KYOTO, Japan -- Japan's Nidec plans to expand its presence in India's electric vehicle market by producing motors for electric motorbikes there as EV products become more affordable in the giant country.
Nidec will invest 10 billion yen ($78 million) to build a new building at its existing plant for motors for home appliances and automobiles, and plans to produce more than 1 million units per year by 2025. The company has also begun production in China, another of the world's leading motorbike markets. These preparations are part of Nidec's expansion in the production of motors for electric vehicles in general, which the company views as a priority.
