ABB India is expanding its production capacity and launching a new product: the IE5 Ultra Premium Efficiency LV Motors. Capacity is slated to increase by 23%, with project completion expected in 2029. The company is investing INR 140 Crores in existing facilities for expansion and upgrades. The new motor is aimed at the domestic market.
Capacity Expansion Plans
ABB India has announced a significant expansion of its existing production capacity. The proposed capacity addition is 23%. The company anticipates completing the expansion by 2029.
To facilitate this growth, ABB India is investing INR 140 Crores. These funds will be used to expand, upgrade existing facilities and for warehouse space.
New IE5 Ultra Premium Motor Launch
Alongside the capacity expansion, ABB India is launching a new product: the IE5 Ultra Premium Efficiency LV Motors. This new motor will be targeted toward the domestic market.
Rationale for Growth
The capacity expansion and new product launch support the introduction and ramp-up of new products, including Flame Proof Motors, Smoke Vent Motors, and Roller Table Motors.
Source: BSE
