The Company was originally incorporated as CG Igarashi Motors Limited ('CGIML') on January 10, 1992 as a Joint Venture between Crompton Greaves Limited, India, Igarashi Electric works Ltd (IEWL), Japan and International Components Corporation, USA. Over a period, IEWL consolidated its stake in the Company by acquiring stake of exited JV Partners. The Company's name was changed from CGIML to Igarashi Motors India Limited from July 13, 2003.