Samvardhana Motherson International Ltd has approved entering into a joint venture on Thursday, March 19, with Hellmann Worldwide Logistics to strengthen its global supply chain capabilities.
The partnership will be executed through a joint venture agreement with Hellmann Worldwide Logistics (MESA) Holding Limited, based in Dubai International Financial Centre, UAE. The collaboration aims to provide integrated logistics solutions to the automotive sector and enhance end-to-end supply chain support for customers, according to an exchange filing.
The joint venture will focus on delivering third-party and fourth-party logistics (3PL and 4PL) services globally, excluding Japan, with an emphasis on improving resilience, efficiency and stability across supply chains.
As part of the agreement, a new joint venture company will be incorporated in Dubai, with SAMIL holding a 51% stake and Hellmann owning the remaining 49%. The board of the JV entity will comprise a minimum of six directors, with equal representation from both partners, while SAMIL will appoint the chairman.
Hellmann Worldwide Logistics, headquartered in Germany, operates across more than 170 countries and provides integrated logistics services including air, ocean and road freight, customs brokerage and contract logistics.
Also Read: IndiQube signs ₹54 crore workspace deal with GCC client in Pune
The company said the partnership is not a related-party transaction and will combine SAMIL’s logistics solutions division capabilities with Hellmann’s global network to offer world-class supply chain solutions to the automotive industry.
Separately, the board of the company has also approved an interim dividend of ₹0.35 per equity share (face value ₹1 each) for the financial year 2025–26. The record date for the dividend has been fixed as March 27, 2026.
Shares of Samvardhana Motherson International Ltd ended lower on Thursday, March 19, by 5.12% at ₹111.75 on the NSE.
