Nidec India Precision Tools Starts New Factory
Nidec Machine Tool Corp has unveiled intentions to build a new plant for its cutting tool manufacturer and seller, Nidec India Precision Tools Ltd, in Ranipet, Tamil Nadu, India.
The plant began its production on July 1, 2023, and specializes in making hob cutters, pinion cutters, and other cutting tools, with a production capacity 1.5 times greater than the current capacity. With this new plant, Nidec expects to offer its goods to fulfill the different needs of car makers and suppliers in the region due to its strategic location near Chennai and Bengaluru, where the country’s automotive industry is centered.
The company intends to respond to the expanding demand for automotive components as India predicts sustained annual growth in vehicle unit sales and an increased need for transmissions.