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Commercial Vehicle - - WHAT'S INSIDE -

Sam­vard­hana Mother­son In­ter­na­tional Lim­ited (SAMIL) has an­nounced the ac­qui­si­tion of MS Global In­dia Pvt. Ltd. (MSGI). SAMIL has ac­quired a 100 per cent stake in MSGI from Korea-based MS Group. With a man­u­fac­tur­ing fa­cil­ity at Chen­nai, MSGI, a Rs.3.5 bil­lion en­tity, sup­plies Cabin-in-White (pressed sheet me­tal) and frames for chas­sis for com­mer­cial ve­hi­cles. Hav­ing an ex­clu­sive li­cense to use MS Group’s hot stamp­ing tech­nol­ogy in In­dia, claimed to be play­ing an im­por­tant role in light weight­ing of ve­hi­cles (in­clud­ing elec­tric ve­hi­cles). Hint­ing at syn­er­gies at play, V.C. Se­h­gal, Group Chair­man, SAMIL, ex­pressed that the ac­qui­si­tion of MSGI would in­crease his com­pany’s of­fer­ings in terms of con­tent per ve­hi­cle.

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