Motherson Sumi is past its teens. It can’t grow fast enough to touch USD18 billion revenue in FY20.

Motherson Sumi is past its teens. It can’t grow fast enough to touch USD18 billion revenue in FY20.

Synopsis

Organic growth alone won’t help the auto-components major meet its goals in a tough market. But it is in no hurry for acquisitions either.

Joint ventures: 39 Acquisitions: 21 Motherson Sumi and deals are inseparable. India’s largest auto-components company by revenue has surpassed the last three revenue targets (for 2005, 2010, and 2015) it had set for itself in an ambitious five-year plan – growing from USD34 million in financial 2000 to USD5.5 billion in 2015, principally driven by smart acquisitions. But in business, extrapolation from history works only until fundamentals

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