Samvardhana Motherson International Limited (SMIL) has announced the completion of its acquisition of 100% of the issued and paid-up share capital of Yutaka Autoparts India Private Limited (YAIPL). The transaction was formally closed on March 16, 2026.
The company disclosed the development to both the National Stock Exchange of India and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Following the completion, YAIPL has become a wholly owned subsidiary of SMIL.
The acquisition was finalised after the fulfillment of all conditions precedent outlined in the Share Purchase Agreement (SPA), which was executed on March 11, 2026. These conditions typically include regulatory approvals, compliance checks, and other contractual obligations agreed upon by the involved parties.
This acquisition forms part of a broader, multi-stage transaction first announced by SMIL in August 2025. As part of that plan, the company—through its indirect wholly owned subsidiary Motherson Global Investments B.V.—is acquiring an 81% stake with voting rights in Yutaka Giken Co., Ltd. (YGCL), along with an 11% stake in Shinnichi Kogyo Co., Ltd. (Shinnichi).
YGCL, which is listed on the Tokyo Stock Exchange, represents a key component of SMIL’s strategy to expand its presence in global automotive markets. Shinnichi operates as a subsidiary of YGCL, in which YGCL holds a majority stake of 62%.
The deal structure, routed through Motherson Global Investments B.V., aligns with the group’s approach of leveraging international holding entities for cross-border acquisitions.
As one of India’s largest and most diversified automotive component manufacturers, Samvardhana Motherson International Limited continues to pursue an acquisition-led growth strategy to strengthen its global footprint and enhance its product capabilities.
The integration of Yutaka Autoparts India Private Limited provides a strategic domestic foothold within the broader Yutaka Giken ecosystem, complementing SMIL’s investment in the Japan-based parent entity. The move is expected to enhance operational synergies and support deeper integration across the group’s international operations.
