Nidec’s Motion & Energy India holds a “Groundbreaking Ceremony” of its greenfield project in Karnataka India, plans to invest Rs 450 Cr ($55M)
‘India for India’ and ‘India for Export’ strategy.”
Bangalore: Nidec Corporation is the world’s leading electric motor manufacturer, with over 340 group companies and 1 lac employees worldwide. The company recorded $17B in sales last year
Nidec’s Motion & Energy Business Unit marked a significant milestone with a Groundbreaking Ceremony for an ambitious project in India at the Kotur-Belur Industrial area of Hubli-Dharwad, Karnataka.
Nidec has a robust Indian manufacturing presence with seven manufacturing bases in operation today.
The eighth facility will be Nidec’s largest in India, with the campus spread over 30 acres of land.
This new state-of-the-art campus will house six plants to serve different segments within Motion & Energy, and will utilize advanced equipment, automation and Nidec’s 3Q6S lean manufacturing processes to ensure every unit manufactured is the best in class to support customers and partners in the region. Further, our goal is to enable the campus to become carbon neutral by 2028 utilizing many of the prevailing technologies that currently exist within Nidec.
The company plans to manufacture a wide range of motors, generators, drives, and system solutions to become the undisputed India market leader in segments including renewable energy, data center, industrial, infrastructure, and electric vehicle (EV).
Speaking at the Groundbreaking event, Nidec Motion & Energy President Michael Briggs expressed his enthusiasm, describing the occasion as a historic event for the company.
“This is a historic day for all of us at Nidec, and we are highly excited about this project. Our global investments always have been thoughtful and strategic, and investment in India has not been an exception.
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