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 market. Initial annual capacity will total 300,000 room air conditioner outdoor units and, beginning in December 2025, 650,000 compressors.
The demand to replace older air conditioning and refrigeration systems with newer models is expected to continue growing as consumers and companies shift to energy-saving and low-GWP refrigerants. [Read more…] about Mitsubishi Electric to invest $223 million to build new factory in India