JPY1.7bn investment in Gujarat
Mitsubishi Electric Corporation is expanding production in India and has announced the start of a new plant construction at Mitsubishi Electric Automotive India Pvt. Ltd (MEAI) in Gujarat.
The new plant, along with one in Manesar, Haryana, will enable MEAI to expand its output of products such as motor-control units for electric power steering, exhaust gas recirculation valves and giant magnet-resistance sensors, the demand for which is expected to grow in line with increasing sales of vehicles offering enhanced fuel efficiency and reduced emissions in the Indian market.
It is investing JPY1.7 billion on the plant for producing motor control units for electric power steering, exhaust gas recirculation valves and giant magnet-resistance sensors.
The 20,000 sq m two-storey plant will be completed by October 2021.
Mitsubishi Electric, aiming to expand the scale of its automotive equipment business, is developing a range of advanced automotive products by applying an extensive range of proprietary technologies for vehicles, engine integration control and high-density coil windings for motors. fiinews.com