Motherson Commissions First Captive Solar Project; Shares Decline Over 2%

Mumbai, June 8: Samvardhana Motherson International commissioned its first ground-mounted captive solar power project in Uttar Pradesh through its energy business subsidiary, Motherson New Energy Limited (MNEL).

According to a company release on Monday, the project has been developed via subsidiary Onega Solar Private Ltd and is located near the company’s 15 MW solar facility in Noida.

The company said the solar plant marks a major step in its broader clean energy transition and industrial decarbonisation strategy.

Motherson added that the project is expected to generate approximately 23.4 GWh of renewable electricity annually while reducing nearly 17,000 metric tonnes of CO₂ emissions every year.

Renewable Energy Push Targets Long-Term Sustainability

The company said the captive solar initiative is aimed at improving long-term energy cost visibility, operational resilience and access to reliable clean energy across manufacturing operations.

The project was developed in partnership with German company, ib vogt, which supported land acquisition, regulatory approvals, technical design and EPC execution.

Laksh Vaaman Sehgal, Vice Chairman of Motherson Group, said the commissioning reflects the company’s commitment to building future-ready operations through sustainable growth initiatives.

Kunal Vohra, Chief Executive Officer of Energy Business at Motherson Group, said the project establishes the foundation for scaling the group’s renewable energy portfolio across India.

The company also indicated that MNEL continues to evaluate additional renewable energy opportunities across multiple Indian states as part of its long-term transition roadmap.

Stock Market Snapshot

Motherson share price traded lower despite the renewable energy project announcement.

The stock traded at ₹140.62 on the NSE, down 2.05% or ₹2.95 as of 1:28 PM IST on June 8, 2026, according to market data.

The decline came amid broader weakness in auto ancillary and manufacturing-linked counters despite investor focus on sustainability-led capital investments and renewable energy integration initiatives.

Source:

• https://www.nseindia.com/get-quote/equity/MOTHERSON/Samvardhana-Motherson-International-Limited
• https://nsearchives.nseindia.com/corporate/MOTHERSON_08062026131650_SE_Disclosure_-_Press_Release_SAMIL.pdf