Mitsubishi Electric India (MEI) has begun assembly of inverters for industrial and building applications at Pune. The facility will cater to requirements in India initially, and for export to South-East Asian markets, subsequently. The company has also set up an India Development Centre to support development of products such as programmable logic controllers, human machine interfaces and servo drivers that will be manufactured at one of three locations globally. Hideyuki Ohkubu, Executive Officer, Group President, Mitsubishi Electric Corporation, said the company will make India-specific as well as global market products here, and help set up a base for exports.
Mitsubishi has been in India since 1995 and been providing imported low voltage drives from 0.4 kW to 630 kW to industry sectors such as plastic, textile, pharmacy and automobile. The Pune facility has involved an investment of Rs 15 crore and will make 40,000 units in the first year, and scale it up to 150,000 units in phases over the next two to three years. The capacity will range from 3.75 kW to 15 kW. The factory automation business is currently around Rs 250 crore and will treble and garner a market share in India of around 15 per cent by 2015-16, said Sumit Sinha, Strategic Planning, MEI Pvt Ltd.
-Hindu Business Line