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 a new indirect wholly owned subsidiary focused on renewable energy projects. The company announced the formation of Motherson Energy Systems Bhend Limited (MESBL), marking its continued expansion into the energy sector.

Subsidiary Structure and Ownership

The new entity was incorporated through Motherson New Energy Limited (MNEL), which is a wholly owned subsidiary of Samvardhana Motherson International Limited. MNEL holds the entire share capital of MESBL along with its six nominees, creating an indirect wholly owned subsidiary structure.

Business Focus and Operations

MESBL will be engaged in the business of designing, developing, owning and operating power, energy and infrastructure projects, with a primary focus on renewable energy sources. The subsidiary's operations will be based at Bhendwade, Maharashtra, and the energy generated will be used for captive consumption by the Motherson Group.

Key Business Activities

• Designing renewable energy projects and associated facilities
• Developing power generation infrastructure
• Owning and operating energy projects
• Focusing on renewable energy sources for sustainable operations

Financial Structure

The newly incorporated subsidiary has been established with a defined capital structure to support its renewable energy operations.

Strategic Significance

The incorporation of MESBL represents Samvardhana Motherson International Limited's strategic move towards sustainable energy solutions. By establishing dedicated renewable energy infrastructure for captive use, the company aims to enhance its operational efficiency while contributing to environmental sustainability. The Maharashtra location at Bhendwade positions the subsidiary strategically for renewable energy development in the region.

The formation of this energy-focused subsidiary aligns with the growing emphasis on renewable energy adoption across industrial sectors, enabling the Motherson Group to secure reliable and sustainable power supply for its operations.