Samvardhana Motherson arm secures incentives worth ₹1,900 crore under PLI scheme; shares trade lower

Under the latest approvals, the company’s arm Motherson Electronic Components Private Limited (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.

The incentives are for six years—from FY26 to FY31, with an expected cumulative investment of ₹1,900 crore 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 is playing a pivotal role in building a resilient value chain for the automotive, aerospace and consumer electronics industries in India. The firm’s inclusion in the ECMS initiative reflects its strong capabilities and readiness to scale operations in high-value segments such as consumer electronics.

Samvardhana Motherson share price

At 2 PM, shares of Samvadhana Motherson were trading at ₹121.6 apiece on the National Stock Exchange, falling 0.36%. The stock had touched an intraday high of ₹122.75, while its day’s low was at ₹120.33 per share.

In a month, shares of the firm have gained 4%, while for six months’ time, they have jumped over 17%. On a year-on-year basis, Motherson shares have surged 18%.

The company has a market capitalisation of ₹1.28 lakh crore.

Shares of Samvardhana Motherson had touched their one-year high of ₹124.71 apiece on January 2, 2026, while their 52-week low of ₹71.5 was hit on April 7, 2025.

Samvardhana Motherson Q2 earnings

The country's leading auto ancillary company had reported a net profit of ₹827 crore in the second quarter of the current financial year, marking an increase of 62% from ₹512 crore in the same period last year.

The company's revenue declined marginally to ₹30,173 crore in the July-September period as against ₹30,212 in the year-ago period.

The Noida-based company reported stable operational performance as its EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation), also known as operating profit, rose 6% to ₹2,611 crore as against ₹2,458 crore. Its EBITDA margin improved by 50 basis points to 8.65%.