Samvardhana Motherson completed the acquisition of a 81% stake in the four-wheeler business of Yachiyo Industry from Honda Motor for $128m.

Samvardhana Motherson, an auto parts maker, completed the acquisition of a 81% stake in the four-wheeler business of Yachiyo Industry, a fuel tanks and sunroofs developer, from Honda Motor, a conglomerate manufacturer of automobiles, motorcycles, and power equipment, for $128m. “This acquisition is an important landmark for Motherson as we are honoured to be handpicked by Honda San for a global partnership. We will give our best to live up to the trust bestowed upon us by Honda San. These new product segments are in line with our increasing content per car strategy as well as our customer-centric approach. We believe this business will be highly synergistic with Motherson’s existing portfolio as we see ample opportunities to grow this new business globally by leveraging our global relationships with automotive OEMs. We are looking forward to the exciting times ahead,” Vivek Chaand Sehgal, Motherson Chairman.