Inovance, a global leader in industrial automation, has announced exceptional results for 2024, achieving USD 5.2 billion in global revenue, representing a 22 percent year-over-year growth. This milestone underscores the company’s commitment to delivering innovative, reliable automation solutions to customers worldwide.
The growth was led by strong performance in general industrial automation, where Inovance’s broad portfolio of products—ranging from AC drives and servo systems to motion control and PLCs—continues to support customers in diverse manufacturing sectors with advanced automation technologies.
Inovance also made a significant investment in Research & Development, allocating USD 442 million, or 8.5% of total revenue, to drive continuous innovation and development of next-generation products and solutions.
Strengthening presence in India
India continues to play a vital role in Inovance’s global expansion strategy. Inovance Technology India now employs over 200 professionals and operates through a strong network of five branch offices located in Noida, Mumbai, Ahmedabad, Hyderabad, and Surat. The company also operates a dedicated service and repair centre in Surat, providing timely support and maintenance to customers across the region.
The company’s head office is located in Chennai, with a manufacturing facility situated at MM Nagar, Chennai, supporting local operations and further strengthening Inovance’s presence in the Indian market.
For more information, visit www.inovance.eu/india.
Cookie Consent
We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.
