Indian auto parts maker Samvardhana Motherson to buy Yachiyo from Honda

Indian auto parts maker Samvardhana Motherson to buy Yachiyo from Honda

Auto factory. Photographer: Stefan Kleinowitz/Bloomberg

Indian auto parts maker Samvardhana Motherson International (SMIL) said on Tuesday it will buy a majority stake in Japan-based auto-part maker Yachiyo Industry’s four-wheeler business from Honda Motor Co to expand its product range.