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Mitsubishi Electric launches the sub-assembly of A&D inverters in India

Tags: franchise, business, entrepreneur

March 07, 2013  |  Comments ( 1 )   |   Views ( 2888 )   |   

 

Mitsubishi Electric Corporation (Japan), a leader in research, manufacturing and marketing of electronic equipment, has launched the sub-assembly of A&D inverters in India.
With this, Mitsubishi plans to increase its market share up to 15% by FY15 from the present share of 10% in India.
Mitsubishi Electric has the global footprint across 35 countries, which includes 17 global and two Indian Factory Automation Centres with five R&D centres. Yearly spend of Mitsubishi on R&D is 5% of its turnover ($44 billion), which is used for the development of Mitsubishi Electric's products/solutions, the company said in a statement.
Speaking on the occasion was Mr. Sumit Sinha, General Manager of Mitsubishi Electric India Pvt. Ltd.

 

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