Samvardhana Motherson to acquire 81% stake in Japan’s Yutaka Giken, 11% in Shinnichi Kogyo and full ownership of Yutaka Autoparts India

Samvardhana Motherson International Limited (SAMIL) has announced a significant overseas acquisition aimed at strengthening its global presence in the automotive components industry. In a board meeting held on August 29, 2025, the company approved the purchase of an 81% stake in Japan’s Yutaka Giken Co., Ltd. through its wholly owned subsidiary Motherson Global Investments B.V. The deal also includes the acquisition of an additional 11% stake in Shinnichi Kogyo Co., Ltd., which is a subsidiary of Yutaka Giken, from Honda Motor Co. Ltd. At the same time, SAMIL will directly acquire the entire shareholding of Yutaka Autoparts India Pvt. Ltd. from Yutaka Giken, consolidating its position in the Indian market.

Yutaka Giken, established in 1954 and headquartered in Hamamatsu City, Japan, is a leading manufacturer of critical automotive components such as rotors and stators for motors, brake systems, drive systems and thermal management systems. The company operates thirteen manufacturing facilities and one R&D centre across nine countries including Japan, India, the United States, China, Thailand, Brazil, Indonesia, Mexico and the Philippines. For the financial year 2024–25, it reported a turnover of about JPY 179 billion, which translates to approximately USD 1.2 billion.

Honda, which currently owns nearly seventy percent of Yutaka Giken, will continue to hold a minority stake of 19 percent once the transaction is completed. The total consideration for the acquisition is expected to be around JPY 27 billion, or roughly USD 184 million, with the transaction being executed entirely in cash. The process will unfold in multiple stages including tender offers and regulatory approvals in Japan, the United States, China, Brazil and Mexico. The company expects the final closing to be completed by the first quarter of FY 2026–27.

According to SAMIL, this acquisition will deepen its partnership with Honda and open up opportunities to expand its business with other Japanese automakers. It also allows the company to bring Yutaka Giken’s portfolio into new and emerging markets, thereby strengthening its product mix in braking systems, drive technologies and thermal management.

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