Siemens sells Low Voltage Motors business to Innomotics India for ₹2,200 cr

Siemens just sold its Low Voltage Motors business for a whopping ₹2,200 crore! They officially finished the deal with Innomotics India on June 1, 2026. This big sale includes motors and customer service. It's a major move for Siemens, a company known for industry and mobility tech.