What was filed
On June 17, 2026, the Board of Samvardhana Motherson International Limited (SAMIL) approved an acquisition by SMR Automotive (Langfang) Co., Ltd. — described in the filing as an indirect wholly-owned subsidiary — of a controlling stake in Shenzhen Autocruis Technology Co., Ltd., a company incorporated in the People's Republic of China. The filing states the deal is structured as a primary capital increase, with SMR Langfang subscribing to fresh equity of the Target for a 64.76% stake on a fully diluted basis. Per the filing, the Target will then undertake a buy-back of its equity; subject to successful completion, SMR Langfang's holding rises to 67.78%.
The target and the rationale
According to the filing, Shenzhen Autocruis designs and develops automotive vision and camera-based systems — including Camera Monitoring Systems (CMS), Full Digital Mirror (FDM) systems, surround-view systems, Driver Monitoring System (DMS) and Digital Video Recorder (DVR) — serving OEMs and aftermarket customers. The company is headquartered in Shenzhen, with R&D in Wuhan and Shenzhen and a production facility near Ningbo (Shaoxing), and was incorporated on April 28, 2016. The filing lists the stated objects as product portfolio expansion with camera-based solutions, strengthening of in-house technology capabilities, and access to the Chinese automotive market through OEM relationships. Motherson notes the Target is in a similar line of business to its Vision Systems vertical.
Structure, terms and timing
The filing states the consideration is cash. Continuing shareholders owning 32.22% include Founding Shareholders and other Financial Investors. A separate Shareholders Agreement has been executed, with key terms including majority directors on the Target's board, a Right of First Refusal for Motherson, and a three-year non-compete obligation on the existing Founders. The company says the transaction is subject to customary regulatory filings and approvals in China and satisfaction of conditions precedent, and is expected to be completed by Q3 FY 2027. The filing states the acquisition is not a related party transaction.