As India accelerates its ambition to become a global manufacturing and infrastructure powerhouse, Siemens Ltd is stepping up as a critical enabler of that vision. With billions invested in electrification, automation, and digitalization, the German engineering giant is positioning itself as a technological backbone for the country’s industrial transformation.

Sharpening Focus After Demerger

“The demerger has allowed us to sharpen focus on our core businesses and drive shareholder value,” said Sunil Mathur, Managing Director and CEO of Siemens Ltd, in an exclusive conversation with Mint. “Each business is now moving independently and on track.”
The move has enabled Siemens to deepen its presence across its three main verticals—Smart Infrastructure, Digital Industries, and Mobility—all closely aligned with India’s national priorities of clean energy, advanced manufacturing, and urban mobility.

Riding the Wave of Public Investment

Government-led capital expenditure remains a major growth driver for Siemens. The company anticipates that private sector investments will follow as recent budget measures and GST reforms stimulate consumption. “The government has done what it could to drive demand—now it depends on consumer behaviour and global conditions,” Mathur remarked.
Despite global headwinds, Siemens views India as one of its most resilient and fastest-growing markets. The company’s vast portfolio is directly plugged into infrastructure projects ranging from rail electrification to smart city development.

Mobility: Siemens’ Fastest-Growing Engine

The mobility division has emerged as a significant growth engine, fuelled by marquee projects such as the ₹26,000-crore electric locomotive order and the high-speed rail signalling contract. “These projects take our mobility business to the next level,” Mathur said. “We now have a complete presence across rolling stock, electrification, and signalling.”
Beyond rail, Siemens is expanding its manufacturing capabilities in Aurangabad and Nashik, while also making strides in India’s nascent but rapidly growing electric vehicle (EV) charging market. “We’re already supplying chargers for commercial fleets, and that segment will expand rapidly,” he noted.

Localization Meets Global Integration

“Localization isn’t a one-day job; it’s a journey involving engineering, design, and supplier development,” Mathur emphasized. Siemens now operates nearly 25 factories across India, achieving up to 99% localization for the electric locomotive project. The Aurangabad facility exports rail bogies to Europe, and around 20% of Indian production is integrated into Siemens’ global supply chain.
This strategy reflects Siemens’ long-term commitment to “Make in India,” as the company strengthens its engineering depth and supplier networks to make India a global manufacturing hub within its worldwide ecosystem.

Strategic Acquisitions Fuel Growth

While organic expansion forms the foundation of Siemens’ growth, the company is also eyeing acquisitions to expand its technology base and market reach. The 2021 acquisition of C&S Electric bolstered Siemens’ position in the mid-market electrical segment, while recent deals in EV charging technology have introduced cost-effective, locally relevant solutions.
“Inorganic growth is a key part of our strategy—but we’re selective,” Mathur explained. “An acquisition must bring us a new market, product, or cost-level technology.”

Digitalization and the Smart Factory Era

Digital transformation is at the heart of Siemens India’s next leap. The company is investing heavily in AI, digital twins, and the industrial Internet of Things (IoT) to make manufacturing smarter and more efficient. “Earlier, India was seen as a low-cost base,” Mathur said. “But technology is now the great equalizer. The future lies in combining India’s software strength with advanced manufacturing.”
In parallel, Siemens runs extensive in-house learning and digital training programs to upskill its workforce for Industry 4.0. “Upskilling is essential, but technology will drive productivity leaps,” he added.

A Positive Outlook for Infrastructure

Experts see the current environment as favourable for industrial expansion. A.S. Firoz, former chief economist at the steel ministry, noted that subdued steel prices are benefiting infrastructure players. “Infrastructure sector companies should do well without worrying about cost pressure and shrinking margins,” he said.

Powering India’s Next Chapter

With an order book exceeding ₹42,000 crore, Siemens is well-positioned to capitalize on India’s growth momentum across energy, infrastructure, and mobility sectors. As the government aims to raise manufacturing’s share of GDP from 15% to 25%, Siemens’ technologies are expected to play a pivotal role.
“Our technologies support India’s push for sustainable, intelligent infrastructure,” Mathur concluded. “As India grows, Siemens grows with it. We’re deeply intertwined with the country’s industrial and infrastructure journey—and we’re here for the long run.”

Takeaway:
Siemens’ India story reflects the country’s broader industrial awakening—one powered by innovation, localization, and digital intelligence. By combining global expertise with local execution, Siemens is not just building machines or systems—it’s building the backbone of a modern, resilient India.

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