Motherson Sumi Wiring India Limited (MSWIL), a leading full-system solutions provider in the wiring harness segment, has announced its financial results for the June quarter. The company reported a robust year-on-year revenue growth, outpacing industry expansion, while facing some challenges in profitability.

Key Financial Highlights

• Revenue Growth: MSWIL reported revenues of Rs 2,494.03 crore for the quarter, marking a strong 14% year-on-year growth. This performance significantly outpaced the industry's 3% growth, demonstrating the company's competitiveness and strong customer relationships.

• Net Profit: The company reported a net profit of Rs 143.10 crore, a 3.8% decline from Rs 148.87 crore in the same period last year.

• Expenses: Total expenses increased to Rs 2,305.26 crore from Rs 1,991.46 crore year-on-year, contributing to the profit decline.

Operational Highlights

• Greenfield Projects: One of MSWIL's Greenfield projects is ramping up slower than expected due to market dynamics, but the company remains on track with its strategic expansion plans.

• Customer Relationships: The company's strong customer relationships have enabled its presence in key existing and new model launches.

Management Commentary

Mr. Vivek Chaand Sehgal, Chairman of Motherson Sumi Wiring India Ltd., commented on the results: "The company has delivered a robust year-on-year revenue growth, significantly outpacing the industry's expansion. This reflects our competitiveness and strong relationship with customers, which has enabled us to be present in their key existing and new model launches."

He further added, "While the ramp-up at a specific Greenfield project is growing at a slower-than-expected rate due to market dynamics, we remain on track with our strategic expansion plans to support future requirements of OEMs. Our commitment to operational excellence and customer partnership positions us well for sustained growth and value creation in the coming quarters."

Future Outlook

MSWIL remains optimistic about its future prospects, citing its strong customer relationships and strategic expansion plans. The company is well-positioned to capitalize on the growing automotive industry trends.

However, the company faces challenges in maintaining profitability margins amidst rising costs and ongoing investments in Greenfield projects. MSWIL's management is focused on operational excellence and strategic expansions to drive future growth and enhance shareholder value.

As the automotive industry continues to evolve, Motherson Sumi Wiring India Limited appears to be adapting its strategy to maintain its competitive edge in the wiring harness segment.

Motherson Sumi Wiring India Limited (MSWIL), a key player in the automotive wiring industry, has announced significant changes to its Board of Directors, effective July 24, 2025. The company, known for its expertise in automotive wiring systems, is set to welcome a new nominee director from its Japanese partner, Sumitomo Wiring Systems Limited.

Board Reshuffle

The changes in MSWIL's board composition include:

1. Resignation: Mr. Norikatsu Ishida, who served as a nominee director of Sumitomo Wiring Systems Limited, Japan, has stepped down from the Board.

2. New Appointment: Mr. Soichiro Namba has been appointed as an Additional Director, representing Sumitomo Wiring Systems Limited, Japan.

These changes were approved by the MSWIL Board of Directors during a meeting held on July 24, 2025.

Profile of the New Director

Mr. Soichiro Namba brings a wealth of experience to MSWIL:

• Educational Background: Graduate of Keio University, Tokyo
• Professional Experience: Over 30 years in sales and international business operations
• International Exposure: More than 10 years of working experience in Belgium and Germany
• Expertise: Extensive knowledge in marketing, international business, and management
• Career History: Worked with Sumitomo Electric Industries, Ltd. (SEI) and Sumitomo Wiring Systems, Ltd. (SWS) in various capacities

Mr. Namba's appointment as a Director will be subject to approval at the upcoming Annual General Meeting of MSWIL.

Additional Board Approvals

In the same board meeting, MSWIL also approved the appointment or re-appointment of key auditors:

1. Secretarial Auditor: M/s. SGS Associates LLP, appointed for five consecutive years from FY 2025-26 to FY 2029-2030
2. Internal Auditor: M/s PR Mehra & Co., re-appointed for FY 2025-26
3. Cost Auditor: M/s M.R Vyas and Associates, re-appointed for FY 2025-26

These appointments are part of MSWIL's commitment to maintaining robust corporate governance and compliance standards.

The board changes and auditor appointments reflect MSWIL's ongoing efforts to strengthen its leadership and ensure effective corporate oversight. As the company continues to navigate the dynamic automotive industry, these strategic moves are expected to contribute to its growth and operational excellence.