around 4.40%.

The unit plans to raise $500 million through the sale of dollar bonds and had mandated bankers for the issue in June.

The coupon on the notes would be finalised later this week.

BNP Paribas, Citigroup, HSBC, J.P. Morgan and MUFG are the joint global coordinators and joint lead managers while DBS Bank and Standard Chartered Bank are the joint lead managers for the issue.

Samvardhana Motherson International is the guarantor for the proposed notes, which are expected to be rated Baa3 by Moody's and BBB- by Fitch.

(Reporting by Bhakti Tambe; Editing by Mrigank Dhaniwala)

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** Shares of auto parts maker Samvardhana Motherson up 3.5%, taking two day-rally to 7% and YTD gains to 100%

** Stock SAMD.NS hits record high of 207.12 rupees, above the most bullish analyst's price target

** 17 of 18 analysts have PTs between 130 rupees and 200 rupees, rate SAMD the equivalent of "strong buy" or "buy" - LSEG data

** Citi, though, rates it "sell" with PT of 85 rupees, per media reports

** SAMD surged nearly 26% in June, its best month since Feb. 2021, helped in part by strong Q4 results at end May

** Still, SAMD's fwd-12 month PE is 29.5, less than the 44-79x for the other for auto parts firms on the Nifty auto index

** The Nifty auto index .NIFTYAUTO has gained ~36 YTD

** Mahindra and Mahindra's MAHM.NS 66.5% jump the next best to SAMD on index

(Reporting by Savio Dsouza)

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June 26 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• SAMVARDHANA MOTHERSON INTERNATIONAL - SMRC AUTOMOTIVE HOLDINGS NETHERLANDS B.V IS PROPOSING ISSUE OF US $ DENOMINATED NOTES

• SAMVARDHANA MOTHERSON INTERNATIONAL - CO IS PROPOSING TO PROVIDE CORPORATE GUARANTEE ON BEHALF OF ISSUER FOR GUARANTEEING NOTES

Source text for Eikon: ID:nNSEblTr5Y

Further company coverage: SAMD.NS

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May 29 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• Q4 CONSOL NET PROFIT 13.72 BILLION RUPEES; LSEG IBES PROFIT EST. 7.69 BILLION RUPEES

• Q4 CONSOL TOTAL REVENUE FROM OPERATIONS 270.58 BILLION RUPEES; LSEG IBES EST. 269.21 BILLION RUPEES

• YEAR AGO Q4 CONSOL PROFIT 6.54 BILLION RUPEES, TOTAL REVENUE 225.17 BILLION RUPEES

Source text for Eikon: ID:nBSEbT9t9R

Further company coverage: SAMD.NS

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BENGALURU, May 16 (Reuters) - Motherson Sumi Wiring India MSWI.NS on Thursday reported a 38% rise in fourth-quarter profit, aided by strong demand for automobiles.

The company's profit rose to 1.91 billion rupees ($22.9 million) in the three months ended March 31 from 1.38 billion rupees a year earlier.

Motherson Sumi provides wiring harness solutions to automotive companies, including Maruti Suzuki, Tata Motors and Hyundai.

Demand for cars, especially for sport utility vehicles (SUVs), grew steadily during the quarter, benefiting companies like Motherson Sumi.

Passenger vehicles and electric vehicle models drove demand for wiring harnesses, the company said.

The Noida-based company, which is a joint venture between India's Samvardhana Motherson International SAMD.NS and Japan's Sumitomo Wiring Systems, said total revenue from operations grew 19% to 22.33 billion rupees.

The company's earnings before interest, tax, depreciation and amortization (EBITDA) margin expanded to 13% from 11.8% a year earlier.

Shares of the company rose 3.3% ahead of results, currently trading up 0.7%. It rose 7% in the March quarter.

($1 = 83.4856 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sohini Goswami)

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** Shares of Samvardhana Motherson SAMD.NS rise as much as 3.77% to 132 rupees, highest since January 2022

** About 3.94 mln shares of auto parts maker trade in five blocks at 129 rupees-131.45 rupees apiece

** Deals at 1.42%-3.34% premium to SAMD's last close

** SAMD shares up 29% in 2024 so far, compared with 19% rise in Nifty auto index .NIFTYAUTO of which it is a constituent - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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March 18 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:

• CO IS NOT GOING AHEAD WITH THE ACQUISITION OF THE 21% MINORITY STAKE IN SYMBIOSE SAS

Source text for Eikon: [ID:]

Further company coverage: SAMD.NS

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** Shares of Samvardhana Motherson International SAMD.NS down 3.7% at 120.85 rupees

** Top investor Sumitomo Wiring Systems (SWS) sold 4.43% stake in SAMD via bulk trades on March 6, it said in exchange filing

** SWS and HK Wiring Systems jointly held 14.32% stake in SAMD prior to stake sale

** SWS will not sell any further stake in next nine months, but will dilute remaining stake in SAMD over medium to long term, it said

** About 450 mln shares change hands, sees most active session ever

** SAMD shares are up 18.7% YTD, after gaining 37.5% in 2023

(Reporting by Sethuraman NR in Bengaluru)

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