Conglomerates may suit bureaucrats, but capital markets favour clarity. Siemens India is finally playing to the script that investors know best—unbundle, refocus, and chase thematic growth. Its energy business, which accounted for 28% of sales in 2023–24, is being spun off into a separately listed entity. The market debut is expected within 90 days of the April 7 record date. The breakup is part of a global restructuring that began at Siemens AG—and this time, the India arm isn’t just a passive passenger.The move is more than cosmetic. Siemens India’s remaining business leans into India’s core priorities: industrial automation, smart infrastructure, and mobility. This is the slice of Siemens that the market wants to own—especially in a country betting big on semiconductor fabs, metro rail, EV chargers and green buildings. For every drag from the global parent’s woes, the local play is getting structurally stronger.
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