ABB India , a leader in electrification and automation technology, has announced a significant investment of over ₹140 crore to enhance its low voltage (LV) motors production capacity. This strategic move comes alongside the launch of India's first locally manufactured IE5 ultra-premium efficiency motors, marking a major milestone in the company's commitment to industrial energy efficiency and sustainability.

Expansion of Manufacturing Capacity

The investment of over ₹140 crore is aimed at expanding and modernizing ABB India's LV motors manufacturing facility. This expansion reinforces India's position as a key global manufacturing hub for ABB and underscores the company's long-term vision for the country.

Stefan Floeck, President of IEC Low Voltage Motors at ABB, stated, "Our strategic investment is not just about building capacity — it's about reinforcing our long-term vision for India as a key global manufacturing hub. With rising demand for energy-efficient motors, we're engineering solutions that help customers outrun leaner and cleaner."

Introduction of IE5 Ultra-Premium Efficiency Motors

The highlight of ABB India's announcement is the launch of the IE5 ultra-premium efficiency motors. These motors represent a significant advancement in energy efficiency, offering:

• Power ratings from 45 kW to 1000 kW
• Up to 40% lower energy losses compared to IE3 motors
• Faster return on investment (ROI)
• Reduced total cost of ownership
• Longer operating life

What sets these motors apart is their use of proven induction technology without relying on rare-earth metals. This makes them both environmentally friendly and cost-effective.

Tailored for Indian Industries

The new IE5 motors have been custom-engineered for Indian operating conditions. They are designed to operate seamlessly on both Direct-On-Line (DOL) and Variable Frequency Drive (VFD) systems, making them ideal for a wide range of industries including metals, cement, textiles, pharmaceuticals, food & beverage, and paper.

Sanjeev Arora, President of Motion Business & IEC Low Voltage Motors at ABB India, emphasized, "These motors combine the reliability of proven induction technology with ultra-premium efficiency - without relying on rare-earth metals. This milestone reflects our commitment to supporting Indian industries with sustainable, high-performance solutions that are built for local conditions and aligned with the nation's push toward industrial decarbonization."

Commitment to Sustainability and Innovation

This latest investment and product launch strengthen ABB's 75-year legacy in India. It sets new benchmarks in energy efficiency and underscores the company's commitment to technological excellence and sustainable growth.

As part of its 'Engineered to Outrun' philosophy, ABB continues to push the boundaries of technology to contribute to energy-efficient, decarbonizing, and circular solutions for customers, industries, and societies. With this move, ABB India is not only expanding its manufacturing capabilities but also playing a crucial role in advancing India's industrial energy efficiency and sustainability goals.

The introduction of these ultra-premium efficiency motors is expected to have a significant impact on industrial energy consumption, supporting India's efforts towards industrial decarbonization and sustainable manufacturing practices.

ABB India Limited , a prominent player in the Indian industrial technology sector, has released its financial results for the quarter ended March 31, 2020, revealing a mixed performance amidst challenging market conditions.

Financial Highlights

The company reported a net profit of ₹64.64 crore for the quarter, marking a decrease from ₹91.83 crore in the previous quarter. This decline in profitability was accompanied by a reduction in revenue from operations, which fell to ₹1,522.24 crore from ₹1,953.33 crore in the preceding quarter.

Solar Business Update

In a significant development, ABB India reversed an exceptional cost of ₹56.79 crore related to its solar inverter business. This reversal came after the company signed a Business Transfer Agreement with Marici Solar India Private Limited for a consideration of ₹105.63 crore. This strategic move is expected to streamline ABB India's operations and focus on its core competencies.

COVID-19 Impact

The company's operations were notably impacted by the COVID-19 lockdowns, which were implemented from March 24, 2020. These restrictions significantly affected the company's March volumes, contributing to the overall decline in quarterly performance.

Segment Performance

Breaking down the company's performance:

• Continuing operations generated a profit of ₹66.00 crore
• Discontinued operations recorded a loss of ₹1.36 crore

Earnings Per Share

For the quarter under review, ABB India reported basic earnings per share of ₹3.05.

The results reflect the challenging business environment faced by ABB India, particularly in light of the COVID-19 pandemic. While the company has shown resilience in maintaining profitability, the impact of external factors on its operations is evident. The strategic decision regarding its solar inverter business demonstrates ABB India's adaptability in navigating market challenges.