Samvardhana Motherson International Limited (SAMIL), a global leader in the automotive component industry, has announced significant leadership changes and strategic investments, signaling a robust approach towards achieving its Vision 2030 goals.

Leadership Transitions

SAMIL has appointed Gandharv Tongia as the new Group Chief Financial Officer (CFO), effective November 15, 2025. Tongia, a member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India, brings over two decades of experience in corporate finance, strategy, and transformation.

Concurrently, Kunal Malani, the current CFO, will be elevated to the role of President - Group Strategy & Transformation. This move is aimed at strengthening the company's efforts towards achieving its Vision 2030 objectives.

Key Appointments and Their Roles

Strategic Investments

SAMIL has also announced two strategic investments:

1. Investment in Rider Dome Pte Ltd:

   • Initial investment of USD 0.50 million for a 10% stake
   • Potential further investment of USD 1.50 million based on performance milestones
   • Rider Dome specializes in Advanced Rider Assistance Systems (ARAS) for two-wheelers

2. Acquisition of Rubbertec Group's Business and Assets:

   • Estimated cost: AUD 5.00 million (~USD 3.30 million)
   • Rubbertec Group is engaged in rubber linings and components for the mining industry
   • The acquisition aims to enhance SAMIL's presence in the mining sector and expand its product portfolio

Company Outlook

These strategic moves indicate SAMIL's commitment to diversification and technological advancement. The company's focus on Vision 2030 suggests a long-term growth strategy aimed at strengthening its global market position.

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

Samvardhana Motherson International continues to maintain its position as the largest auto ancillary in India and ranks among the top 15 automotive suppliers worldwide. The company's diversification into non-automotive sectors, including technology, industrial solutions, health & medical, aerospace, and logistics, underscores its commitment to sustainable growth and innovation.

As SAMIL moves forward with these strategic initiatives, investors and industry observers will be keenly watching the impact on the company's market position and performance in the coming years.

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.