# Igarashi Electric to buy out partner in Igarashi Motors India

Japan's Igarashi Electric Works and its subsidiary Agile Electric Sub Assembly will acquire a combined 21.15% stake in Igarashi Motors India from CEO Mukund Padmanabhan, taking control of the Indian unit.

- Type: Acquisition
- Announced: 2019-08-22
- Where: Mumbai, India
- Status: announced
- Products: small electric motors for automotive sector
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Igarashi Electric Works](https://endata.com/companies/41550.md) (acquirer)
- [Agile Electric Sub Assembly](https://endata.com/companies/41551.md) (acquirer)
- [Igarashi Motors India](https://endata.com/companies/41552.md) (target)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/auto/auto-news/japans-igarashi-to-buy-out-partner-in-india-unit/articleshow/70799286.cms), 2019-08-23: "Japan’s Igarashi Electric will buy out its Indian partner chief executive Mukund Padmanabhan and will take over the debt from Igarashi Motors India as the Kawasaki-based electric motor maker looks to expand its business in the country."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.