They have a stated goal of ““3Cx15” (no Component, Customer or Country to represent more than 15% of turnover)” and from the recent management interview their VW exposure is not to be worried about. Their exposure to Maruti Suzuki is also not very significant. If you read some of the interviews/research reports/annual reports then you will find out that at one point 3/4th of revenue used to come from a single customer and from a single country. They have made great progress from there and the auto industry has almost always had something going on to worry about and Motherson has performed in spite of all these odds.
Also I think one should not make too much about VC Shegal’s tone and attitude. The man has built an empire, made money for shareholders, hired professional management and has great track record.
To me Motherson Sumi and VW fiasco looks like a case of getting over influenced by extra vivid evidence.
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