The company reported that profitability for its existing units, excluding greenfield operations, remained stable after accounting for the impact of copper price increases.
30 Jan 2026 | 272 Views | By Arunima Pal
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Vivek Chaand Sehgal, Chairman of MSWIL, stated that the quarter's performance reflected customer trust and steady revenue growth. He noted that the company remained committed to providing wiring harness solutions to automotive customers while investing in capabilities for future readiness.
The company reported that profitability for its existing units, excluding greenfield operations, remained stable after accounting for the impact of copper price increases. These increases affected margins due to a timing gap in customer settlements.
Greenfield units showed performance improvements during the quarter. Electric vehicle (EV) revenue represented 5.8% of total revenues in Q3 FY26.
MSWIL is a full-system solutions provider for original equipment manufacturers (OEMs) in the wiring harness segment. The company operates as a joint venture between Samvardhana Motherson International Limited (SAMIL) and Sumitomo Wiring Systems, Ltd. (SWS).
The company manufactures electrical and electronic distribution systems for power supply and data transfer in vehicles. It provides services from product design to production of integrated systems.
MSWIL operates production facilities across India, serving domestic automotive manufacturers. The company's portfolio includes wiring harnesses for conventional internal combustion engine vehicles and electric vehicles. As a joint venture partner with Sumitomo Wiring Systems, MSWIL leverages technical expertise from one of the global leaders in automotive wiring systems.
The company's parent, Samvardhana Motherson International Limited, is part of the Motherson Group, which operates in multiple countries across the automotive components sector. MSWIL's operations span the complete supply chain, from design engineering to manufacturing and delivery of electrical distribution systems for passenger vehicles and commercial vehicles.