Among other things, the rating factors in MSSL’s long-standing and deep relationships with key Original Equipment Manufacturers (OEMs) globally; of the top 21 OEMs, the company has more than 20 years of relationship with 17 OEMs. The Group’s 3CX15 strategy to not have any component, customer or country contributing more than 15% to the business has ensured risk mitigation and steady growth.
On receiving the prestigious AAA rating, Vivek Chaand Sehgal, Chairman, Samvardhana Motherson Group said, “We are proud and delighted with the ratings announcement. Customer satisfaction has been the cornerstone of what we do and the strategies we have followed have created value for all our stakeholders, internal and external. Our teams continue to excel and this is excellent validation for all their effort. The vision of becoming the Globally Preferred Solutions Provider continues to drive our passion to do better.”