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Motherson Sumi Systems lines up capex of Rs 2,000 crore for FY18

Motherson Sumi Systems (MSSL), an auto component major, has earmarked Rs 2,000 crore capital expenditure for the current fiscal 2017-18. The investment would mainly go into the upcoming nine manufacturing plants across the world. The company is coming up with three plants in India, three in Hungary, one each at South Korea, Mexico and the United States.

Motherson Sumi Systems, including its subsidiaries and JVs is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.

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