Motherson Sumi wins 500 mln euros orders

Newswire

MUMBAI, Aug 26 (Reuters) - Auto parts maker Motherson Sumi Systems Ltd said on Wednesday its unit won orders worth 34.9 billion rupees from major European carmakers including Volkswagen and BMW. "The total order size is around 500 million euros (34.9 billion rupees) spread across 5-6 years from 2011 onwards," Chief Operating Officer Pankaj Mital told Reuters. The orders were received by the recently acquired European firm Visocorp, which Motherson had bought in March. The firm was ...

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