Noida, January 8, 2026: Samvardhana Motherson International Limited has completed the formation of its joint venture with South Korea-based Egtronics Co. Ltd., marking a strategic entry into the fast-growing clean mobility and vehicle electronics segment.
The joint venture, named Motherson Egtronics Electronics Solutions Limited, was completed on January 7, 2026, following the fulfilment of all agreed conditions. The entity will focus on the design, development, manufacturing and assembly of advanced vehicle electronics catering to electric and clean mobility applications.
Focus on Power Electronics for Electric Vehicles
The newly formed joint venture will operate in high-value power electronics, with a product portfolio that includes DC-DC converters, auxiliary inverters, traction inverters, on-board chargers and power distribution units. These products are critical components for electric vehicles and next-generation automotive platforms, with applications extending beyond automobiles into allied industries.This move aligns with Motherson’s broader strategy to expand its technology footprint and deepen capabilities in electrification-led automotive transformation, as global OEMs accelerate the shift toward electric and clean mobility solutions.
Shareholding Structure Post Completion
Following completion of the transaction, Samvardhana Motherson International Limited, along with its nominee shareholders, holds a 51 percent equity stake in the joint venture, while Egtronics holds the remaining 49 percent stake, ensuring operational control with Motherson and technical collaboration with the Korean electronics specialist.About the Company
Samvardhana Motherson International Limited is a globally diversified automotive components manufacturer with operations across multiple geographies, supplying wiring harnesses, mirrors, polymer modules and emerging technology solutions to leading global OEMs. The company is listed on Indian stock exchanges and continues to expand its presence in future-ready automotive technologies, including electrification and electronics.Source:
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