Mitsubishi not aiming to enter India

Mitsubishi not aiming to enter India

Hardware, Information Technology, Software

Mitsubishi Electric India has been in the country for quite a while. The brand is now recognized as one of the leading manufacturers and marketing as well. The company claims to state that it has over a hundred years of experience in providing high-quality products and it has good marks all over the 48 countries with a turnover of around USD 37.8 billion. The company offers a wide range of innovative and high-quality products which include the product solution for air conditioners factory automation and certain industrial systems including the semiconductor and devices transfer transportation systems as well as visual and imaging. The company has a widespread presence in India and is a global leader in the electric and electronic market segment. The CEO of the company stated that this electric company wants to concentrate on providing parts to other electric vehicle manufacturers along with their regular business of air-conditional and other types of equipment rather than entering the electric vehicle space in India. The size of the Indian economy and population and unitary high growth make this country are very important to market in the future for each and every multinational company. But the company is now evening at expanding its business and focusing on one market segment rather than having its components supplier manufacturer and retail outlet. The company feels it strong presence globally and the company is a global electric and electronic company and it has its operation all across the globe the company clearly stated that it has no plans to enter the electric vehicles price in India it has its full concentration in delivering excellent services through air conditioner and other types of equipment.