Vivek Chaand Sehgal, the Chairman and CEO of Samvardhana Motherson International Ltd (SAMIL), has been the driving force behind the company’s meteoric rise in the global automotive component industry. Under his leadership, SAMIL has expanded from a small operation in India to a global giant, supplying leading automotive companies like Daimler, Audi, and Volkswagen. Today, the company operates in over 41 countries and has more than 350 manufacturing facilities.
Visionary Leadership and Strategic Growth
Sehgal’s visionary approach revolves around inorganic growth through acquisitions. In FY23 alone, SAMIL saw a 23% rise in total income, crossing ₹79,281 crores, with a 71% growth in net profit. This growth is partly fueled by acquisitions in sectors like aerospace and medical devices, signaling a shift beyond the automotive industry. The company’s ‘Vision 2025’ aims to make SAMIL a $36 billion company, diversifying its portfolio and reducing dependence on any single customer, country, or component.
Sehgal’s success stems from his ability to anticipate industry shifts, particularly the move toward electric vehicles (EVs). SAMIL has proactively positioned itself with over 20% of its order book now comprising EV components.
Conclusion
Vivek Chaand Sehgal’s ability to balance aggressive expansion with operational efficiency has been instrumental in making Samvardhana Motherson a leader in the global auto components industry. His foresight and strategic thinking continue to drive the company’s success in an evolving market.
FAQ
1. Who is the CEO of Samvardhana Motherson?
Vivek Chaand Sehgal is the Chairman and CEO of Samvardhana Motherson International Ltd.
2. What is Samvardhana Motherson’s Vision 2025?
The Vision 2025 plan aims for the company to achieve $36 billion in revenue with a balanced portfolio across customers, countries, and components.
3. How has Samvardhana Motherson grown under Vivek Chaand Sehgal?
Sehgal’s leadership has driven the company’s global expansion, marked by strategic acquisitions and a strong push into electric vehicle (EV) components.
4. What role does EV play in Samvardhana Motherson’s future?
Electric vehicles currently make up over 20% of the company’s order book, showing a strong commitment to the growing EV market.
5. In how many countries does Samvardhana Motherson operate?
The company operates in over 41 countries, supplying to major automotive manufacturers worldwide.