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An Indian subsidiary of Mitsubishi Electric Corporation has opened a factory for transportation system in Bidadi near Bengaluru.
The company said in a press release that Mitsubishi Electric India Pvt Ltd (MEI) is targeting transportation systems annual revenue of USD 170 million in the country by fiscal 2020, in part by strengthening sales and maintenance services for subways and trains to meet the growing global demand for transportation infrastructure.
The factory will be assembling electrical propulsion equipment for rolling stock under a plan to expand Mitsubishi Electric’s transportation systems business in the Indian market.
In India, this is the third manufacturing facility of Mitsubishi Electrics.
