[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-siemens-acquires-mass-tech-controls-ev-division-to-meet-growing-demand-for-ev-charging-infrastructure-in-india":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$fzgh9HMZBeog6YYmi6_wf9F1_8E0448vNEX9r4SOC_2g":167,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":173,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$flyRSpjhyVE29pqjd-DzWtoRwNGPXrTq6WJDGSvhczcc":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},484,"Siemens Acquires Mass-Tech Controls’ EV Division to Meet Growing Demand for EV Charging Infrastructure in India","siemens-acquires-mass-tech-controls-ev-division-to-meet-growing-demand-for-ev-charging-infrastructure-in-india","Siemens Ltd strengthens its Indian e-mobility footprint by acquiring Mass-Tech Controls' EV division to meet rising demand.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2023\u002Fshutterstock_1805827693.jpg\" alt=\"\" width=\"437\" height=\"242\">Siemens Ltd, signed an agreement recently to acquire the EV division of Mumbai-based Mass-Tech Controls Pvt Ltd, in a step to address the fast-growing demand for electric vehicle (EV) charging infrastructure in India. The division is engaged in design, engineering, and manufacturing of a wide range of AC chargers, and 30 to 300kW capacity DC chargers for various end applications for EVs. The purchase consideration is INR 38 crore on a cash free and debt free basis and subject to other adjustments that are mutually agreed between the parties to the transaction. \u003C\u002Fp>\r\n\u003Cp style=\"text-align: left;\">Closing of the acquisition is subject to fulfillment of condition precedents as agreed between the parties and receipt of requisite regulatory, statutory, and other approvals. Post the acquisition, the EV division of Mass-Tech Controls will be fully integrated into the e-Mobility Business Unit of the Smart Infrastructure Business, Siemens Ltd. While Siemens is active globally in the e-mobility infrastructure space for more than a decade, the addition of products will complete Siemens India’s portfolio of e-mobility solutions and will address the needs of the Indian market. The Indian market has unique requirements such as lower power rating and parallel charging.\u003C\u002Fp>\r\n\u003Cp>Encouraged by the FAME-II policy of the Government of India and electric vehicle policies notified by various state governments, the electric vehicle market in India is in the midst of a transformation.  \u003C\u002Fp>\r\n\u003Cp>Reiterieting that the acquisition will enable Siemens Ltd to address the rapidly growing Indian e-mobility market by complementing its global portfolio, Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd, said, “The acquisition will help us to accelerate our growth plans in the e-mobility business segment and will expand our portfolio of sustainability solutions for our customers. We welcome colleagues from Mass-Tech Controls Pvt Ltd into the Siemens family.”\u003C\u002Fp>\r\n\u003Cp>Stating that the fast-evolving e-mobility infrastructure market in India is important for Siemens due to its high growth potential, Markus Mildner, CEO – eMobility at Siemens Smart Infrastructure, added, “The enhanced portfolio will enable Siemens to meet market requirements such as homologation and local value-add with cost-competitive solutions. With this acquisition, we now have a strong platform to address our customers’ needs with locally designed and produced products.”\u003C\u002Fp>\r\n\u003Cp>Against this backdrop, Subhash Patil, Chairman and Managing Director, Mass-Tech Controls Pvt Ltd, commented, “We are extremely delighted with the acquisition of our business by Siemens, one of the most well recognized and respected organizations globally. Electric vehicle solutions from Mass-Tech Controls will perfectly complement and strengthen Siemens’ own existing portfolio of electric vehicle charging infrastructure solutions, helping provide higher value to customers.” \u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.siemens.co.in\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2023\u002FverHHtq09iPcggyL732o.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJune2023\u002FverHHtq09iPcggyL732o.jpg","2023-06-21T06:36:06+05:30","MWM Desk","News",0,"Siemens Ltd will acquire the EV division of Mumbai-based Mass-Tech Controls for INR 38 crore.\nThe deal aims to localize Siemens’ portfolio to meet specific Indian market requirements like parallel charging.\nThe division will be fully integrated into the e-Mobility Business Unit of Siemens’ Smart Infrastructure segment.","Siemens Ltd has officially announced the acquisition of the EV division of Mumbai-based Mass-Tech Controls, marking a strategic move to capitalize on the rapid growth of India’s electric vehicle charging infrastructure. This acquisition brings critical design, engineering, and manufacturing capabilities for AC and DC chargers into the Siemens portfolio. By integrating Mass-Tech’s local expertise with Siemens’ global e-mobility solutions, the company is poised to address unique regional needs, including lower power ratings and parallel charging capabilities. This integration into the Smart Infrastructure Business Unit signals a major commitment to supporting India's transition to sustainable energy and strengthening local value-add in the EV sector. We are watching how this shift will influence the competitive landscape of the Indian EV charging ecosystem. #Siemens #EVInfrastructure #IndiaEV","Big move in the Indian EV sector! Siemens Ltd is acquiring Mass-Tech Controls' EV division to scale up local charging infrastructure and meet the growing demand for sustainable mobility solutions. #Siemens #ElectricVehicles","Big news in the world of e-mobility! ⚡️ Siemens Ltd is expanding its footprint in India by acquiring the EV division of Mass-Tech Controls. By adding locally designed AC and DC chargers to their portfolio, Siemens is set to supercharge the Indian EV charging market. This strategic move is all about meeting the unique needs of the local market, from parallel charging to cost-competitive solutions. We love to see global giants investing in the future of sustainable infrastructure in India! 🌍🔌 What do you think this means for the EV charging landscape? Let us know in the comments! #Siemens #EVCharging #ElectricVehicles #SustainableTech #IndiaBusiness #GreenEnergy #FutureOfMobility",{"title":6,"description":8,"keywords":21},"siemens india, ev charging infrastructure, electric vehicle market, mass-tech controls, emobility, smart infrastructure, ev charging solutions, india energy transition, business acquisition",{"title":23,"slug":24,"imageUrl":25},"Mitsubishi Electric Helps Understand the ROI of Visualization","mitsubishi-electric-helps-understand-the-roi-of-visualization","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2023\u002FOFbAWT16Rc53UxfPKt80.jpg",{"title":27,"slug":28,"imageUrl":29},"CUMI and Digital University of Kerala Collaborate to Drive Graphene 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Decarbonization Agenda","cii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda","CII GreenPro Summit 2026 accelerates India's industrial decarbonization with focus on green products and sustainable value chains.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fcii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda-dlMTv5.png","2026-07-31T03:24:02+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"BASF Launches Melyra and Inveris Gold Crop Protection Solutions in India","basf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india","BASF expands its Indian agricultural portfolio with the launch of Melyra and Inveris Gold, delivering advanced crop protection and enhanced productivity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fbasf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india-gdMNFU.jpg","2026-07-31T02:38:13+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"L&T Technology Services Launches Ainfonix™ 4.0 to Accelerate AI Adoption","lt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption","L&T Technology Services unveils Ainfonix™ 4.0 at EI Live, a cutting-edge platform designed to accelerate industrial AI adoption and data utility.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Flt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption-n5XI9j.webp","2026-07-31T02:17:58+05:30",{"title":87,"slug":88,"excerpt":89,"imageUrl":90,"publishedAt":91,"author":13,"category":14},"Tembo Global Industries Opens New Vasai Facility, Boosts Capacity to 1,00,000 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Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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