Indian auto component makers on prowl to acquire overseas assets

On Monday, auto parts maker Motherson Sumi Systems Ltd (MSSL) announced the acquisition of the Netherlands-based Reydel Automotive Holdings BV for $201 million (around Rs1,300 crore). Indeed, acquisitions are not new to MSSL—it has about 20 acquisitions to its credit over nearly two decades and has said that this is its preferred route to reach its fiscal year 2020 target of achieving $18 billion in revenue.