Motherson Completes Acquisition of Yutaka Autoparts India

Samvardhana Motherson International Limited (SMIL) announced on March 17, 2026, that it has completed the acquisition of 100% of the issued and paid-up share capital of Yutaka Autoparts India Private Limited (YAIPL), with the deal closing on March 16, 2026.

The company disclosed the development to the National Stock Exchange of India and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. With this closing, YAIPL has become a wholly owned subsidiary of SMIL.

The transaction was concluded upon the fulfillment of all conditions precedent outlined in the Share Purchase Agreement (SPA), which had been executed on March 11, 2026, as disclosed to the exchanges at the time. The completion of conditions precedent is standard procedure in such corporate acquisitions, typically covering regulatory approvals, compliance confirmations, and other contractual obligations agreed upon by the parties involved.

The acquisition of YAIPL is not a standalone transaction but forms a specific and necessary step within a larger, multi-part acquisition that SMIL first disclosed to the market in August 2025. At that time, the company had announced its intent to acquire, through its indirect wholly owned subsidiary Motherson Global Investments B.V., an 81% stake with voting rights in Yutaka Giken Co., Ltd. (YGCL) and an 11% stake in Shinnichi Kogyo Co., Ltd. (Shinnichi). The acquisition of YAIPL was identified in that earlier disclosure as one of the key transaction steps required to bring the overall deal to completion.

YGCL is a company incorporated under the laws of Japan and is listed on the Tokyo Stock Exchange, making this part of SMIL's continuing strategy to expand its footprint in international automotive markets. Shinnichi is a subsidiary of YGCL, in which YGCL holds a 62% ownership stake. The structure of the deal, routed through Motherson Global Investments B.V., reflects the group's practice of using its international holding entities for cross-border acquisitions.

Samvardhana Motherson International Limited is one of India's largest and most diversified automotive component manufacturers, with operations spanning multiple countries and a customer base that includes several global original equipment manufacturers (OEMs). The group has historically pursued an acquisition-led growth strategy to enter new geographies and expand its product capabilities, and the Yutaka Giken transaction is consistent with that approach.

YAIPL, as an Indian arm of the Yutaka Giken group, provides the company with a domestic entry point into the broader YGCL ecosystem, complementing the Japan-listed parent stake being acquired through Motherson Global Investments B.V. The consolidation of YAIPL as a wholly owned subsidiary is expected to strengthen SMIL's integration with the wider Yutaka Giken operations.