Samvardhana motherson international Limited has successfully completed the formation of its joint venture with Taiwan-based Macauto Industrial Co., Ltd. on February 27, 2026. The completion follows the fulfillment of all conditions precedent outlined in the Joint Venture Agreement (JVA) initially disclosed in August and September 2025.

Joint Venture Structure and Ownership

The joint venture operates through Motherson Macauto Solutions Limited (MMASL), a wholly owned subsidiary incorporated specifically to achieve the JVA objectives. The equity shareholding structure provides strategic control to Samvardhana Motherson International Limited.

Business Scope and Operations

The joint venture is established to design, develop, manufacture, assemble and service a comprehensive portfolio of automotive components. The venture will focus on multiple product categories for automotive applications.

Key Product Lines:

• Door, window and roof sunshade systems
• Luggage cover systems
• Wind deflectors
• Allied, ancillary, composite or substitute automotive products

Strategic Partnership Background

The joint venture formation represents the culmination of strategic planning initiated in 2025. Samvardhana Motherson International Limited first disclosed the execution of the Joint Venture Agreement with Macauto on August 1, 2025, followed by the incorporation of MMASL on September 13, 2025.

Macauto Industrial Co., Ltd., the Taiwan-based partner, brings its expertise as a listed company on the Taiwan Stock Exchange Corporation. The partnership combines Motherson's global automotive component manufacturing capabilities with Macauto's specialized knowledge in automotive systems.

Regulatory Compliance

The completion has been communicated to both the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30(7) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework ensures transparent disclosure of material events to stakeholders and the investment community.

Samvardhana motherson international Limited has incorporated an indirect wholly owned subsidiary focused on renewable energy projects, marking the company's strategic expansion into the energy sector.

Subsidiary Incorporation Details

Motherson New Energy Limited, a wholly owned subsidiary of Samvardhana Motherson International Limited, has incorporated Motherson Energy Systems Naarangwadi Limited (MESNL) on February 24, 2026. The incorporation was completed under the Companies Act, 2013, with the company filing the requisite intimation under Regulation 30 of SEBI regulations.

Business Objectives and Operations

MESNL will be engaged in designing, developing, owning and operating power, energy and infrastructure projects, including associated facilities, primarily based on renewable sources. The subsidiary's operations will focus on captive use by Motherson Group entities, indicating a strategic move towards energy self-sufficiency and sustainability.

Capital Structure

The newly incorporated entity has been established with specific capital parameters that reflect its operational scope:

Regulatory Compliance

The incorporation has been communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with SEBI regulations. The company has confirmed that no governmental or regulatory approvals were required for this incorporation, and the transaction does not fall under related party transactions as it involves a new incorporation rather than an acquisition.

Strategic Implications

This incorporation represents Samvardhana Motherson International's entry into the renewable energy sector through its subsidiary structure. The focus on captive power generation for group entities suggests a strategic approach to energy cost management and sustainability initiatives across the Motherson Group's operations.