Siemens India Sells LVM Business

Siemens India sold its low-voltage motors (LVM) business to its parent company for Rs 2,200 crore.

The company is optimistic about 10-15% yearly growth in its power transmission business and expects to improve margins.

Analysts have mixed views: some recommend buying the stock due to strong growth prospects, while others suggest holding it.

The power transmission segment has seen significant margin improvements and a strong order backlog.

Siemens Energy India is well-positioned to benefit from the growth in the Indian power sector.