Tata Hitachi to prioritise localisation in FY25
Equipment

Tata Hitachi to prioritise localisation in FY25

Tata Hitachi Construction Machinery announced a Rs 200 crore investment in its manufacturing facilities to enhance quality, innovation, and localisation. The company, a joint venture between Tata and Japan's Hitachi, aims to increase localisation levels to 70% within the next two to three years, according to Managing Director Sandeep Singh.

The investment will bolster operations at Tata Hitachi's plants in Kharagpur, West Bengal, and Dharwad, Karnataka. This initiative underscores their commitment to innovation and achieving self-reliance (Atmanirbharta) in manufacturing. Singh highlighted plans to introduce 60-tonne dump trucks in India, leveraging technology from Hitachi Canada for the mining sector.

"With a cumulative capital expenditure of Rs 2,000 crore, including our Kharagpur plant, which is Southeast Asia's largest excavator facility, we are positioning ourselves for sustained growth and technological leadership," Singh noted.

Celebrating 40 years of partnership between Tata and Hitachi, Singh emphasized that localization remains crucial for cost efficiency. Despite challenges from Chinese imports, the company aims for an 8% revenue growth, building on last fiscal year's revenue of approximately Rs 5,000 crore, with plants operating at 75-80% capacity.

Singh expressed optimism regarding the Union budget's potential to boost infrastructure development, which is expected to drive demand for construction equipment in the latter half of the year.

Tata Hitachi Construction Machinery announced a Rs 200 crore investment in its manufacturing facilities to enhance quality, innovation, and localisation. The company, a joint venture between Tata and Japan's Hitachi, aims to increase localisation levels to 70% within the next two to three years, according to Managing Director Sandeep Singh.The investment will bolster operations at Tata Hitachi's plants in Kharagpur, West Bengal, and Dharwad, Karnataka. This initiative underscores their commitment to innovation and achieving self-reliance (Atmanirbharta) in manufacturing. Singh highlighted plans to introduce 60-tonne dump trucks in India, leveraging technology from Hitachi Canada for the mining sector.With a cumulative capital expenditure of Rs 2,000 crore, including our Kharagpur plant, which is Southeast Asia's largest excavator facility, we are positioning ourselves for sustained growth and technological leadership, Singh noted.Celebrating 40 years of partnership between Tata and Hitachi, Singh emphasized that localization remains crucial for cost efficiency. Despite challenges from Chinese imports, the company aims for an 8% revenue growth, building on last fiscal year's revenue of approximately Rs 5,000 crore, with plants operating at 75-80% capacity.Singh expressed optimism regarding the Union budget's potential to boost infrastructure development, which is expected to drive demand for construction equipment in the latter half of the year.

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?