A YEAR OF CHANGE FOR INNOMOTICS INDIA

The motors and drives manufacturer reflects on its first year after separating from Siemens, balancing legacy strengths with new opportunities in emerging industries.

- By Team ET Now Machinist

When Siemens Large Drives became Innomotics in 2023, little changed on the factory floor in India. The same products rolled out of the same plants, made by the same people. But behind the familiar routines, the company was quietly learning how to run as an independent business for the first time.

Globally, Innomotics employs about 15,000 people and generates around €3 billion in annual turnover. In India, it operates across high-voltage motors, medium-voltage drives, industrial solutions, and customer services, with low-voltage motors also under its name.

The carve-out brought a leaner organisational structure and a faster decision-making process. Whole-time Director and CEO Alex Nazareth describes it as “greater entrepreneurial freedom” — a chance to focus sharply on the core business while keeping customers at the centre.

BLENDING GLOBAL KNOWLEDGE WITH LOCAL MANUFACTURING

One of the company’s main strengths, Alex says, is its ability to draw on a worldwide R&D network while manufacturing locally. The idea is to adapt advanced technologies for India's market, combining global expertise with cost-effective production.