Motherson Sumi is doing the right thing by acquiring the Reydel Automotive Group for $201 million, said Prakash Diwan, Market Expert at prakashdiwan.in.

Talking about the deal, Diwan said the good thing about the acquisition is that it talks about augmenting the capacities of the company within the interiors of the car and it will not be vulnerable to any disruption if electric vehicles (EVs) takeover largely.

Diwan is also extremely bullish on Escorts because of the kind of number growth that they are coming up.

First Published:Apr 3, 2018 10:22 AM IST