SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Siemens acquires electric vehicle division of Mass-Tech Controls

03 Jul 2023 Evaluate

Siemens has completed the acquisition of the electric vehicle division of Mass-Tech Controls for Rs 38 crore. Earlier, the company had entered into definitive agreements for the acquisition of Electric Vehicle (EV) division of Mass-Tech Controls. The division is engaged in design, engineering and manufacturing of a wide range of AC chargers, and 30 to 300kW capacity DC chargers for various end applications for EVs. 

Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization.


Siemens Share Price

3686.35 -79.10 (-2.10%)
23-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1174.45
Siemens 3686.35
Apar Industries 16648.35
ABB India 7153.60
Waaree Energies 3033.65
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: