MEESL – clean mobility electronics
Samvardhana Motherson International Limited (SAMIL), a global leader in automotive components, has launched Motherson Egtronics Electronics Solutions Limited (MEESL), a new subsidiary focused on advancing clean mobility electronic. This strategic initiative marks a significant step in SAMIL’s commitment to supporting the global shift toward sustainable transportation.
MEESL was incorporated on August 22, 2025, as a wholly owned subsidiary under the Companies Act, 2013, with an initial equity share capital of INR 5,00,000. The subsidiary stems from a Joint Venture Agreement (JVA) with Egtronics Co., Ltd., a South Korean firm specializing in power electronics, signed on June 19, 2025. Under the agreement, SAMIL will hold a 51% stake in MEESL, while Egtronics will own 49%, combining expertise to deliver cutting-edge solutions for electric and hybrid vehicles.
Samvardhana Motherson International Limited (SAMIL), MEESL – clean mobility electronics (Photo Credit – SAMIL)
The new entity will focus on designing, developing, manufacturing, and assembling advanced electronics for clean mobility. Its product portfolio includes critical components such as DC-DC converters, traction inverters, on-board chargers, auxiliary inverters, power distribution units, and integrated systems for automotive and related industries. This venture positions SAMIL to meet the rising global demand for electric vehicle (EV) technologies, leveraging Egtronics’ technical expertise and SAMIL’s robust manufacturing capabilities.
Headquartered in Noida, Uttar Pradesh, SAMIL operates across multiple continents and is a trusted supplier to major automotive brands. The formation of MEESL aligns with the company’s vision to innovate within the EV and hybrid vehicle markets, capitalizing on the growing emphasis on sustainable mobility solutions. The transaction complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been disclosed to the National Stock Exchange of India Limited (NSE) and BSE Limited. No additional regulatory approvals were required beyond standard compliance.
Industry observers see this move as a strategic alignment with the global push toward electrification, positioning SAMIL as a key player in the clean mobility electronics market. While specific operational details and future milestones for MEESL are yet to be announced, the venture is expected to drive innovation and strengthen SAMIL’s competitive edge in the evolving automotive landscape.
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