Samvardhana Motherson International Limited (SAMIL) has approved the acquisition of a controlling stake in Shenzhen Autocruis Technology Co., Ltd., a Chinese developer of automotive camera and vision systems, through a primary capital increase valued at CNY 153.3 million (approximately USD 22.6 million).
The transaction will be executed by SMR Automotive (Langfang) Co., Ltd., an indirect wholly-owned subsidiary of SAMIL. Upon completion of the initial investment, SMR Langfang will hold a 64.76% equity stake in the target on a fully diluted basis. Following a planned share buyback by Shenzhen Autocruis, that shareholding is expected to rise to 67.78%.
The deal was approved at a board meeting of SAMIL held on June 17, 2026, and disclosed to BSE Limited and the National Stock Exchange of India in accordance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Incorporated in April 2016 and headquartered in Shenzhen, Shenzhen Autocruis Technology designs and develops camera-based automotive solutions including Camera Monitoring Systems (CMS), Full Digital Mirror (FDM) systems, surround-view systems, Driver Monitoring Systems (DMS), and Digital Video Recorders (DVR). The company serves both OEM and aftermarket customers across commercial and passenger vehicle segments.
Its research and development operations are spread across Wuhan and Shenzhen, with a production facility located near Ningbo (Shaoxing). Shenzhen Autocruis has reported consistent revenue growth over recent years, with turnover rising from CNY 25.5 million in FY2023 to CNY 29.5 million in FY2024 and CNY 46 million (approximately USD 6.8 million) in FY2025.
Strategic rationale
SAMIL has cited three primary objectives behind the transaction. The first is to broaden its product portfolio with camera-based solutions spanning CMS, FDM, DMS, DVR, and surround-view systems. The second is to deepen in-house technology capabilities in areas including image quality, algorithms, video processing, and FPGA design. The third is to leverage Shenzhen Autocruis's established relationships with Chinese OEMs to gain access to the country's automotive market.
The acquisition falls within SAMIL's existing Vision Systems vertical, meaning the deal does not represent a departure from the company's core business lines.
Transaction structure
The consideration is entirely cash-based and takes the form of a subscription to fresh equity rather than a secondary share purchase. Under a separate Shareholders Agreement executed as part of the transaction, SAMIL will hold a majority of seats on the target's board of directors, along with a Right of First Refusal over remaining shares. Founding shareholders have agreed to a three-year non-compete obligation.
The remaining 32.22% of equity will continue to be held by Shenzhen Autocruis's founding shareholders and existing financial investors.
The transaction is subject to customary regulatory filings and approvals in the People's Republic of China, including applicable corporate and foreign investment registrations. Completion is expected by Q3 of FY2027, subject to the satisfaction of agreed conditions precedent.
The transaction has not been characterised as a related-party transaction, and no promoter, promoter group, or group company of SAMIL has been identified as having an interest in the entity being acquired.