Question

Mitsubishi Electric India Pvt. Ltd. will set up a _____ plant to manufacture air-conditioners and compressors at ‘Origins by Mahindra,’ an industrial park in Tamil Nadu.

A $222 million Correct Answer Incorrect Answer
B $230 million Correct Answer Incorrect Answer
C $245 million Correct Answer Incorrect Answer
D $263 million Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Mitsubishi Electric India Pvt. Ltd. will set up a $222 million plant to manufacture air-conditioners and compressors at ‘Origins by Mahindra,’ an industrial park in Tamil Nadu. The plant will be Mitsubishi Electric’s first AC and compressor manufacturing facility in India and is expected to begin operations by October 2025.  Once fully operational, it will enable Mitsubishi Electric to achieve an annual production capability of 3 lakh units of room ACs and 6.5 lakh units of compressors.The new facility is expected to strongly support stable product supply as the Indian market continues to grow due to its increasing population and expanding economy.

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