Motherson Sumi shuts down Chinese auto component subsidiary Shenyang

Motherson Sumi shuts down Chinese auto component subsidiary Shenyang

The China-based firm was an indirect subsidiary with a Rs 19.2 crore net worth.

FPJ Web DeskUpdated: Wednesday, March 22, 2023, 09:25 PM IST
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Through a regulatory filing, Motherson Sumi now known as Samvardhana Motherson International, has announced the deregistration of its Chinese auto component arm Shenyang SMP.

The China-based indirect subsidiary with a Rs 19.2 crore net worth, has ceased to exist after Motherson Sumi's move.

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