Igarashi Motors India is planning business re-organisation, including amalgamation of group company(ies), to achieve synergies in business operations. In this regard, the company’s board will meet on December 26, 2016. The group companies include Agile Electric Sub Assembly, Igarashi Electric Works (HK), Igarashi Motor Sales USA, Igarashi Motoren GmbH, Igarashi Electric Works (China) and Baesung Igarashi Co - Korea. Investors will monitor the development.
Igarashi Motors India is primarily engaged in the production and sale of permanent magnet DC motors and its accessories, mainly for automotive sector specifically for passenger cars. The company generates majority of its sales from actuator motor, a variety of DC motor used in actuator application/systems.
