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Auto components
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.](https://img.etimg.com/thumb/msid-67681336,width-1015,height-761,imgsize-463626,resizemode-8/prime/transportation/motherson-sumi-is-past-its-teens-it-cant-grow-fast-enough-to-touch-usd18-billion-revenue-in-fy20-.jpg)
![Motherson Sumi is past its teens. It can’t grow fast enough to touch USD18 billion revenue in FY20.](https://img.etimg.com/thumb/msid-67681336,width-1015,height-761,imgsize-463626,resizemode-8/prime/transportation/motherson-sumi-is-past-its-teens-it-cant-grow-fast-enough-to-touch-usd18-billion-revenue-in-fy20-.jpg)
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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