Competition Commission Okays Motherson Group Reorganisation

Motherson Group is a leading automotive component makers for original equipment manufacturers.

The Competition Commission of India (CCI) has given its approval to a proposal relating to intra-group reorganisation of the Motherson Group under the green channel route. Green channel is an automatic approval system, where a combination is deemed to have been approved by the CCI upon receiving the filing of the notice for the combination by the parties concerned. Motherson Group is a leading automotive component makers for original equipment manufacturers. "Commission receives a notice under green channel from Motherson Sumi Systems, Samvardhana Motherson International & Sumitomo Wiring Systems relating to an intra-group reorganisation of the Motherson Group and is deemed approved," the regulator had earlier said in a tweet.