Exclusive: In chat with Anil Singhvi, Motherson Sumi Chairman VC Sehgal reveals expansion, business plans

In today’s edition of News Par Views show, Zee Business Managing Editor Anil Singhvi spoke to Vivek Chaand Sehgal, Chairman of Motherson Sumi an auto ancillary company which has business interests in India and across the world. The company had posted strong December quarter earnings results (#NewsParViews). 

The Motherson Sumi Chairman said that the stock prices came to the lowest levels of Rs 48 almost a year back when the Covid-19 pandemic started. The response to this was very strong he said and Motherson Sumi has managed to remove the blockages. The company now has the confidence to meet any eventuality, going forward, Sehgal said. 

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He said that the operations are almost back to the pre-covid levels. Motherson Sumi has presence in 42 countries and has over 272 units. The operations are not same every whereas some units are working at 110 per cent capacity while others at 90 per cent.  

The mindset is now one of personal mobility which has increased the demand, he said. 

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#ZBizExclusive | प्री-कोविड स्तर पर पहुंचा मदरसन सुमी का कारोबार, कंपनी के चेयरमैन विवेक चांद सहगल ने कहा- पर्सनल मोबिलिटी के चलते मांग में मजबूती। पिछले 5 साल में कंपनी ने 42 नए प्लांट लगाए

देखिए पूरा इंटरव्यू: https://t.co/hmkY1IkKO8#NewsParViews #MothersonSumi @AnilSinghvi_ pic.twitter.com/hY6aVySjOz

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Motherson Sumi has also been reducing its debt at the gross and net levels. He said that whatever debt was taken was to set up plants.  The company has set up 42 new plants. The company has been repaying its debts as the plants are coming into productivity. The current orderbook of Motherson Sumi is around 13.5 billion Euros. The existing plants have the capability to meet the orderbook. As the free cashflow comes, the company reduces its debts, he added. 

He said that there has been a lot of learning from the Covid-19 and that is sustainable.