| Solar Capacity | 15 MWpCaptive Project |
|---|---|
| Market Cap | ₹1,48,976 CrLarge Cap |
| Annual Generation | 23.4 GWhProjected Output |
| RSI (Day) | 64.38Neutral Zone |
Key highlights
- 15 MWp captive solar project commissioned in Mahoba, Uttar Pradesh
- Estimated annual generation of approximately 23.4 GWh of clean electricity
- Reduction of carbon footprint by roughly 17,000 MT of CO2 emissions annually
- Developed in partnership with international renewable energy developer ib vogt
- Supplies renewable energy to multiple Motherson manufacturing plants in the region
Production Commenced — What It Means
Samvardhana Motherson International Limited, through its energy arm Motherson New Energy Limited (MNEL), has operationalised its first ground-mounted captive solar project. Located in Mahoba, Uttar Pradesh, the 15 MWp facility is managed via its subsidiary, Onega Solar Private Limited. This milestone marks a transition from development to active power generation, specifically aimed at supplying clean energy to the company’s network of manufacturing plants within the state.
The project was executed in partnership with ib vogt, which supported land acquisition, regulatory approvals, and technical execution.
Operational and Environmental Impact
- The plant is projected to produce nearly 23.4 GWh of renewable electricity every year
- Offsets approximately 17,000 MT of CO2 emissions annually for industrial operations
- Enhances long-term energy cost visibility and provides a hedge against tariff volatility
- Strengthens energy resilience for manufacturing facilities located across Uttar Pradesh
- Establishes a foundation for scaling the company's renewable energy portfolio further
Sustainability Milestones
The commissioning of our first captive solar project in Uttar Pradesh is an important milestone in strengthening our energy resilience while reducing our environmental footprint. This initiative reflects our commitment to building future-ready operations through responsible and sustainable growth.
Business Overview
Samvardhana Motherson is a global specialist in Design, Engineering, Manufacturing, Assembly, and Logistics (D.E.M.A.L.) for the automotive industry. Established in 1986, the company supports leading automobile manufacturers worldwide through a network of over 425 facilities across 47 countries. Beyond its core automotive sector, the group has diversified into technology, health, medical, aerospace, and logistics.
It currently stands as India’s largest auto ancillary player and is ranked among the top 15 automotive suppliers globally, with a TTM revenue exceeding ₹1,26,103 crore.
Sector Tailwinds
The Indian automotive components sector is witnessing a rapid shift toward decarbonization as global OEMs increasingly demand greener supply chains. Adopting renewable energy via group captive models has become a commercial necessity for maintaining industrial competitiveness and meeting ESG standards. This trend is reinforced by the growing availability of technical partnerships with international renewable energy developers, facilitating the transition from traditional grid dependence to self-sustaining green energy ecosystems for large-scale manufacturers like Motherson.
“Sustainability is embedded into how we think about long-term value creation at Motherson. The commissioning of our first captive solar project in Uttar Pradesh is an important milestone in strengthening our energy resilience while reducing our environmental footprint.”
“Reliable access to competitively priced renewable power is becoming increasingly important for global manufacturing operations. This project establishes the foundation for scaling Motherson’s renewable energy portfolio while supporting operational resilience, sustainability goals and long-term energy competitiveness.”
| Share price | ₹141.15 |
|---|---|
| Market capitalisation | ₹1.49L Cr |
| Revenue (annual) | ₹1.26L Cr |
| Net profit (annual) | ₹3,859.68 Cr |
| Revenue (latest quarter) | ₹34,309.31 Cr+9.23% vs previous quarter |
| Net profit (latest quarter) | ₹1,497.14 Cr+46.25% vs previous quarter |
| P/E (TTM) | 38.6×Sector 31.34× |
| Promoter holding | 48.6%0.00% QoQ |
| FII holding | 12.45%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Samvardhana Motherson International Limited announcing the commissioning of its first captive solar project in Uttar Pradesh. Market figures from a third-party data provider.
