Japan-based Nidec has proposed an additional 20 Acres expansion in the Hubli-Dharwad industrial area, Karnataka. The estimated investment for the expansion is 150 INR-Crore. This project is part of Nidec’s Motion & Energy segment and is set to generate over 800 jobs.
This new development will add to the existing 30 Acres plot, bringing the total to 50 Acres for which Nidec had previously invested 450 INR-Crore. Construction for the 30 Acres plot began in April 2024 and is anticipated to be completed by March 2025. The state-of-the-art facility will feature six factories, dedicated to manufacturing alternators, motors, system solutions, and drives. These products will serve crucial sectors such as data centers, electric vehicles (EVs), and elevators.
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Moreover, commercial production is expected to commence by October 2025. Spanning a grand 62,000 SqM, this project will significantly enhance Nidec’s presence in India. It will also support vital industries like renewable energy and industrial automation.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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