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Siemens to invest Rs 416 crore for expanding manufacturing capacity in India
The company will expand manufacturing capacity of power transformers and vacuum interrupters for medium voltage switchgear. Siemens Ltd has also registered 21% increase in revenue and 53% increase in PAT in FY 2023 (October 2022 to September 2023).Read more
Siemens announces milestone of 100 digital use cases on Siemens Xcelerator
Tata Consultancy Services (TCS), Koncept Engineers, Safex Technologies and Sonicbolt Technologies announced as Siemens Xcelerator Ecosystem PartnersRead more
Siemens to acquire Mass-Tech Controls’ EV division
Siemens enters into an acquisition with Mass-Tech Controls to acquire EV division of the company strengthening its capability to address fast-growing demand for electric vehicle charging infrastructure in India, expand local market presence, and enable creation of export hub.Read more
Boards agrees to sale Siemens’s motor business to Siemens AG subsidiary
Siemens’s Board of Directors approves sale of low voltage motors and geared motors business to a subsidiary of Siemens AG for Rs 2,200 crore. This transaction consequent to intent of Siemens AG to carve out Innomotics business into a legally separate company.Read more
Siemens Limited sets up facility for bogies in Maharashtra
Siemens Limited has set up a state-of-the-art factory for bogies in Aurangabad (Maharashtra) to address the increasing demand from railways in India and across the world. Read more
Siemens launches open digital business platform Xcelerator in India
Siemens Xcelerator is an open and evolving digital business ecosystem that comprises a comprehensive, curated portfolio that includes digital and Internet of Things (IoT)-enabled offerings (software, hardware and digital services) from Siemens and certified third parties.Read more
Switch Mobility and Siemens MoU to cost-effective e-mobility solutions
As part of the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Ltd.Read more
Siemens, BMZ, and MSDE launch technical education initiative IGnITE
Indo-German Initiative for Technical Education (IGnITE) aims at developing highly qualified technicians based on the German Dual Vocational Educational Training (DVET) model with a focus to make them industry and future ready. IGnITE aims to help develop around 40,000 skilled workforce by 2024Read more
Siemens acquires C&S Electric for Rs 2100 cr to meet increasing electrification
In order to meet the increasing demand for electrification across industry, infrastructure and buildings in India, Siemens Ltd. has signed an agreement to acquire New Delhi-based C&S Electric Limited.Read more
Siemens to acquire C&S Electric in India to meet increasing electrification
This acquisition addresses rising demand for low-voltage power distribution in India. Siemens will acquire 99 per cent of C&S Electric Ltd. from its promoters.Read more
