SAMVARDHANA MOTHERSON SETS A FIVE-FOLD GROWTH TARGET FOR 2030, AND A FUTURE BEYOND AUTO

$MOTHERSON has set itself a target that would be ambitious even by it's own standards: gross revenues of $108 billion by 2029-30, up from $22.9 billion in FY2026. Founded in the year 1975 in Delhi, the company has set up the goal for Vision 2030 in it's seventh 5-year plan. The company expects to achieve $108 billion topline, a 40% group return on capital employed, and dividends of up to 40% of consolidated profit. It now brands itself a D.E.M.A.L. specialist — design, engineering, manufacturing, assembly and logistics. For OEMs, the message is continuity; for the components sector, it is that one of India's most acquisitive groups intends to be measured, by 2030, as much by what it makes outside the car as within it.