Volkwagen’s admission of not complying with emission standards for some of its diesel models in the US poses a potential threat to the prospects of motherson sumi, if the fallout extends beyond North America. If the issue is contained there then the impact is likely to be very limited.
Key takeaways from the management conference call 
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The current development should not be seen as anything different from a vehicle recall that other car manufacturers have carried out over the years
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VW has only stopped selling the diesel cars to the US, while sale of petrol vehicles continue.
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For MS so far nothing majorly adverse has happened and it is business as usal.
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Hypothetically if VW’s global market share goes down because of this development, it is possible that MS may not be impacted as some other OEM which takes up the slack is also a MS customer.
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VW constitutes 12% of MS’s sales, most of which are to Europe. Mexico forms a small 1-1.2% of the same.
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MS re-iterated its targets to be a globally preferred solution provider, and to achive 3CX15 ( no customer, no component and no country should have greater than 15% share of revenues by FY20).
I have very high regards for the MQ of MS and its guidance because history has shown that they have delivered, what guidance they have given
Disc : Invested
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