Samvardhana Motherson shares climb 6% on joining Apple’s supply chain network

Samvardhana Motherson's shares increased by 5.5% as the company announced plans to join Apple's supply chain in India, partnering with BIEL Crystal Manufactory. They intend to build a new manufacturing facility in Tamil Nadu with an investment of Rs 2,000-2,500 crore. This move is part of Motherson's broader strategy to diversify beyond auto components.