Igarashi Motors India Limited, established in 1992, specializes in manufacturing micro motors and accessories primarily for the automotive industry. The company significantly expanded its production capacity in the late 1990s and achieved QS 9000 certification by 1998. Igarashi Motors has undergone several strategic changes, including a joint venture with Robert Bosch GmbH to develop DC motors for automotive applications and divestments in related entities to streamline its focus. A major shareholder shift occurred in 2015 when Igarashi Electric Works Limited (Japan) acquired a majority stake, solidifying its position in the company. Recent developments include the acquisition of Agile Electric's export division and the disinvestment of its stake in Bosch Electrical Drives India Private Limited, indicating a strategic refocus on core operations. The company maintains a strong promoter group holding of 75%, underscoring its stable ownership structure.
