** Shares of auto parts maker Samvardhana Motherson SAMD.NS gain 4.2% to 98 rupees, set to rise for a second straight session
** SAMD aims to grow its gross revenue about 4 times to $108 billion over the next five years, it said in its analyst meet
** Growth could potentially place Motherson Group among the top 3 auto ancillary firms globally- ICICI Securities
** Group plans to replicate its model in newer industries such as aerospace, consumer electronics, and semiconductors
** Co is optimistic across all verticals, with strong momentum, customer-centric manufacturing locations primed to grow
** Co plans to demerge key businesses into independently listed cos, removing the holding structure
** Year-to-date, stock is down ~9% vs ~18% rise in Nifty auto .NIFTYAUTO
(Reporting by Yagnoseni Das in Bengaluru)
((Yagnoseni.Das@thomsonreuters.com;))