Nidec India Private Limited, a wholly-owned subsidiary of Japan-based Nidec Corporation, went on stream with its new manufacturing facility in Sri City recently.
This marked a significant milestone in Sri City’s evolution as a major hub for air conditioners (AC) manufacturing in India.
As per a release from Sri city this facility, situated in Sri City’s Domestic Tariff Zone (DTZ), will go for mass production in January 2025.
The company has made an initial investment of approximately Rs. 50 crore and looks to create around 200 jobs. The plant will manufacture air conditioning motors with an annual capacity of 6 million.
This unit will support all leading AC brands such as Daikin, Amber, Voltas, and Havells, amplifying the local supply chain and manufacturing ecosystem, said Mr. Keiji Oshima, Managing Director of Nidec India.
Mr. Takahashi Muneo, Consulate General of Japan in Chennai, congratulated Nidec India on selecting Sri City for their new plant and praised it as one of India’s premier business locations, especially for Japanese investments, highlighting its secure environment for expatriates.
Mr. Hiroshi Kobe, Founding Member & Chairman of Nidec, emphasised that the new facility underscores Nidec’s dedication to the Indian market and the region’s demand for high-quality motors for home appliances.
“We’re proud to partner with Sri City and be part of its thriving industrial community,” he remarked.
He also expressed appreciation to the AP Government and the District Collector for their continued support, crediting the state’s pro-investment policies and infrastructure growth as key drivers behind Nidec’s expansion in India.
Dr. S. Venkateswar, Collector & District Magistrate of Tirupati District expressed confidence in Tirupati district’s growth into an electronics hub, crediting the AP government’s visionary leadership and investor-friendly policies.
Sri City’s Founder and MD, Dr. Ravindra Sannareddy, said Nidec’s investment strengthens our vision to make Sri City a leader in AC manufacturing.
With top-tier AC brands and component suppliers co-located here, we anticipate Sri City will soon contribute to over half of India’s AC production, said Mr Sannareddy.
