Motherson Sumi Wiring India Limited
360 ONE Mutual Fund reduced its stake in Motherson Sumi Wiring India Limited from 1.13% to 1.06%, selling 50,13,500 shares.
A leading manufacturer of wiring harnesses and electrical components for the Indian automotive industry, Motherson Wiring operates as a joint venture between Sumitomo Wiring System and the Motherson Group. The company specializes in designing and producing complex wiring solutions for passenger vehicles, commercial vehicles, and two-wheelers, serving major automakers across India. Its vertical integration capabilities, advanced manufacturing facilities, and established customer relationships position it as a dominant player in the domestic wiring harness sector.
360 ONE Mutual Fund is the mutual fund arm of 360 ONE Asset Management, formerly IIFL Asset Management, part of the 360 ONE group, one of India's largest wealth and asset managers. Launched in 2010, it runs a focused range of equity and hybrid schemes built around a concentrated, research led approach. Its investments are overseen by chief investment officer Anup Maheshwari.