The move came as it will help the company in supporting the expansion of environmentally friendly products in the Indian automotive market
October 07, 2019. By News Bureau
Mitsubishi Electric Corporation has announced that it is planning to set up a new plant in Gujarat, India.
This new plant will be built on the premises of the multinational company’s subsidiary i.e. Mitsubishi Electric Automotive India Pvt. Ltd (MEAI).
The move came as it will help the company in supporting the expansion of environmentally friendly products in the Indian automotive market.
This facility will be set up with an investment of approx. JPY 1.7 billion, and will be having a two story building with total floor space of approx. 20,000 m2. While constructing this facility, the company will use various environmental measures such as solar light panels, LED lighting, electric power monitor system, reutilization of waste water etc.
Besides, the new plant is expected to commence operations from October 2021.
Moreover, this new facility in Gujarat, along with one in Manesar, Haryana, will enable the company to expand its output of products in the domestic market.
Through this facility, it will produce products like motor-control units for electric power steering, exhaust gas recirculation valves and giant magnet-resistance sensors, whose demand is expected to boost with the increasing sales of vehicles offering enhanced fuel efficiency and reduced emissions in the country.
So, in-line with the expectation of growing demand, the company is aiming to expand the scale of its automotive equipment business.
It will develop 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.
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