Samvardhana Motherson to buy SAS from Faurecia for Rs 4,790 crore

EV business constitutes almost half of the total net revenues of SAS. It manufactures cockpit modules and other components for EVs of European companies such as Volkswagen, Skoda, Mercedes, Porsche

Noida-based automotive (auto) component manufacturer Samvardhana Motherson International (SAMIL) on Sunday announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore.

“This acquisition will transform Motherson Group as a leading assembler of cockpit modules globally, with a special focus on electric vehicle (EV) models,” said Vivek Chaand Sehgal, chairman, SAMIL.

The EV business constitutes nearly half of the total net revenues of SAS. It manufactures cockpit modules and other components for EVs of European auto majors, such as Volkswagen, Škoda Auto, Mercedes-Benz, Porsche, Audi, and Chrysler.

About 60 per cent of SAS’ revenues