Samvardhana Motherson to acquire 81% in Honda subsidiary Yachiyo, enter sunroof business

By acquiring Yachiyo's four-wheeler business, the leading Indian Tier 1 supplier gets a host of benefits including entry into the global sunroof business, access to Honda R&D and significant synergies with its existing operations.

04 Jul 2023 | 9112 Views | By Autocar Professional Bureau

Samvardhana Motherson International, a wholly owned subsidiary of SAMIL, has entered into an agreement to acquire 81% stake in Honda Motor Co subsidiary Yachiyo’s four-wheeler business housed under Yachiyo Industry Co Ltd.

Honda Motor currently owns a 50.4% stake in the listed Yachiyo, and the rest is owned by ...

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