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  1. ABB to invest $75 million in India to expand manufacturing, R&D for critical segments

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ABB to invest $75 million in India to expand manufacturing, R&D for critical segments

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4 min read | Updated on March 09, 2026, 14:21 IST

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SUMMARY

Share market news: This investment, combined with its 2025 spend of over $35 million, reflects ABB's commitment to scaling its "local-for-local" strategy in India, a company statement said.

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ABB India shares, March 9, 2026

The revenue of ABB in India was more than $1.5 billion in 2025, accounting for 4% of the ABB Group total. | Image: Shutterstock

ABB share price: ABB Ltd, the electrification and automation major, on Monday, March 9, said it would invest a further $75 million in India during 2026 to significantly expand its manufacturing footprint and R&D capabilities.
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This investment, combined with its 2025 spend of over $35 million, reflects ABB's commitment to scaling its "local-for-local" strategy in India, a company statement said.

Approximately 85% 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 $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 chief executive officer.

Across ABB's business areas of electrification, motion, and automation, investments in multiple Indian locations will focus on expanding production to support its energy transition as well as industries critical to the economy, such as data centres and public infrastructure.

Approximately 300 new skilled jobs in engineering, operations, and research are expected to be created as part of the investments.

ABB is investing $14 million in its two Nelamangala campus facilities to drive continued growth and deepen its localisation strategy.

The ABB is investing $21 million in its Peenya operations to expand manufacturing capacity and strengthen advanced technology capabilities.

ABB is progressing a multi-phase laboratory and office project in Hyderabad, investing $12 million in 2026 as part of phase one, which includes February 2026 operations relocation to a 12,400+ sqm leased office and lab space.

Phase two, a state-of-the-art high-power lab on ABB-owned 16,630 sqm land, is scheduled for 2026. This hub will house R&D and engineering employees.

In Nashik, the ABB is expanding its current facility with an investment of $22 million for the production of indoor and outdoor circuit breakers.

It will invest $6 million to expand its manufacturing footprint in Vadodara, with a focus on scaling up its slow-speed synchronous generators facility and increasing the capacity of the induction motors factory to support growing demand from core industries such as metals, oil & gas, cement, and wind.

The revenue of ABB in India was more than $1.5 billion in 2025, accounting for 4% of the ABB Group total.

About ABB and ABB India

ABB operates in the technology sector, particularly in electrification and automation. The company connects engineering know-how with software solutions to optimise manufacturing processes, logistics, power systems, and operational efficiency. With a history spanning over 140 years, ABB has a workforce of 105,000 employees.

The roots of the ABB Group date back to the late 19th century. The company has a long history of invention and technological leadership. Charles E.L. Brown, Walter Boveri, and Ludvig Fredholm, who represented ASEA, played important roles in the late 1800s, leading to the establishment of the ABB Group.

In 1988, the energy and power company BBC and automation giant ASEA merged to form Asea Brown Boveri Ltd (ABB).

ABB India Ltd was incorporated on December 24, 1949, in Mumbai, as Hindustan Electric Company Ltd.

On September 24, 1965, the company’s name was changed to Hindustan Brown Boveri Ltd.

In addition to producing heavy engineering and industrial equipment, ABB India Ltd also engages in building and engineering projects.

How ABB India shares were performing on Monday

Shares were trading at ₹5,911.50 apiece on the NSE, down 2.48%.

With inputs from PTI
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
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