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.
Automobiles
Japan's Nidec to spend $78m to expand EV motor production in India
Company aims to benefit from growing markets for electric motorbikes across Asia
The total floor area of Nidec's plant in western Rajasthan will be expanded to approximately 16,000 sq. meters, double the current size. (Source photo by Ryosuke Hanada, and courtesy of Nidec)
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