Mitsubishi Electric Plans CAPEX Investment to Expand India’s CNC Market

Mitsubishi Electric is gearing up for capital expenditure (CAPEX) investment in India’s CNC (Computer Numerical Control) market as it looks to expand its presence in the country. While details of the investment remain undisclosed, Masaya Takeda, General Manager of CNC Systems, highlighted the company’s strong growth trajectory, having tripled its business in India since 2019.

Takeda pointed to India's rising importance in global manufacturing, with increasing domestic and export demand driven by lower production costs and government policies that position the country as a viable alternative to China. While India’s CNC demand currently lags behind China and the US, its contribution to the global market is expected to rise significantly in the coming years.

India’s machine tools industry is expanding at an annual rate of 20%, with CNC adoption accelerating, particularly post-Covid. While automotive manufacturing remains the key driver, Takeda expects growing demand across industries such as general engineering, medical, agriculture, and consumer products. “Post-Covid, demand in the medical sector has surged, with our CNCs widely used for applications like syringes and orthopedic implants,” he said.

Mitsubishi Electric also aims to strengthen its footprint in India by catering to local original equipment manufacturers (OEMs) that serve both domestic and global markets. The company is focusing on localisation as a key strategy for long-term growth.

HBL