Nidec Corporation has announced that it plans to build five new plants in India around 2023 to produce motors for automobiles and home appliances.
Nidec analysts believe that as the economy continues to grow, India, with a large population, will increase its demand for home appliances and automobiles in the future and decided to increase its production base in the Indian market. The specific site selection and investment scale of the new plant will be discussed in the future.
It is understood that Nippon Denshi has just announced on June 4 that it will invest approximately 10 billion yen (approximately RMB 600 million) to build a new motor factory in the industrial park in Rajasthan, western India. The factory will become its first production site in India. The new plant is scheduled to be put into production in April 2014 and is likely to be exported to the Middle East and other regions.
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