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Mitsuba Corporation ( (JP:7280) ) has issued an update.
Mitsuba Corporation has announced the establishment of a wholly-owned subsidiary in Chennai, India, as part of its strategic expansion in the country. This move aligns with India’s ‘Make in India’ initiative, aiming to enhance local production and supply chains. The new subsidiary, Mitsuba India R&D Pvt. Ltd., will focus on developing and marketing automotive and electrical components, contributing to the company’s growth and competitiveness in the medium to long term.
The most recent analyst rating on (JP:7280) stock is a Hold with a Yen999.00 price target. To see the full list of analyst forecasts on Mitsuba Corporation stock, see the JP:7280 Stock Forecast page.
More about Mitsuba Corporation
Mitsuba Corporation operates in the automotive industry, focusing on the development and marketing of automotive and general-purpose electrical components. The company is listed on the Prime Market of the Tokyo Stock Exchange and is expanding its market presence in strategic regions like India.
Average Trading Volume: 114,542
Technical Sentiment Signal: Buy
Current Market Cap: Yen43.2B
See more data about 7280 stock on TipRanks’ Stock Analysis page.