Tag: yen

  • Mitsubishi Electric to invest $223 million to build new factory in India

    Mitsubishi Electric to invest $223 million to build new factory in India

    Mitsubishi Electric says it will invest approximately 26.7 billion yen (about $222.5 million), in its subsidiary company Mitsubishi Electric India 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…