iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Samvardhana Motherson, a manufacturer of auto parts, adds a new facility in Ras Al Khaimah to its UAE operations

8 Sep 2023 , 11:15 AM

Samvardhana Motherson International Ltd (SAMIL), a manufacturer of automotive components, announced on Thursday, September 7, that Sheikh Saud bin Saqr Al Qasimi, a member of the UAE Supreme Council, officially opened the company’s wiring harness plant in Ras Al Khaimah (RAK), one of the seven emirates that make up the UAE.

According to a stock exchange filing, the facility is situated in the Ras Al Khaimah Economic Zone (RAKEZ).

SAMIL’s plant, which specializes in producing wiring harnesses for commercial vehicles and other special-purpose vehicles, will also export these products to its customers in Europe.

The facility, which has a built-up area of 11,000 square metres and employs roughly 500 people, was constructed with an initial expenditure of about 10 million euros. Sheikh Saud was given a tour of the facility and given information on its innovative manufacturing techniques.

With these two additional locations in Dubai and Sharjah, Motherson now has eight in the area.

Ras Al Khaimah continues to be a strategic location for Motherson’s activities, according to Chairman Vivek Chaand Sehgal, and it helps the company be nearer to its European wiring harness clients.

According to Ramy Jallad, CEO of RAKEZ Group, ‘This state-of-the-art facility represents Motherson’s commitment to innovation and quality, showcasing Ras Al Khaimah and RAKEZ as key strategic hubs for their global operations.’

For feedback and suggestions, write to us at editorial@iifl.com

Samvardhana Motherson Reflectec to acquire 75% stake in Plast Met Group, ET  Auto

Related Tags

  • Auto Parts
  • Samvardhana Motherson
  • UAE
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.