Motherson Sumi Wiring India Sees Resilient Growth Amidst Cost Pressures

Motherson Sumi Wiring India Limited reported its financial results for Q1 FY27, showing resilient growth despite elevated copper prices and increased manpower costs.

The company's revenue grew due to new customer programs and greenfield projects, outpacing industry performance.

Management discussed cost recovery strategies with customers and emphasized the company's engine-agnostic approach, serving both ICE and EV platforms.

EV revenues contributed 8.5% of total revenue in Q1, while the impact of minimum wage hikes was noted, particularly in the NCR region.