Samvardhana Motherson International Limited (SAMIL) has approved a $22.6 million acquisition of a 64.76% stake in Shenzhen Autocruis Technology through its subsidiary SMR Automotive.

Samvardhana Motherson International Limited (SAMIL) on Wednesday said its Board has approved the acquisition by SMR Automotive (SMR Langfang), an indirect wholly owned subsidiary of the company, of a controlling stake in Shenzhen Autocruis Technology (Target) for CNY 153.3 million (around $22.6 million or ₹210 crore).

The company said it will acquire a 64.76 per cent equity stake on a fully diluted basis through cash consideration.

“Post completion of the afore-mentioned initial acquisition of 64.76 per cent equity of Target, the Target will undertake buy-back of its equity and subject to its successful completion, SMR Langfang will hold 67.78 per cent of equity share capital of Target,” SAMIL said in a regulatory filing.

Shenzhen Autocruis Technology is engaged in the business of designing and developing automotive vision and camera-based systems – including Camera Monitoring Systems (CMS) for commercial and passenger vehicles, Full Digital Mirror (FDM) systems, surround-view systems, Driver Monitoring System (DMS) and Digital Video Recorder (DVR), serving both original equipment manufacturers (OEMs) and aftermarket customers. The company has a turnover of around $6.8 million (CNY 46 million).

Subject to satisfaction of conditions precedent to the closing, the transaction is expected to be completed by the third quarter of fiscal year 2027, SAMIL added.

Published on June 17, 2026