Nidec India Non-public Restricted (“Nidec India” or the “Firm”), a subsidiary of Nidec Company, introduced in the present day that it has held a groundbreaking ceremony for a brand new (third) constructing of its current manufacturing facility in Neemrana, Rajasthan within the Republic of India (“India”)
Nidec India Non-public Restricted (“Nidec India” or the “Firm”), a subsidiary of Nidec Company, introduced in the present day that it has held a groundbreaking ceremony for a brand new (third) constructing of its current manufacturing facility in Neemrana, Rajasthan within the Republic of India (“India”).
1. Outlook of the groundbreaking ceremony
Time & date: 10:30 – 12:00 on Monday, Might 19, 2025 native time
Place: Neemrana, Rajasthan, India
Primary attendees included:
Mr. Mitsuya Kishida: Consultant Director, President and CEO, Nidec Company
Mr. Keiji Oshima: Managing Director, Nidec India Pvt. Ltd.
H.E Keiichi Ono: Japanese Embassy Ambassador of Japan to India
MRS. Shivangi Swarnkar Managing Director, Riico
Mr. Okay. Karthikeyen: Vice President, Make investments India
Mr. Takashi Suzuki: Chief Director Normal, JETRO India
Enterprise Companions
2. Background & idea behind the development of a brand new manufacturing facility constructing
Nidec India produces motors for air conditioners within the first constructing of its current manufacturing facility, and drive motors for electrical bikes within the manufacturing facility’s second constructing. Within the manufacturing facility’s third constructing to be newly constructed, the Firm plans to supply automotive motors for digital energy steering motor energy packs*, park lock actuators, electrical water pumps, and different merchandise with an estimated funding of roughly 10 billion yen. The primary constructing can be a devoted plant for residence equipment and air con motors.
With the middle-class revenue rising amid its speedy financial development in recent times, India witnessed its home passenger automobile gross sales surpass 4 million (on a cargo foundation) for the primary time in FY2023, reaching a record-high quantity because the nation enjoys a sustainable financial growth. Within the meantime, nonetheless, the penetration fee of passenger playing cards stays 10% or much less in India, indicating a possible excessive development sooner or later.
Underneath these circumstances, as Japanese and different nations’ automobile producers speed up their tempo of coming into into India, Nidec India has determined to construct a brand new constructing for the aim of increasing its manufacturing facility’s manufacturing capability to fulfill the rising calls for for automotive motors.
3. Outlook of Nidec India’s third constructing
(1) Title: Nidec India Non-public Restricted
(2) Enterprise: Manufacturing and sale of automotive motors for digital energy steering motor energy packs, park lock actuators, electrical water pumps, and different merchandise
(3) Development website: Neemrana, Rajasthan (app. 120km southwest of the capital of New Delhi)
(4) Measurement of workforce: 600 individuals in whole
(5) Complete ground space: 27,767m2
(6) Completion of development: September 2026 (plan)
*Energy pack: A collective time period for merchandise that comprise a motor and an digital management unit (ECU)
SOURCE: Nidec
