Samvardhana Motherson subsidiary settles subcontracting dispute for Rs 22.18 million

Kinjal — Tue, 07 Apr 2026 10:54:58 +0000

Samvardhana Motherson International Limited’s indirect wholly-owned subsidiary, SMR Hyosang Automotive Ltd., has resolved a subcontracting dispute through a mediation agreement. The settlement, facilitated by the Subcontracting Dispute Mediation Committee (SDMC) of Korea Fair Trade Mediation Agency, was reached on April 6, 2026.

Under the terms of the agreement, SMR Hyosang will pay its subcontractor an amount of KRW 360,000,000, which is approximately equivalent to ₹22,179,600, excluding Value Added Tax. This payment is scheduled to be completed by April 27, 2026.

The mediation agreement effectively settles the dues and claims arising from subcontracting transactions between the parties. The SDMC order dated April 6, 2026, confirmed the successful mediation outcome.

Notably, Samvardhana Motherson International Limited has stated that the settlement will not have a material impact on the financial, operational, or other activities of SMR Hyosang or the parent company.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Motherson signs joint venture with Hellmann for global automotive logistics

Arunika Jain — Wed, 25 Mar 2026 08:24:57 +0000

Samvardhana Motherson International Limited (Motherson), a global specialist in Design, Engineering, Manufacturing, Assembly, and Logistics (D.E.M.A.L.), has entered into a joint venture agreement with Hellmann Worldwide Logistics (MESA) Holding Limited (Hellmann), a major international logistics provider. The new joint venture, to be based in Dubai, aims to deliver integrated supply chain solutions tailored to the automotive industry worldwide.

The collaboration between Motherson and Hellmann is set to provide innovative, efficient, and sustainable logistics solutions to address the evolving needs of the global automotive supply chain. By leveraging Hellmann’s extensive logistics network and technological capabilities alongside Motherson’s deep expertise in automotive supply chains, the partnership will offer access to over 30,000 global suppliers and established Original Equipment Manufacturer (OEM) relationships. The joint venture is expected to enhance stability, predictability, and efficiency in global logistics operations and expenditure. Both companies are committed to achieving carbon net-zero targets and will utilise their combined expertise and technologies to support sustainability initiatives across the industry.

Arjun Kochhar, Chief Executive Officer of the Logistics Solutions Business Division at Motherson Group, commented on the venture: “Motherson’s Logistics Division focuses on building specialised platforms that support the evolving supply chain needs of the Group, our customers, suppliers, and the broader ecosystem, as part of Motherson’s D.E.M.A.L solutions strategy. Our partnership with Hellmann Worldwide Logistics combines Motherson’s integrated industrial capabilities with Hellmann’s extensive network and advanced logistics expertise. Together we aim to deliver more resilient, agile, and sustainable logistics networks in an increasingly interconnected and complex global environment.”

Madhav Kurup, Global Chief Operating Officer of Airfreight, Sea freight, and Contract Logistics at Hellmann Worldwide Logistics, added: “As two family-owned companies with shared values and a strong cultural alignment, we are building a partnership rooted in trust and long-term ambition. Together, we are creating a global platform that takes automotive logistics to the next level by integrating smarter processes, seamless global coordination, and future-ready supply chain solutions.”

This strategic move will support Motherson’s expanding global manufacturing footprint and enhance Hellmann’s global automotive logistics capabilities, further solidifying both companies’ positions in the automotive logistics sector.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Samvardhana Motherson International Limited | Business Upturn

Samvardhana Motherson subsidiary settles subcontracting dispute for Rs 22.18 million

Motherson signs joint venture with Hellmann for global automotive logistics