It is basically an algorithmic pricing engine that suggests market value of used cars, used bikes and used scooters. Questions like what is the value of my used car or used bike come to our mind when we decide to sell it off. However, we do not get to understand the proper valuation of our vehicles.
Feb 13, Image: Especially, in the new businesses it has ventured into Vivek Chand Sehgal, 56, runs a crazy schedule. He travels almost days in a year. Sehgal is an Australian citizen. A day ago, he was in Chennai meeting some customers.
The week before, he was in Germany meeting some of his other customers. With a lifestyle like this, you would expect Sehgal to complain of jetlag. He says the secret lies in sleeping well. The growth story of Motherson Sumi is interesting enough to draw attention.
Today, Motherson has spread to 25 countries with plants. Add to this, in the last decade, Motherson made nine acquisitions. No company can grow 10 times in five years. With the birth of Maruti Udyog inseveral auto component manufacturers came into existence in India.
Almost everyone started with a technology collaboration or joint venture with a Japanese counterpart. As multinationals started coming in, new collaborations were formed with either American or German companies.
But while most of its peers were content with their India business, Motherson Sumi went global with gusto. The only Indian company that comes close is Bharat Forge, one of the largest forgings companies in the world.
Then we thought of a policy called 3CX Several component companies, who stick to a particular manufacturer or a market, go through a rough time when the industry goes through a rough patch.
The only way to beat it is to diversify your risk to several geographies across multiple manufacturers. Motherson has followed this to the T. A fund manager who has followed the company says Motherson has three big trends in its favour.
Second, the Indian market is moving towards bigger cars, which means more electronics. So we see an upside for its wiring harness business. Finally, exports out of India by global manufacturers like Hyundai and Nissan are on the rise. It was a company started by Sehgal and his mother with a small but important purpose in mind.
To save taxes from the Government of India. So he offered him a job. Inthe government had allowed the export of silver bullion. His remuneration—Re 1 per kilogramme, which would translate into Rs 1,Rs 1, a month. Then, Hunt Brothers, one of the richest families in the USA, started to corner the silver market around the world and prices soared.
Over the next few years, Sehgal dabbled in various businesses like selling house cables and polyester chips. It was in that someone asked him if he would be interested in making cables for a car that Maruti Udyog was planning to build.
A Sikh gentleman was interviewing prospective vendors. He asked Sehgal what set him apart from the odd people waiting outside.
Sehgal was asked to come back with samples of his own to prove that he could do the job. Sehgal approached a friend who used to make speakers and had a mechanic who was good at making plastic parts. He asked me to come back after two weeks. I told him I want it now.
He then asked me to come at 9 pm with two quarters of whiskey. He went straight to Maruti. He asked me whether I got it from the market.
Then, I put the rest on the table and asked him to spot the original piece. He picked one up, but I told him he was wrong.
But he still had some way to go before he could convince the gentleman that he had made 25 connectors overnight.May 11, · Genetically Modified Organisms (GMOs) are being made by inserting a gene from an external source such as viruses, bacteria, animals or plants into usually unrelated species.
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