KYOTO, Japan -- Nidec will set up a factory for automotive-use motors in India at an investment of around 10 billion yen ($66.4 million), Nikkei has learned.
Automobiles
Japan's Nidec to build $66m automotive motor plant in India
Company targets electrical components to capture demand in world's 3rd-largest auto market
India was the world's third-largest auto market in 2023, trailing only China and the U.S. © Reuters
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