VERIFIEDET Finance·1 Jun 2026neutral

Siemens Ltd sells Low Voltage and Geared motors business to Innomotics India for Rs 2,200 cr

AI Summary

·Siemens Ltd has sold its Low Voltage Motors and Geared Motors business to Innomotics India.
·The transaction is valued at Rs 2,200 crore and includes related customer service operations.
·The sale was completed on January 1, 2026.