Current Date: 21 Nov, 2024

Mitsubishi Electric India invests ₹1891 Crore in Chennai AC and Compressor Unit.

Mitsubishi Electric India Private Limited is spearheading a groundbreaking project in Gummidipoondi, Tiruvallur, Tamil Nadu, focusing on Air Conditioners & Compressors manufacturing. With a planned production capacity of 3 lakh units of air conditioners and 6.5 lakh units of compressors annually, the project promises to significantly bolster India's HVAC sector.

The strategic choice of Gummidipoondi as the project location is informed by various factors, including its favorable industrial ecosystem, robust infrastructure, and proximity to key markets. This ensures streamlined operations and efficient distribution channels for Mitsubishi Electric India Private Limited.

As one of the leading players in the global HVAC industry, Mitsubishi Electric's entry into the Indian market signals a new era of innovation and competition. The project aims to leverage cutting-edge technology and advanced manufacturing processes to deliver high-quality air conditioners and compressors tailored to the needs of Indian consumers.

By investing in local production capabilities, Mitsubishi Electric India Private Limited seeks to strengthen its market presence and cater to the surging demand for energy-efficient cooling solutions in India. Moreover, the project is poised to generate employment opportunities and contribute to the socioeconomic development of the region.

Overall, the Air Conditioners & Compressors Unit Project by Mitsubishi Electric India Private Limited underscores the company's commitment to driving sustainable growth and enhancing comfort and convenience for consumers across India.

News by Rahul Yelligetti

Source : Projxnews