Disclosure: Clients Holding 200 shares @ 225
Igarashi Motors India Limited (IMIL) was established in 1993 as CG Igarashi Motors Ltd, a joint venture between Crompton Greaves Ltd (CGL), Igarashi Electric Works (IEW), Japan and Igarashi Electric Works (H.K) Limited, Hong Kong. IMIL is engaged in development, production and sale of small, permanent magnet DC motors and gear motors with accessory mainly for the automotive sector. The company also provides assembly services like end cap,case, armature.Strong parent support, Igarashi Electric Works Ltd., Japan, IMIL’s parent company has an international presence with sales offices, manufacturing facilities, and distribution centers worldwide. The company has sales offices located in Japan, USA, Germany and Hong Kong.The core advantage of Igarashi is that each motor is designed to the specification of each application. 80% of themotors made find application in automobiles. The automation level in modern vehicle is so high that there is a need of 70 to 80 motors in each vehicle.The company plans to focus on the micro-motors segment and develop into a low cost global supplier of niche engineering goods, making motors for global auto majors, acquiring production facilities, undertaking contract manufacturing, and expanding product portfolio. The management isalso aiming to double its sales volume over the next 4 years.
