Motherson Sumi Wiring India's quarterly profit climbs on steady auto demand

Samvardhana Motherson International

30/01/2026 10:31

Jan 30 (Reuters) - Motherson Sumi Wiring India MSWI.NS reported a 7% increase in quarterly profit on Friday, helped by steady auto parts demand from carmakers selling more units after recent tax cuts.

Profit rose to 1.49 billion rupees ($16.20 million) in the quarter ended December 31, from 1.4 billion rupees a year ago.

The company, which sells wiring harnesses to several major carmakers, reported a 26% rise in revenue from operations to 28.87 billion rupees.

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KEY CONTEXT

Motherson Sumi has been expanding production capacity to support wiring demand for both electric and gas-powered vehicles amid increasing car demand after the government announced sweeping consumption tax cuts in September.

Car sales in India are set to touch 6 million by 2030, according to S&P Mobility data, with a rapid increase in demand for sports utility vehicles (SUV) and premium vehicles.

France's Renault RENA.PA unveiled a new model of its SUV Duster in India this month, becoming the latest carmaker to launch a new car after releases by domestic giants Tata Motors TAMO.NS and Mahindra MAHM.NS.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Price/Sales
Revenue growth (%)
Profit growth (%)
Mean rating*
# of analysts
Stock to price target**
Div yield (%)
Motherson Sumi Wiring India Ltd
MSWI.NS
32.13
19.99
NULL
15.89
29.02
Buy
12
0.81
1.34
Bosch Ltd
BOSH.NS
39.58
34.34
NULL
10.27
13.28
Hold
3
1.06
1.42
UNO Minda Ltd
UNOI.NS
44.73
25.80
NULL
17.67
25.97
Hold
17
0.87
0.20
Exide Industries Ltd
EXID.NS
20.66
12.19
NULL
8.14
16.38
Hold
12
0.81
0.62

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER STOCK PERFORMANCE FOR PEERS

-- All data from LSEG

-- $1= 91.9510 Indian rupees

Motherson Sumi Wiring India Stock Performance Oct-Dec 2025 https://tmsnrt.rs/4t7XGsp

 (Reporting by Praveen Paramasivam in Chennai and Surbhi Misra and Komal Salecha in Bengaluru; Editing by Sonia Cheema)

 ((Komal@thomsonreuters.com;))