The Motherson Group, a leading global auto components supplier, has outlined its bold “Vision 2030” strategy, aiming to reach $108 billion in gross revenues by FY30—up from $25.7 billion in FY25. The plan targets an ambitious 33% compound annual growth rate (CAGR), driven by strategic diversification and acquisitions across both automotive and non-automotive sectors.
Unveiled during a recent analyst meeting, the roadmap reflects the company’s intent to evolve into a multi-industry manufacturing giant. The initiative builds on the “3CX10” principle, which limits exposure to any single customer, country, or component to below 10% of overall revenues—a model that proved successful under its earlier Vision 2025 plan.
The leadership team aims to push consolidated Return on Capital Employed (ROCE) to 40%, up from 18% in FY25. Notably, up to 75% of the incremental revenue growth is expected to come from acquisitions—both within and beyond the automotive space.
Over the years, Motherson has expanded its role in the value chain—from making components to offering complete products, systems, and integrated assemblies. Vision 2030 marks the next phase in this evolution, with plans to enter full vehicle assembly, not only in automotive but also in non-automotive domains. This positions the company to compete directly with major systems integrators and smaller-volume vehicle assemblers.
Despite industry challenges, including a global automotive production shortfall of nearly 60 million units versus 2020 forecasts, Motherson successfully met key targets under Vision 2025. This was achieved by turning around underperforming units, expanding its customer base, and investing in 37 new facilities—36 of which were in emerging markets.
The company has significantly expanded its presence in China and India. Revenue from India rose to 20% in FY25 (up from 15% in FY20), while China contributed 11% (up from 9%). Motherson now operates 33 facilities and five joint ventures in China, supplying to seven of the top ten New Energy Vehicle (NEV) manufacturers. Revenues in the region grew at a 20% CAGR, from $57 billion in FY20 to $140 billion in FY25, with key clients including Changan, Chery, Dongfeng, SAIC, Geely, and Xiaomi.
A recent strategic acquisition includes an 81% controlling stake in Japan-based Yutaka Giken Co. Ltd. (YGCL) and an 11% stake in its subsidiary, Shinnichi. The move, executed through Motherson Global Investments (MGI), strengthens its long-standing partnership with Honda—YGCL’s majority stakeholder—and broadens its reach among Japanese original equipment manufacturers (OEMs).
YGCL manufactures metal components and assemblies such as rotors, stators for hybrid motors, drive systems, brake systems, and thermal management solutions, serving the passenger vehicle, commercial vehicle, and all-terrain vehicle markets. The acquisition enhances Motherson’s ability to cross-sell existing offerings, especially in emerging markets.
Motherson continues to deepen capabilities in core product lines. In wiring harnesses, the group has achieved full vertical integration—from components and connectors to polymer compounding and electronics—boosting content per vehicle and improving cost efficiency across sectors.
Its Vision Systems division has evolved from simple manufacturing to a full-fledged solutions provider, offering integrated systems with cameras, electronics, and cybersecurity features. The business is now well-positioned to serve high-growth areas such as digital mirrors, driver monitoring systems, and even applications in healthcare and defence.
A cornerstone of Motherson’s global strategy is its “local-for-local” model—sourcing, manufacturing, and distributing within key markets. This approach has helped insulate the company from geopolitical disruptions, including US tariffs.
Overall, Vision 2030 reflects a multi-dimensional growth plan that combines aggressive expansion, operational excellence, and a move toward greater vertical and horizontal integration. With this strategy, Motherson aims to transition from a component manufacturer to a fully integrated global industrial powerhouse.
Motherson Group is a globally diversified automotive supplier, providing integrated solutions and a wide array of products to the automotive industry. With operations in over 40 countries, SMG serves some of the largest OEMs across the globe, offering components such as wiring harnesses, mirrors, polymer parts, and more.
Renowned for its customer-centric approach, the group continues to expand its footprint through strategic acquisitions and joint ventures, including the recent acquisition of Atsumitec. SMG’s dedication to innovation, sustainability, and operational excellence has positioned it as a trusted partner in the automotive industry.
