Mitsubishi Electric to set new factory in Chennai
Japanese multinational electronics and electrical equipment manufacturing company Mitsubishi Electric has signed an agreement with Mahindra Industrial Park Chennai (MIPCL) to set up its plant spread over 52 acres at Origins by Mahindra, Chennai. The firm will be investing over Rs 1,819 crore to set up an air-conditioners and compressors manufacturing factory.
The facility, set to become operational in October 2025, will have a production capacity of 300,000 units of room air conditioners and 650,000 units of compressors. With the Mitsubishi Electric pact, around 65 percent of the first phase of Origins in Chennai has been leased out.
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