Mitsubishi Electric India bets big on transportation systems business

The firm is targeting an annual revenue of Rs 1,097 crore

Mitsubishi Electric India is targeting an annual revenue of $170 million (approximately Rs 1,097 crore) from transportation systems in India by 2020. 

The firm’s plant at Bidadi, near Bengaluru, opened in November 2015, will assemble electrical propulsion equipment for rolling stock under a plan to expand Mitsubishi Electric India’s transportation-systems business.  A technical centre, aimed at providing support for Mitsubishi Electric CNC’s business in India, was opened in Peenya, Bengaluru, in May last year. The facility will have assembly, repair, warehouse, training and back office functions under one roof.

According to Rajeev Sharma, head-corporate services and strategic planning, Mitsubishi