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You can’t time an acquisition to perfection: VC Sehgal, chairman, Motherson Sumi Systems

You can’t time an acquisition to perfection: VC Sehgal, chairman, Motherson Sumi Systems
You can’t time an acquisition to perfection: VC Sehgal, chairman, Motherson Sumi Systems

Synopsis

The company would rather take time, than be in a hurry to meet an imaginary deadline.

Motherson Sumi, India’s largest auto-components maker by revenue, will never acquire a company unless it is doubly sure about the deal. When ET Prime caught up with the company’s founder VC Sehgal and chief financial officer GN Gauba for a chat, they did not share their otherwise upbeat and strong views on growth, but instead explained how things are diverging from the targets. Edited excerpts: How do you look at growth amid decreasing volumes
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The Economic Times