Motherson Group acquires 60% stake in Nanchang JMCG Mekra Lang Vehicle Mirror

Samvardhana Motherson Reflectec (SMR), through its joint venture SMR NBHX, will acquire a 60% stake in Nanchang JMCG Mekra Lang Vehicle Mirror, a Chinese manufacturer of automotive mirrors. JMCG will retain 40%. The deal is expected to close within three months.

“This acquisition is of strategic importance to us. We see a lot of synergies in the products and processes of both the companies.”auto.economictimes.indiatimes.com

• 1 source
• auto.economictimes.indiatimes.comMotherson Group entity acquires major stake in Chinese vehicle mirror company, ETAutowww.ETAuto.comOct 8, 2021

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