Mitsubishi Electric Corporation (Japan) Thursday launched the sub assembly of A&D inverters in India. With this initiative Mitsubishi plans to increase its market share up to 15 pc by FY 15 from the present automation market share of 10 pc in India.Mitsubishi Electric has the global footprint across 35 countries which include 17 global and 2 Indian Factory Automation Centre with 5 world class R&D Centres.
To support and enhance the inverter business, Mitsubishi Electric India (MEI) has already started sub assembly of inverters from February 2013 in Pune. As a part of first phase of its venture, MEI will manufacture micro drives up to 7.5kW and will manufacture drives up to 15kW over the period. The products under focus here are FR-A 700 and FR-E700.
Speaking on the launch Hideyuki Ohkubo, Executive Officer, Group President of Mitsubishi Electric India said, “We already are an established brand in India with our presence since 1995 providing low voltage drives for market right from 0.4 kW to 500 kW for established business sector like plastic, textile, pharmacy and automobile industry. Keeping in mind the increasing demand of the product in India, which was earlier imported, we are excited to assemble it here.”
The area for the sub assembly of inverters is approximately 1000 sq.ft. which is estimated to manufacture 40000 units over the period. Mitsubishi Electric India targets to manufacture 1,50,000 units in the next 3 years with an investment of INR 150 million.
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