Government, SMR Hungary sign ‘strategic agreement’

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The Hungarian government and Indian automotive supplier Samvardhana Motherson Reflectec (SMR) signed a “strategic cooperation agreement” yesterday in Budapest, Hungarian news agency MTI reported.

The Hungarian subsidiary of SMR, which has plants in Mosonszolnok and Mosonmagyaróvár, northwestern Hungary, specializes in manufacturing rear-view mirrors and has a total headcount of 1,525 in the county, MTI said.

Pál Levente Tibori, vice-president of the companyʼs Eastern European and German segment, said they are proud of the agreement, which is a clear sign that the Hungarian government recognizes the good performance of the two plants, MTI added.

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