Samvardhana Motherson to acquire a 51% stake in Saddles International and Aviation Interiors for $25m.

Samvardhana Motherson, a diversified manufacturer, agreed to acquire a 51% stake in auto parts manufacturers Saddles International and Aviation Interiors, for $25m. With the acquisition of Saddles International, Samvardhana Motherson will take a step towards diversifying its current business by entering the upholstery market for applications such as passenger vehicle seat covers, gear knob covers, and wrapping of door panels, etc., supporting the company's vision of increasing content per car.