Siemens Sells Low Voltage Motors Biz

Siemens, a big technology company, has decided to sell its low voltage motors business to a company called Innomotics India.

The deal is worth ₹2,200 crore.

This business makes and sells motors and related products.

Siemens thinks this sale is good because the motors business doesn't fit well with their main activities.

The sale is expected to finish by June 2026.

Siemens' stock price went down a bit on the day this news came out.