Mitsubishi Electric Corporation will invest some $US222.5 million its subsidiary company to establish a factory for the production of room air conditioners and compressors in India.
Local production, targeted to start in October 2025, is expected to help the company meet growing demand in the Indian market.
Initial annual capacity will total 300,000 room air conditioner outdoor units and, beginning in December 2025, 650,000 compressors.
Mitsubishi Electric’s Advance & Innovation 2025 strategy, introduced in November 2021, is targeting sales of air conditioning and refrigeration systems worth $US10.5 billion and operating profit of 12 per cent by the fiscal year ending March 2026.
Under the strategy, the company is accelerating its launch of high-performance, energy-saving and environmentally friendly products in order to offer natural refrigerants that meet local needs, expand production for stable product supply and shorter lead times, and introduce 2/2 lifecycle solutions encompassing sales, service, facility management and product recycling.
Mitsubishi Electric expects to invest $US1.5 billion in related facilities worldwideover a five-year period ending in March 2026.
The new 88,000 square-metre factory will be built on a 210,000 square-meter site in Tamil Nadu in southern India.