India Ratings gives AAA rating to Motherson Sumi

Credit rating agency India Ratings and Research has awarded its top AAA rating to Motherson Sumi Systems, the auto components manufacturer said. Ind-Ra, a unit of global rating agency Fitch, took into consideration the company’s strong trackrecord and diversified client-based to issue the rating. “MSSL’s diversified customer base and product profile, strong track record of […]

Motherson Sumi Q1 revenue up 12%

Motherson Sumi Systems Limited (MSSL) said first-quarter revenue rose 12% to Rs 9,252 Cr and net profit rose 62% to Rs 266 Cr from a year ago. The company’s subsidiary SMP has been nominated in the Volkswagen Group Procurement Strategic Partners for Future Automotive Supply Tracks, it said. Its unit SMRPBV reported revenue growth of […]