Chairman Mr. Vivek Chaand Sehgal has been adjudged "Man of the Year" by the renown Indian magazine “Autocar Professional".
(Excerpt from http://autocarpro.in/contents/technologyDetails.aspx?TechnologyID=80)
Since Sehgal spends much of his time abroad – he travels for over 250 days in a year on an average – meeting the most important stakeholder he has, his customers, I should perhaps consider myself lucky to get a meeting with him. Sehgal’s style is low-key. However, it's a clear focus on his business, his staff and his dedication to meeting customers’ expectations that underpin a tough and aggressive approach to business. That has helped him transform a small business of Rs 12-13 crore in the early 1990s to SMG with a turnover of close to Rs 10,000 crore in this year 2010.
Few home-grown automotive companies have achieved the scale and sheer variety of product portfolio that the Motherson Group has been able to. With 25 alliances and a product portfolio to the tune of a few thousands, Sehgal and his top team have handled the challenges in a remarkable way. But Sehgal is not about to take things easy. He told Autocar Professional, “We are a family of workaholics.”
Sehgal’s family owns 3.85 percent (Samvardhana Motherson Finance Ltd holds 36.34 percent) of the Group’s flagship, but it is the breadth of his vision which encompasses stakeholders across the world.
In March 2009, Sehgal made his biggest move ever by acquiring the UK-based Visiocorp Plc, a key supplier of external and interior rearview mirrors to some of the big names in the auto world: BMW, Daimler, Volkswagen-Audi and PSA Peugeot Citroën, to mention a few. Visiocorp was mired in financial woes but having worked with the company in its earlier avatar as the Schefenacker (and then later as Visiocorp) as a joint venture partner, Sehgal knew the company’s true potential.
...more (link to www.autocarprop.in)
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SMR builds new plant in Mosonmagyaróvár
Mosonszolnok, 9 June, 2010. SMR Automotive Mirror Technology Hungary, a highly experienced manufacturer of automotive components, is building a second all-new manufacturing facility in Mosonmagyaróvár in May 2010. The new plant will manufacture passenger car rear view mirrors for European car makers and their subsidiaries in the region..
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