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Igarashi Motors India Ltd is engaged in the production and export of Permanent Magnet DC Motors for the Automotive Sector especially for the passenger vehicle sectorIt was incorporated as CG Igarashi Motors Limited in 1992 as a JV between Crompton Greaves Ltd(India), Igarashi Electric Works Ltd, Japan, and International Components Corporation, USA.Over a period, IEWL consolidated its stake in the Company by acquiring a stake of exited JV Partners.
Igarashi Motors posted FY26 revenue of ` 865.92 Cr and net profit of ` 12.15 Cr, with margins impacted by commodity prices. The Board declared a ` 1.30/share dividend. Significant new orders for automotive components and BLDC solutions were secured. The company also improved manufacturing efficiency and achieved zero hazardous...