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 ₹2,200 crore.
Earlier in December 2025, the company had informed that the board had approved the sale of the said business for ₹2,200 crore.
“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.
Siemens Limited is a leading technology company focused on industry, infrastructure, and mobility.