On Tuesday, Mitsubishi Electric Corporation announced an investment of approximately 2.2 billion Indian rupees (US$ 28 million) into its subsidiary, Mitsubishi Electric India. The investment will fund the establishment of a new factory in India.
This facility is set to begin operations in December 2023. It will produce inverters and other factory automation (FA) control system products, expanding Mitsubishi Electric’s ability to meet the growing demand in the Indian market.
India’s market is expanding at an annual rate of about 8%. Key industries driving this growth include automotive, food and beverage, pharmaceuticals, data centers, and textiles. Further market expansion is expected in the coming years.
Mitsubishi Electric’s involvement in India’s AM control system business dates back to the mid-1990s. After acquiring a local AM control system manufacturer in 2012, the company has strengthened its presence. It has built a local engineering team, expanded service and support capabilities, and began local product manufacturing in 2013.
Mitsubishi Electric
According to a company statement, the new two-story, 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 will also contribute to the Make in India initiative promoted by the Indian government.
In addition, the new factory will incorporate several features with the goal of achieving carbon neutrality by reducing carbon dioxide emissions through the use of highly efficient air conditioning systems and LED lighting equipment, and meeting sustainable development goals ( ODS) by reusing wastewater through underground filtration treatment and greening.
Its Industrial Automation Systems business includes programmable logic controllers, inverters, servo motors, human-machine interface, motors, hoists, magnetic switches, non-fuse circuit breakers, short circuit breakers, transformers for electricity distribution, time and power meters, uninterruptible power supply, industrial fans, computer numerical controllers, electric discharge machines, laser processing machines, industrial robots, clutches, automotive electrical equipment, electric powertrain systems, automobile electronics and mechatronics, automobile multimedia, and others.