India: Motherson Sumi offers up to $610m to acquire Finland’s PKC

Motherson Sumi
Employees of Motherson Sumi Systems Limited, work on a car wiring assembly line inside a factory in Noida on the outskirts of New Delhi, India April 28, 2016. REUTERS/Anindito Mukherjee

Motherson Sumi Systems Ltd., India’s biggest auto component maker, has offered as much as 571 million euros ($610 million) to acquire a Finland-based parts manufacturer to expand its presence in the global market for wiring harness used in commercial vehicles.

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