An indirect wholly-owned subsidiary of Samvardhana Motherson International, Motherson Sequencing and Assembly Services GmbH, has been penalized by Finanzamt Karlsruhe for delayed payment of VAT and payroll taxes. The penalty, amounting to approximately INR 56.85 lakhs, was levied due to delays in payments for September 2025, which were due in October 2025. The company states that this will not have a material impact on its financials.
Penalty for Delayed Tax Payments
Finanzamt Karlsruhe has imposed a penalty on Motherson Sequencing and Assembly Services GmbH, an indirect subsidiary of Samvardhana Motherson International, for delayed payments of VAT and payroll taxes.
Details of the Penalty
The penalty was imposed due to a delay in VAT and payroll taxes payments for the month of September 2025, with the original due date of October 10, 2025. The total penalty amount is EURO 55,394, which is equivalent to approximately INR 56,85,248.
Impact Assessment
Samvardhana Motherson International reports that the imposition of this penalty will not have a material impact on its financial or operational activities.
Source: BSE