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Electrification and automation major ABB on Monday said it will invest a further USD 75 million in India during 2026 to significantly expand its manufacturing footprint and R&D capabilities. This investment, combined with its 2025 spend of over USD 35 million, reflects ABB's commitment to scaling its "local-for-local" strategy in India, a company statement said. Approximately 85 per cent of ABB's products and solutions sold in India are manufactured locally. The investment will support growth across ABB's electrification, motion and automation business areas. It follows a decade of strong annual growth in the country, where ABB has invested more than USD 230 million over this period to strengthen India's position as a global manufacturing hub. This year marks ABB's 76th year of operations in the country. "This investment in India is an important part of our strategy to support infrastructure build-out and growth in one of our fastest growing markets," said Morten Wierod, ABB's ...
Electrification and automation major ABB India on Saturday posted a 20 per cent fall in net profit to Rs 352 crore during the June quarter compared to the year-ago period, primarily due to the impact of forex volatility and higher expenses. The company had reported profit after tax of Rs 443 crore in the same quarter of 2024, a company statement said. The company follows January-December financial year. According to the statement, the company achieved a revenue of Rs 3,175 crore for the second quarter, higher than Rs 2,831 crore in the same period a year ago. The company's total expenditure jumped to Rs 2,801.1 crore in Q2 CY2025 from Rs 2,323.9 crore a year ago. The company's cash position continues to remain robust at Rs 5,154 crore at the end of Q2 2025. ABB India Board of Directors declared an interim dividend of Rs 9.77 per equity share of face value of Rs 2 each. "With a strong revenue and backlog expansion, we have delivered yet another resilient performance for the second
Electrification and automation major ABB India on Friday posted a 3 per cent rise in net profit to Rs 474 crore during the March quarter compared to the year-ago period, primarily on the back of higher revenues. The company follows January-December financial year. "The company reported profit after tax of Rs 474 crore at the end of Q1 CY2025 (January-March 2025) as compared to Rs 460 crore in Q1 CY2024," a company statement said. According to the statement, the company achieved a revenue of Rs 3,160 crore for the first quarter (January-March 2025) which is higher than Rs 3,080 crore in the same period a year ago. The company's cash position continues to remain robust at Rs 5,756 crore at the end of Q1 2025. "In our 75th year of manufacturing in India, I am proud of the solid start to 2025. We continue to enjoy trust of our customers and partners, who are served impactfully by the ABB India team. In an increasingly uncertain global market, ABB India stands steady posting consistent