Samvardhana Motherson Launches MEESL for Clean Mobility Electronics

Samvardhana Motherson International Limited (SAMIL) has announced the incorporation of a new wholly owned subsidiary, Motherson Egtronics Electronics Solutions Limited (MEESL), on August 22, 2025. The move follows the execution of a Joint Venture Agreement (JVA) between SAMIL and South Korea-based Egtronics Co., Ltd., which was disclosed on June 19, 2025.

MEESL has been established under the provisions of the Companies Act, 2013, and will initially be fully owned by SAMIL. According to the terms outlined in the JVA, the shareholding structure of MEESL is expected to transition to 51% held by SAMIL (along with its nominee shareholders) and 49% by Egtronics Co., Ltd., in the future.

The new entity will focus on the design, development, manufacturing, and assembly of vehicle electronics for clean mobility applications. Its product portfolio will include DC-DC converters, auxiliary inverters, traction inverters, on-board chargers, power distribution units, and integrated solutions for the automotive and related industries.

The initial paid-up equity share capital of MEESL is INR 5,00,000 (Indian Rupees Five Lakhs Only). As the company is newly incorporated, turnover and historical financial data are not applicable at this stage.

MEESL operates in the manufacturing sector, with a strategic focus on advancing electronic systems for electric and hybrid vehicles. The incorporation aligns with SAMIL’s broader objectives under the JVA to strengthen its presence in the global automotive electronics market.

No government or regulatory approvals specific to the acquisition were required, and the transaction was completed through cash consideration. There are no related party interests in the entity outside the terms defined in the JVA.

This disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and the associated SEBI Master Circular.

SAMIL, headquartered in Noida, Uttar Pradesh, is a leading global automotive component manufacturer with operations across multiple countries. The company continues to expand its footprint in emerging technology areas within the automotive sector.