Samvardhana Motherson Acquires 81% Stake in Japan's Yutaka Giken for $184 Million
The acquisition will be executed through SAMIL's wholly-owned subsidiary, Motherson Global Investments B.V.
Samvardhana Motherson International Ltd (SAMIL), a leading Indian auto components manufacturer, has announced the acquisition of an 81% stake in Japan's Yutaka Giken Co., Ltd. (YGCL) for approximately $184 million (₹1,610 crore). The deal, approved by SAMIL's board on August 29, 2025, is aimed at strengthening the company's global footprint and deepening its ties with Honda Motor Co., Ltd., which currently holds a 69.66% stake in Yutaka Giken. Post-transaction, Honda will retain a 19% voting rights stake in YGCL.
The acquisition will be executed through SAMIL's wholly-owned subsidiary, Motherson Global Investments B.V. (MGI BV). In addition to the YGCL stake, MGI BV will acquire an 11% stake in Shinnichi Kogyo Co., Ltd., a subsidiary of YGCL. SAMIL also plans to acquire 100% of Yutaka Autoparts India Pvt Ltd from YGCL, further enhancing its presence in the Indian market.
Yutaka Giken, listed on the Tokyo Stock Exchange, specializes in producing metal components and assemblies, including rotors, stator assemblies, drive systems, brake systems, and thermal management systems. With 13 manufacturing units and one R&D facility across nine countries, YGCL reported a turnover of approximately $1.2 billion for the fiscal year 2024–25.
The acquisition aligns with SAMIL's strategy to expand its share of business with Japanese Original Equipment Manufacturers (OEMs) and to cross-sell YGCL's product portfolio to other OEMs, particularly in emerging markets. The transaction is subject to regulatory approvals from merger control authorities in Japan, the United States, China, Brazil, and Mexico, with an expected completion timeline by the first quarter of fiscal year 2026–27.
Following the announcement, SAMIL's stock price experienced a positive movement, reflecting investor confidence in the company’s strategic expansion. Industry analysts say the acquisition positions Samvardhana Motherson as a stronger global player in automotive components, with an enhanced product portfolio and wider access to international OEMs.