Siemens Limited has completed the sale of its low-voltage motors and geared motors operations to Innomotics India Pvt. Ltd., finalizing a transaction valued at ₹2,200 crore that was approved by the company’s board late last year.
Mumbai, June 1 — Siemens Limited has formally concluded the divestment of its Low Voltage Motors and Geared Motors business, including associated customer service operations, to Innomotics India Pvt. Ltd., marking the completion of a deal announced in December 2025.
The transaction transfers Siemens India’s low-voltage motors portfolio and related service activities to Innomotics India, a company focused on electric motors and drive systems. The sale had previously received board approval with an enterprise value of ₹2,200 crore and was subject to customary regulatory and statutory clearances before closing.
When the agreement was announced, Siemens said the business generated revenue of ₹967 crore and operating profit of ₹35 crore during the 12 months ended September 30, 2025. The unit accounted for about 6% of the company’s revenue from operations and 2% of its operating profit, excluding the energy business that was demerged earlier in 2025.
The divestment follows broader changes involving Innomotics, which was carved out from Siemens’ global operations before being acquired by KPS Capital Partners in October 2024. Siemens had noted that its Indian low-voltage motors business relied significantly on intellectual property and capabilities associated with Innomotics, making a transfer to the company the preferred long-term solution.
At the time of the board approval, Siemens Limited Managing Director and Chief Executive Officer Sunil Mathur said the move would provide continuity for customers and employees while placing the business with an owner better aligned to its operations. The company also stated that the motors business had limited strategic synergies with its core focus areas of industry, infrastructure and mobility.
With the transaction now completed, Siemens Limited continues to focus on its technology-led businesses across industrial automation, infrastructure and mobility solutions in India.
