CG inaugurates new Motor manufacturing facility “Smart LV Motors” at Ahmednagar
Bengaluru, December 23, 2020 – Mr. VellayanSubbiah, Chairman CG Power and Industrial Solutions Limited inaugurated the state-of-the-art facility at Ahmednagar in Maharashtra on 21st December, to manufacture next-generation smart Motors.
This is the 7th manufacturing facility of the company in Ahmednagar which is spread over an area of 4200 sq. meter. and is equipped with the latest world-class equipment and machineries. The new facility will manufacture Smart Electric Motors from 75 kW to 1000 kW. It will cater to the increased demand for the domestic and global market and will help CG to gain greater market share for a higher range of LV Motors.
Speaking on the occasion Chairman- Mr. VellayanSubbiah said, “The new plant is a testimony of the company’s commitment towards Make in India initiative and deliver to its customers world-class products at affordable price. This plant will keep India ahead of the curve in Motor technology.
About CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions Limited is a global pioneering leader in the management and application of electrical energy. CG provides end-to-end solutions that meet all electrical needs of its customers. CG’s offerings include electrical products, systems, and services for utilities, power generation, and industries. CG is a subsidiary of Tube Investments of India Limited which forms part of the Murugappa Group.
For more information on CG, please visit: www.cgglobal.com
About Murugappa Group
Founded in 1900, the INR 381 Billion (38,105 Crores) Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.
For more information on Murugappa Group, please visit www.murugappa.com
For further information, please contact:
Ms. Barkha Nair
Lead- Corporate Communications
CG Power and Industrial Solutions Limited
10th floor, CG House, Dr. Annie Besant Road Worli, Mumbai 400030
Tel (D): +91 22 24238990