Samvardhana Motherson’s SMR Brasil Faces $60,000 Penalty from São Paulo Tax Authority

Unknown Apr 02, 2026 900 Views

Samvardhana Motherson International Ltd. (SMIL) has disclosed that its subsidiary, SMR Brasil, has been penalized $60,000 by the São Paulo Tax Authority, citing compliance irregularities. The company has stated that it is reviewing the penalty and considering legal options to address the m...