Samvardhana Motherson Approves Stake Acquisition in HR Dhauliganga for Solar Captive Plant

Samvardhana Motherson International Limited (SAMIL) announced that its Board of Directors has approved the execution of Power Delivery Agreements (PDA) with HR Dhauliganga Private Limited (HRDPL). The agreements, undertaken by the company and its subsidiaries, are part of a broader sustainability initiative to enhance renewable energy usage across SAMIL’s operations.

The planned ~50MWp solar captive plant will supply renewable energy to several of SAMIL’s operational sites in Tamil Nadu, with an estimated reduction of 1.38 million metric tons of CO₂ emissions over the project’s lifespan. To meet the regulatory conditions for captive energy generation under Indian electricity laws, SAMIL and its subsidiaries will acquire a collective 28.15% equity stake in HRDPL, with SAMIL independently holding 18.35%.

The investment will be made through cash consideration, amounting to up to ₹141.3 million in one or more tranches, with completion expected in Q2 FY26. HRDPL is a special purpose vehicle incorporated on December 10, 2024, by Hinduja Renewables Energy Private Limited, which will retain majority ownership.

Samvardhana Motherson International Limited (SAMIL) is a diversified global automotive component manufacturer headquartered in India. The company operates across various business verticals, including wiring harnesses, vision systems, modules and polymer products, metal components, and precision machining. SAMIL serves a broad range of industries such as passenger vehicles, commercial vehicles, two-wheelers, and industrial applications.

With a presence in over 40 countries, SAMIL supports its customers through more than 350 manufacturing facilities and multiple design and development centers. The company follows a customer-centric approach and focuses on providing localized support and solutions to automotive OEMs globally. It has consistently expanded its global footprint through organic growth and strategic acquisitions, strengthening its capabilities across regions and product segments.

SAMIL is a part of the Motherson Group, which was established in 1975 and has since grown into one of the world’s leading auto component suppliers. The company emphasizes technology, operational efficiency, and sustainability in its operations. It is also actively working towards increasing the share of renewable energy and reducing its environmental impact through various initiatives.