Nidec expands Hubli-Dharwad facility with ₹150 crore investment

Nidec will invest ₹150 crore to expand its Hubli-Dharwad facility in Karnataka, India, by 20 acres, adding to a previously planned 30-acre site. The 50-acre facility will host six factories manufacturing alternators, motors, and drives, creating over 800 jobs. Construction began in April 2024, with commercial production expected by October 2025.

“Nidec’s commitment to Karnataka is very encouraging, and we are confident in the company’s continued growth in the state.”thehindubusinessline.com

• 2 sources
• thehindubusinessline.comNidec expands Hubli-Dharwad facility with ₹150 crore investment - The HinduBusinessLineBL Bengaluru BureauSep 12, 2024
• themachinemaker.comNidec to Invest ₹150 Crore to Expand Hubli-Dharwad Facility | Machine Maker - Latest Manufacturing News | Indian Manufacturing News - Latest Manufacturing News | Indian Manufacturing News - Machine MakerMM DeskSep 14, 2024

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