Motherson International Ltd (SAMIL) saw its shares climb around 2% in early trading on March 20, 2026, following the announcement of a major joint venture (JV) with Hellmann Worldwide Logistics. The company's board, during its meeting on March 19, approved executing a JV agreement with Hellmann Worldwide Logistics (MESA) Holding Limited, based in Dubai's International Financial Centre. The new JV entity will be incorporated in Dubai, UAE, with SAMIL holding a majority 51% stake and Hellmann owning 49%. This partnership aims to deliver world-class supply chain solutions, focusing on the automotive industry. It will provide integrated third-party (3PL) and fourth-party (4PL) logistics services globally (excluding Japan), enhancing resilience, efficiency, and stability in supply chains. In the same board meeting, SAMIL also declared an interim dividend for FY 2025-26, boosting investor sentiment. The JV leverages Hellmann's global expertise as a leading freight forwarder with operations in over 170 countries.

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