Hitachi aims double revenues by 2015; plans manufacturing units

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hitachi1February 17, 2015: Hitachi, the Japanese technology company has announced its plans to double its revenue from the Indian market with a keen focus on the government’s initiative of ‘Make in India’. The company aims to take its revenues to 210 billion yen by 2015 up from 100 billion yen in 2014.
Moreover, the company to boost its business aims to open an auto component plant by 2016 in Chennai, along with an industrial chemicals and high-end material units each.

Hitachi has been operational in India since 1935.

Hitachi’s Indian operations currently contribute only one per cent of the business with 31 business bases and a work force of 10,000 in the country.
In healthcare sector, Hitachi in India already deals in products including advanced medical devices, including MRI and ultrasound diagnostic equipments. The company plans to expand this range to complete healthcare service including the check-up, diagnostic and treatment devices.
While in elevators and escalators, the demand for which is expanding looking at the urbanisation, Hitachi will roll out India specific products.
Moreover, Hitachi will also aim to product rail products within India by collaborating with Indian companies.