Auto component maker Motherson Sumi completed 25 years of listing on Monday.
Vivek Chaand Sehgal, chairman and Laksh Vaaman Sehgal, director of Motherson Sumi spoke to CNBC-TV18 about the company's business plans and growth outlook.
“The next ten years are going to be super-exciting with all the changes and things are happening in the automotive industry, there is going to be a lot of opportunities for us at Motherson but we at Motherson are focused on our five-year goals. So we are quite focused on 2020 target at the moment. We still have a little way to go and all the teams are quite focused on making sure that we can deliver that target for 2020. So once we get close to that 2020 target, we will set the next five-year plan for 2025 and hopefully that will give you good colours to where we want to go in that five-year period,” said Laksh Vaaman Sehgal.
“Our investors are very attuned to the fact that it is not a topline growth company, it is actually cash in the banks or the ability to have a visual identification for the topline and bottomline. So while we have a lot of companies which are in the pipeline, which we have to acquire if the things are right and if we had the visibility, however, I would have no shame or hesitation to come back after five years and tell the investors that sorry I didn’t find anything which was worthwhile for me to bring into the group and I cannot see the visibility of the bottomline. I am sure, my investors would be very happy to see that we may not have hit bang on 18 billion but we definitely have met our bottomline targets. So it is all about a combination of these two things,” Vivek Chaand Sehgal added.
“We believe that these are times when more opportunities will come up and we have to just make sure that we are patient and we have the financial discipline and go after these opportunities at the right time,” Laksh Vaaman said.
“Ten years from now, nobody knows what is going to be the new technology that are going to come in disrupt the whole world. So I think in such scenario, what we are trying to tell Motherson people is that you have to be on your toes, you have to be very quick to respond, very quick to change, very quick to be able to take advantage of the trends and the things that are coming in the coming times. So these are exciting time because you have the right people, you have the right equipment, you have the plants, you have the geographical advantage to yourself and amazing kids are coming out from universities, so exciting times for us. We feel that it is going to be fun going in the next five-ten years,” Vivek Chaand Sehgal further mentioned.
First Published: IST