Japanese electric motor company Nidec Corporation is optimistic about business opportunities in India and plans to build additional manufacturing plants there by 2025 to meet rising demand. Nidec president Hiroshi Kobe said the company may construct more facilities in India, aiming to capitalize on growing demand for electric motorcycles, air conditioners, and other electronic devices.
In December 2022, Nidec opened a new second building at its existing factory in Neeramana, Rajasthan. The first building produces motors for automotive, appliance, commercial and industrial applications, while the new building will manufacture drive motors for electric motorbikes up to 30kW output. This comes after Nidec broke ground in September 2022 on a $55 million manufacturing project in Hubli-Dharwad, Karnataka.
According to a Japan Bank for International Cooperation (JBIC) survey, Japanese companies view India as the most favorable overseas destination for investment for the second straight year. 48.6% of respondents expressed optimism about India, versus 30.1% for Vietnam and 28.4% for China – the lowest figure for China since the survey began in 1992.
JBIC’s Nao Kawakami cited India’s infrastructure development push and rising population driving opportunities for domestic demand growth as reasons for Japan-based companies’ positive outlook. JBIC’s Shinichi Itagaki added that deteriorating investment environments in China contributed to India’s strong performance in the survey.
Nidec’s expansion follows groundbreakings on new Indian production facilities over the past year, as the company looks to capitalize on favorable market conditions.
Last updated: December 26th, 2025
