New Delhi: Siemens Ltd on Monday said it has completed the sale of its Low Voltage Motors and Geared Motors business to Innomotics India Private Limited for Rs 2,200 crore.Earlier in December 2025, the company had informed that the board had approved the sale of the said business for Rs 2,200 crore.Read more: Nvidia growth driver Vera has big-name early adopters, according to CEO Huang"The company has today, 1, 2026, completed the sale and transfer of its Low Voltage Motors and Geared Motors business as a going concern on a slump sale basis to Innomotics India Private Limited for a cash consideration (enterprise value) of Rs 22 billion, on a cash free, debt free basis and subject to other adjustments that are mutually agreed between the parties in terms of the slump sale agreement dated December 8, 2025, entered into inter alia between the company and Innomotics India Private Limited," a regulatory filing stated.Siemens Limited has closed the sale of its Low Voltage Motors and Geared Motors businesses, including the related customer service operations (collectively referred to as the Low Voltage Motors business), to Innomotics India Pvt. Ltd, it stated.Read more: Rejected from over 10,000 jobs in 18 months, system engineer with 20 years of experience is now homeless; says getting job isn't the hardest challenge anymoreSiemens Limited is a leading technology company focused on industry, infrastructure, and mobility.
Siemens Ltd sells Low Voltage and Geared motors business to Innomotics India for Rs 2,200 cr
Siemens Limited has successfully sold its Low Voltage Motors and Geared Motors business. The deal with Innomotics India Private Limited is valued at Rs 2,200 crore. This transaction includes related customer service operations. Siemens Limited is a prominent technology company. The sale was completed on January 1, 2026. This marks a significant development for the company.
Siemens Ltd completed the divestiture of its Low Voltage and Geared Motors business to Innomotics India for Rs 2,200 crore (Rs 22 billion), structured as a slump sale on a cash-free, debt-free basis. The deal signals Siemens' continued portfolio pruning toward higher-margin industrial software and automation, reducing exposure to commoditized hardware manufacturing in emerging markets.
