Motherson Sumi Wiring India Limited
Franklin Templeton Mutual Fund trimmed its stake in Motherson Sumi Wiring India Limited from 1.20% to 1.06%, selling 90,69,000 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.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.