Mitsubishi Electric India Pvt. Ltd. - Experts & Thought Leaders

Mitsubishi Electric Corporation announced that its wholly owned subsidiary, Mitsubishi Electric India Pvt Ltd., will acquire a stake in Indian software startup Gervigreind Data Science Pvt. Ltd. (doing business as "Itanta Analytics") to jointly develop and sell no-code data analysis and report generation applications. Under a collaboration agreement, Mitsubishi Electric plans to strengthen its FA digital solutions business and contribute to the digitalization of manufacturing sites by combining its factory automation (FA) equipment and FA solution software with its new partner's cost- and time-saving applications. SCADA software Specifically, the applications will be combined with Mitsubishi Electric's FA equipment and GENESIS64TM, a supervisory control and data acquisition (SCADA) software developed by ICONICS, Inc., a wholly owned U.S. subsidiary of Mitsubishi Electric. The goal is to realize digital solutions using systems developed through simple no-code engineering. Leveraging its partner's extensive application expertise, Mitsubishi Electric plans to further grow its FA digital solutions business globally. Digital technology and data FA systems business is investing in and cooperating with software companies to strengthen automation As Mitsubishi Electric strives to accelerate its transformation into a "Circular Digital-Engineering" company, its FA systems business is investing in and cooperating with software companies to strengthen automation and digitalization in diverse manufacturing processes, including design, manufacturing, testing, operation, and maintenance, ultimately to provide customers with best-in-class products and solutions. In recent years, the manufacturing sector has faced challenges such as rising capital and labor costs, diversifying customer needs, and the need for further productivity improvements. In response, manufacturers are increasingly using digital technology and data. work efficiency In particular, to reduce labor-intensive system-construction tasks and time, manufacturers are seeking development environments that are easy to build and do not require complex programming. In India, where manufacturers are experiencing high growth supported by government policies, but also rising labor costs and a shortage of available labor, there is a strong demand for software, such as data analysis tools, which can be easily implemented to improve work efficiency. open innovation Going forward, Mitsubishi Electric is committed to promoting open innovation by collaborating with innovative companies and cutting-edge technologies. Through diverse partnerships, the company is pursuing powerful solutions and continuous advancement to address the challenges faced by manufacturers.

Mitsubishi Electric Corporation announced that it will invest some 26.7 billion yen (about US$ 222.5 million) in its subsidiary company - Mitsubishi Electric India Pvt. Ltd. to establish a factory for the production of room air conditioners and compressors in India. Local production, targeted to start in October 2025, is expected to help the company meet growing demand in the Indian market. Initial annual capacity will total 300,000 room air conditioner outdoor units and, beginning in December 2025, 650,000 compressors. The demand to replace older air conditioning and refrigeration systems with newer models is expected to continue growing as consumers and companies shift to energy-saving and low-GWP refrigerants. Mitsubishi Electric’s Advance & Innovation 2025 strategy The company is accelerating its launch of high-performance, energy-saving and environmentally friendly products Mitsubishi Electric’s Advance & Innovation 2025 strategy, introduced in November 2021, is targeting sales of air conditioning and refrigeration systems worth 1.26 trillion yen (about US$ 10.5 billion) and operating profit of 12% by the fiscal year ending March 2026. Under the strategy, the company is accelerating its launch of high-performance, energy-saving and environmentally friendly products, in order to offer natural refrigerants that meet local needs, expand production for stable product supply and shorter lead times, and introduce lifecycle solutions encompassing sales, service, facility management and product recycling. High investments in Mitsubishi Electric’s global facilities Mitsubishi Electric expects to invest some 180 billion yen (about US$ 1.5 billion) in related facilities worldwide, including Europe and the United States of America (USA), over a five-year period ending in March 2026. Mitsubishi Electric’s air conditioning and refrigeration systems business in India began with the establishment of Mitsubishi Electric India Pvt. Ltd. to start importing and selling products in 2010. Thereafter, the company grew the business by expanding its sales channels and establishing a market position as a premium brand supplying a wide variety of high-quality, high-performance products. Mitsubishi Electric’s new India factory The new 88,000 square-meter factory will be built on a 210,000 square-meter site in Tamil Nadu The new 88,000 square-meter factory will be built on a 210,000 square-meter site in Tamil Nadu in southern India. The facility is expected to strongly support Mitsubishi Electric’s stable product supply as the Indian market continues to grow, due to its increasing population and expanding economy. It also will strengthen development capabilities to meet local demands and provide product lifecycle solutions incorporating air conditioning and refrigeration equipment. Implement various initiatives for carbon neutrality The factory will implement various initiatives for carbon neutrality, including the minimization of carbon dioxide emissions through enhanced thermal insulation and the use of highly efficient air conditioning and heated-water systems, and LED lighting. Furthermore, it will meet sustainable development goals (SDGs) through measures such as re-using wastewater through underground filtration treatment and site greening.