financetom
Business
financetom
/
Business
/
Motherson Sumi outlines Vision 2025; sees consolidated revenues rising to $36 billion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Motherson Sumi outlines Vision 2025; sees consolidated revenues rising to $36 billion
Jan 18, 2021 11:23 AM

Auto components and wiring major Motherson Sumi has unveiled an ambitious five-year plan - vision 2025. Under the plan, the company sees consolidated revenue rising to $36 billion and has guided for a 40 percent return on capital employed as part of the guidance.

The company has also said that it will ensure no country, customer or component contribute to more than 10 percent of overall revenue. Funds for growth will come from internal accruals and Motherson Sumi might also look at issuing equity if required.

The group on Monday also announced the acquisition of 75 percent stake in Turkish company Plast Met, marking its entry into the country. This is the company's 25th acquisition, which increases its global footprint to 42 countries.

In an interview to CNBC-TV18, Vivek Chaand Sehgal, Chairman of Samvardhana Motherson Group, and Laksh Vaaman Sehgal, Vice Chairman of Samvardhana Motherson Group, discuss the road ahead for the company.

Watch video for more.

(Edited by : Bivekananda Biswas)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nevada King Gets Approval For 47 Additional Drill Pads and New Road Construction In Nevada
Nevada King Gets Approval For 47 Additional Drill Pads and New Road Construction In Nevada
Feb 6, 2025
09:12 AM EST, 02/06/2025 (MT Newswires) -- Nevada King Gold ( NKGFF ) on Thursday received a 'Finding of No Significant Impact' (FONSI), from the Bureau of Land Management (BLM) and approval from the State of Nevada for a minor modification to its existing plan of operations at the 100%-owned Atlanta Gold Mine Project along the Battle Mountain Trend, northeast...
Tradeweb Markets' Average Daily Volume Rises Over 20% in January
Tradeweb Markets' Average Daily Volume Rises Over 20% in January
Feb 6, 2025
09:15 AM EST, 02/06/2025 (MT Newswires) -- Tradeweb Markets ( TW ) said Thursday that its average daily volume for January was $2.44 trillion, up 20.3% from a year earlier. Total trading volume for the month was $54.6 trillion, the company said. Tradeweb also said repurchase agreement average daily volume for January rose 33.8% year over year to $730.90 billion....
Pop-Tarts maker Kellanova beats quarterly sales, profit estimates on steady demand
Pop-Tarts maker Kellanova beats quarterly sales, profit estimates on steady demand
Feb 6, 2025
(Reuters) - Packaged food company Kellanova ( K ) beat Wall Street expectations for fourth-quarter earnings on Thursday, on the back of steady demand for its snacks and breakfast cereals such as Pringles and Cheez-It. While other packaged food companies such as Conagra and McCormick are facing a demand slowdown as customers cut back on ready-to-eat meals, Kellanova ( K...
Sector Update: Consumer Stocks Flat to Higher Premarket Thursday
Sector Update: Consumer Stocks Flat to Higher Premarket Thursday
Feb 6, 2025
09:10 AM EST, 02/06/2025 (MT Newswires) -- Consumer stocks were flat to higher premarket Thursday as the Consumer Staples Select Sector SPDR Fund ( XLP ) advanced by 0.6% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was inactive recently. Philip Morris International ( PM ) shares rose past 9% after the company reported higher Q4 adjusted...
Copyright 2023-2026 - www.financetom.com All Rights Reserved