Motherson becomes Tier 1 Supplier to Airbus commercial aircraft

Motherson, a global manufacturer of aerospace components and assemblies, announced that it has been selected as a Tier 1 supplier to Airbus commercial aircraft, a leading aircraft manufacturer. Motherson (via its subsidiary CIM Tools India Pvt. Ltd.) has signed a multi-year contract to manufacture and deliver a range of aerospace components and assemblies directly to Airbus' final assembly lines. The supplies will commence from a Motherson's specialised aerospace facility based in Bengaluru, India. Motherson is already a Tier 1 supplier for Airbus Helicopter and Airbus Defence and Space.

Commenting on this development, Mr. Vivek Chaand Sehgal, Chairman Motherson, said, "We are proud to be recognised as a Tier 1 supplier to Airbus commercial aircraft, and I would like to express my heartfelt gratitude to Airbus for their trust in Motherson. This significant achievement highlights Motherson's manufacturing capabilities, high-quality standards, and commitment to timely delivery. Our team is committed to delivering the highest quality components and assemblies. We look forward to strengthening our partnership."

Mr. Kunal Bajaj, President, of Motherson's Aerospace Business Division, said, This Tier 1 status with Airbus Commercial is expected to drive significant growth in our business with them. This new status reflects our ongoing investments in advanced manufacturing technologies and quality systems to serve our global aerospace customers and their growing production needs. The recent recognition underscores our commitment to excellence and strategic role in the aerospace supply chain."

Shares of Motherson Sumi Systems Limited was last trading in BSE at Rs. 118.30 as compared to the previous close of Rs. 119.40. The total number of shares traded during the day was 318037 in over 3510 trades.

The stock hit an intraday high of Rs. 120.25 and intraday low of 115.85. The net turnover during the day was Rs. 37676504.00.

Source : Equity Bulls

Keywords

Motherson INE775A01035 CIMToolsIndia Tier1Supplier Airbus CommercialAircraft