Motherson secures Government incentives under the Electronic Component Manufacturing Scheme

Motherson Electronic Components Private Limited (MECPL), a subsidiary of Samvardhana Motherson International Limited (SAMIL), has successfully secured incentives under the Government of India's Production Linked Incentive (PLI) Scheme. Under the latest approvals, MECPL has been included among the beneficiaries of the Electronics Components Manufacturing Scheme (ECMS) announced by the Ministry of Electronics and Information Technology (MeitY), Government of India, for the production of enclosures for the consumer electronics industry. This development reaffirms Motherson's commitment to strengthening domestic manufacturing and contributing to "Make in India".

These incentives are for six years, i.e., from FY 26 to FY 31, with an expected cumulative investment of Rs. 1,900 crores over the investment period. MECPL is looking to create over 5,000 employment opportunities at its plant in Kanchipuram, Tamil Nadu, during the course of these incentives.

Motherson, a leading global Design, Engineering, Manufacturing and Assembly (D.E.M.A.) specialist, is playing a pivotal role in building a resilient value chain for the automotive, aerospace and consumer electronics industries in India. Motherson's inclusion in the ECMS initiative reflects its strong capabilities and readiness to scale operations in high value segments such as consumer electronics.

Shares of Samvardhana Motherson International Limited was last trading in BSE at Rs. 121.75 as compared to the previous close of Rs. 122.10. The total number of shares traded during the day was 873382 in over 6983 trades.

The stock hit an intraday high of Rs. 122.65 and intraday low of 120.25. The net turnover during the day was Rs. 106069208.00.

Source : Equity Bulls

Keywords

SamvardhanaMothersonInternational INE775A01035 MothersonElectronicComponents GovernmentIncentives ECMS