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TOKYO– Auto costs will certainly be up to below$3,000 each, developing brand-new demand in India, Africa and the Middle East, said Shigenobu Nagamori, chairman and Chief Executive Officer of the world’s largest motor maker Nidec, on Monday.
Last year, Nidec was hit by a dive in demand for auto-related elements as the pandemic closed down auto plants, bringing manufacturing of components to a stop. A recuperation in automobile outcome later on in the year and surging demand for
notebook computer systems as well as home appliances have boosted need for Nidec’s tiny motors.