FOR IMMEDIATE RELEASE No. 3529
Representation of Mitsubishi Electric's new factory in India (CG illustration)
TOKYO, June 7, 2022 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest approximately 2.2 billion Indian rupees, or 3.1 billion yen, in its subsidiary Mitsubishi Electric India Pvt. Ltd. to establish a new factory in India. Expected to start operations in December 2023, the new factory will manufacture inverters and other factory automation (FA) control system products, expanding the company's capabilities to meet the growing demand in India. The rapidly growing Indian market is expanding at an annual rate of about 8% mainly in industries such as automobiles, food & beverage, pharmaceuticals, data centers, and textiles, with further market expansion expected in the future.
Mitsubishi Electric's FA control systems business in India began in the mid-1990s, and since acquiring a local manufacturer of FA control systems in 2012, the company has continued to strengthen its local business structure by establishing a local engineering team, expanding service and support capabilities, and in 2013, starting local manufacturing of products.
The new two-floor, 15,400 square-meter factory will be built on 40,000 square meters of land near Pune, Maharashtra, and will help expand Mitsubishi Electric's production capabilities to meet local demand for products, and also contribute to the Make in India initiative promoted by the Indian government.
In addition, the new factory will incorporate various features aiming to achieve carbon neutrality by reducing carbon dioxide emissions through the use of highly efficient air conditioning systems and LED lighting equipment, and meet sustainable development goals (SDGs) by reusing wastewater through underground filtration treatment and greening.
|Managing Director||Kazuhiko Tamura|
|Head Office||Gurugram, Haryana, India
3rd Floor, Tower A, Global Gateway, MG Road, Gurugram - 122002, Haryana, India
|Ownership||Mitsubishi Electric Asia Pte. Ltd.: 58%, Mitsubishi Electric Corporation: 42%|
|Paid-in Capital||4.4 billion Indian rupees (about 6.6 billion yen)|
|Established||September 21, 2010|
|Businesses||Development, manufacture, sales and after-sales service of FA control system products; sales and after-sales services for air conditioners, semiconductors; manufacture, sales and after-sales service of electrical products for railway vehicles|
Note that the press releases are accurate at the time of publication but may be subject to change without notice.