Samvardhana Motherson International Limited (SAMIL), a global leader in the automotive components industry, has announced significant leadership changes and strategic investments aimed at strengthening its position and driving towards its Vision 2030 goals.

Leadership Transitions

The company's Board of Directors has approved several key management changes:

1. New Group CFO Appointment: Mr. Gandharv Tongia has been appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel, designated as Group CFO, effective November 15, 2025. Mr. Tongia brings over two decades of experience in various financial roles and is a member of both the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.

2. Strategic Role for Former CFO: Mr. Kunal Malani, the current CFO, has been elevated to the position of President - Group Strategy & Transformation, effective November 15, 2025. This move is aimed at strengthening efforts towards achieving the company's Vision 2030.

3. New Chief Procurement Officer: Mr. Hemant Barge joins SAMIL as the Chief Procurement Officer. Mr. Barge brings extensive experience from his three-decade tenure with the Tata Motors Group, where he held leadership roles in sourcing, manufacturing, and post-acquisition business transition.

Strategic Investments

SAMIL has also announced two strategic investments:

1. Investment in Rider Dome: The company plans to invest up to USD 2.00 million in Rider Dome Pte Ltd, a Singapore-based company developing Advanced Rider Assistance Systems (ARAS) for two-wheelers. The investment will be made through SAMIL's wholly-owned subsidiary, MSSL (S) Pte Ltd, in multiple tranches.

2. Acquisition of Rubbertec Group: SAMIL's indirect subsidiary, Motherson Elastomers Pty Ltd, will acquire the business and assets of Rubbertec Group, an Australian company specializing in rubber linings and components for the mining industry. The acquisition, valued at approximately AUD 5.00 million (USD 3.30 million), is expected to be completed by Q3 FY 2025-26.

Financial Overview

These strategic moves align with SAMIL's vision to expand its global footprint and diversify its product portfolio. The company aims to leverage these investments to strengthen its presence in the two-wheeler segment and the mining industry, while also focusing on technological advancements and market penetration.

Mr. Laksh Vaaman Sehgal, Vice Chairman of Motherson Group, expressed confidence in these changes, stating, "These strategic moves and leadership changes are a testament to our commitment to achieving Vision 2030. We are confident that our new leaders and investments will play pivotal roles in further strengthening the company and driving our growth agenda."

As Samvardhana Motherson International continues to evolve and expand its global presence, these strategic decisions may position the company to capitalize on emerging opportunities in the automotive and mining sectors, potentially enhancing its competitive edge in the global market.

Samvardhana Motherson International Limited (SAMIL), a leading auto components manufacturer, has announced the appointment of Hemant Barge as its new Chief Procurement Officer, effective October 29, 2025. This strategic move aims to bolster the company's senior management team and enhance its procurement capabilities.

Experienced Leadership

Hemant Barge brings a wealth of experience to his new role at SAMIL. With over three decades of service at Tata Motors, Barge has established himself as a seasoned professional in the automotive industry. His extensive background includes:

• Formulating strategies and execution plans
• Supply Chain Management
• Manufacturing operations
• Green field project management
• Technology absorption

Prior to joining SAMIL, Barge held the position of Chief Procurement Officer at Tata Motors' Passenger Vehicles division, showcasing his expertise in procurement and supply chain management at the highest level.

Strategic Appointment

The appointment of Hemant Barge as Chief Procurement Officer is a significant move for Samvardhana Motherson International. As a Senior Management Personnel, Barge is expected to play a crucial role in optimizing the company's procurement processes and strengthening its supply chain operations.

Company's Perspective

The decision to bring Barge on board was made by SAMIL's Board of Directors, following a recommendation from the Nomination and Remuneration Committee. This appointment aligns with the company's strategy to enhance its leadership team with experienced professionals who can contribute to its growth and operational excellence.

Implications for SAMIL

Hemant Barge's appointment may bring several benefits to Samvardhana Motherson International:

1. Enhanced procurement strategies: Leveraging his experience from Tata Motors, Barge may implement advanced procurement techniques to optimize costs and improve efficiency.
2. Strengthened supply chain: His expertise in supply chain management could lead to more robust and resilient supply networks for SAMIL.
3. Operational improvements: Barge's background in manufacturing operations and project management may contribute to overall operational enhancements across the company.
4. Technology integration: His experience with technology absorption could drive innovation in SAMIL's procurement processes.

Looking Ahead

As Samvardhana Motherson International continues to strengthen its position in the auto components sector, the addition of Hemant Barge to its leadership team signals the company's commitment to excellence in procurement and supply chain management. Stakeholders will be watching closely to see how this appointment influences SAMIL's operational efficiency and competitive edge in the coming years.

The automotive industry continues to face challenges and opportunities in an evolving global market. With experienced leaders like Hemant Barge at the helm of critical functions, SAMIL appears to be positioning itself to navigate these changes effectively and maintain its growth trajectory.