ABB India expands its production footprint with a new line for variable speed drive modules at the Peenya factory in Bengaluru. The new line will produce drives ranging from 75 kW to up to 250 kW and will cater to all major industrial segments, the company said in a press release on Thursday.

Share Market Live

NSE

ABB’s variable speed drives are used to control the speed of electric motors to match the actual demands of the process to improve energy efficiency and performance in any industrial application. “This expansion demonstrates our commitment to innovation, delivering world-class sustainable products and solutions for the Indian market as well as to enriching the local supplier base,” said A.R. Madhusudan, President, Drive Products, ABB India.

When added to the existing motor of a pump, fan or compressor, a drive can typically reduce power consumption by up to 25 percent, the company said in a press release. "The expansion will also strengthen the local supplier eco-system for ABB low voltage AC drives portfolio".

Despite the energy saving and performance improving potential, currently only about 23 percent of the world’s motors are paired with a drive. Hence, this factory will play a key role in enabling businesses and industries at large to adopt energy-efficient technologies and help achieve carbon-neutrality.

The stock is trading 1 percent higher in trade on Thursday at 2pm.

Also read: ABB India Q1CY23 results