Mahindra Industrial Park Chennai (MIPCL), a joint venture between Mahindra World City Developers and Sumitomo Corporation of Japan, has signed a lease agreement with Mitsubishi Electric India (Mitsubishi Electric), to set up a plant to manufacture air-conditioners and compressors. The plant will be spread across 52 acres at Origins by Mahindra, in Chennai.
The new factory will be Mitsubishi Electric’s first air-conditioner and compressor manufacturing facility in India. The unit will cater to the growing air conditioner demand in the domestic market and is expected to begin operations by October 2025. With an investment of about $222 million, the plant will help Mitsubishi Electric achieve an annual production capability of 300,000 units of room air-conditioners and 650,000 compressors, once fully operational.
