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Buys 75% stake in Plast Met Group through its subsidiary Samvardhana Motherson Reflectec (SMR)
Under the Flexi-MoU Scheme of the Government of India
Airbag inflator manufacturing plant is scheduled to start operations by December 2023
Oqton is a leading provider of AI-powered manufacturing solutions
Other partners include Constellium, Groupe Renault, Institut de Soudure (Welding Institute) and the University of Lorraine within the ISA3 project.
The new assembly line was inaugurated on December 18, 2020