Many companies in India are struggling due to the economic slowdown around the world, mainly in European nations. However, Motherson Sumi Systems is not one of them. According to the Chief Operating Officer Pankaj Mital, the company is very well on its way to meet their 2015 plan of getting USD 5 billion with the acquisition of German based Perguform.
“One thing which is different about Motherson Sumi is that we are not a single product, single geography or a single customer oriented company” said Mital in an exclusive interview to CNBC-TV18. “By expanding the content per car and by being in different geographies, we are able to grow despite the short term aberrations” he added.
Mital goes on to say that the company is now striving towards improving its return on capital employed. “The target for 2015 is to take our return on capital employed on the consolidated basis to 40%” he said.
“One thing which is different about Motherson Sumi is that we are not a single product, single geography or a single customer oriented company” said Mital in an exclusive interview to CNBC-TV18. “By expanding the content per car and by being in different geographies, we are able to grow despite the short term aberrations” he added.
Mital goes on to say that the company is now striving towards improving its return on capital employed. “The target for 2015 is to take our return on capital employed on the consolidated basis to 40%” he said.
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