Motherson Sumi Wiring India Limited
ICICI Prudential Mutual Fund raised its stake in Motherson Sumi Wiring India Limited from 5.63% to 5.74%, purchasing 73,02,799 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.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.