Hirose Electric Co., Ltd. (HROEY,6806.T), a Japanese maker of electric connectors and others, said on Wednesday that it will establish a new manufacturing site, Hirose Electric Chennai Private Limited, in Chennai, India.
With an initial investment of around JPY 1 billion, this facility will strengthen the company's automotive business in the Indian market, where significant economic growth is anticipated.
The new automotive connector manufacturing plant is scheduled to start partial operations in the summer of 2027.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.