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Motherson Sumi eyes acquisitions, 'in talks with potential takeover cos'
TIWN
Motherson Sumi eyes acquisitions, 'in talks with potential takeover cos'
PHOTO : TIWN

Mumbai, Aug 29 (TIWN) Auto components maker Motherson Sumi Systems is looking for more acquisitions and is in talks with many potential takeover companies.

A letter to the shareholders by Motherson Sumi Chairman Vivek Chaand Sehgal in the Annual Report of the company also noted that acquisitions must create value for the customers and must allow the company to achieve revenue and ROCE (return on capital employed) targets simultaneously.

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