Latest news with #TataHitachi
Time of India
2 days ago
- Business
- Time of India
Tata Hitachi eyes ₹5,500 crore in FY26 revenue
New Delhi: Tata Hitachi Construction Machinery is looking at about 5 per cent year-on-year revenue growth in FY26 amid muted industry growth expectations, said a top company official. The firm is a 40:60 joint venture between Tata Motors (40 per cent) and Hitachi Construction Machinery of Japan (60 per cent). 'Our revenue target is around ₹5,500 crore in the current fiscal,' Managing Director Sandeep Singh, told ETAuto. In FY24, Tata Hitachi posted revenue of about ₹5,000 crore, which rose to roughly ₹5,300 crore in FY25. The firm operates two manufacturing plants– in Dharwad, Karnataka, and Kharagpur, West Bengal. The Dharwad facility produces excavators ranging from 2 to 20 tonnes, along with backhoe loaders, while Kharagpur handles larger excavators from 20 to 120 tonnes and wheel loaders of 3 and 5 tonnes. Even as the combined production capacity stands at about 11,000 units a year, roughly 7,000 units in Dharwad and 4,000 in Kharagpur, the value output of each plant is similar, with an average equipment price exceeding ₹60 lakh. The company is also planning to expand its heavy equipment portfolio. 'We plan to invest about ₹150 crore this year, with a bulk of spending directed towards expanding heavy mining equipment ,' he added. The rest will be deployed primarily to replace and upgrade older equipment. The investment also includes setting up a spare parts warehouse on the 250-acre site in Kharagpur, at a cost of roughly ₹50 crore. The new facility will enable the company to shut its long-standing rented warehouse in Nagpur, which has been in operation for over two decades. Tata Hitachi is placing increased emphasis on heavy mining equipment, with excavators from 47 to 120 tonnes and plans to produce dump trucks, starting with 60-tonne models and scaling up to 190 tonnes. Also Read: New Bill to boost construction equipment industry on the cards: Gadkari Demand estimates In FY25, the Indian CE industry's total sales rose to just about 1.40 lakh units from 1.35 lakh units in FY24, owing to delayed infrastructure projects following elections. From January this year, India implemented Euro-V emission norms for the sector, triggering a price increase. Owing to the impact of new regulatory norms and a broader market slowdown, Singh expects industry volumes to touch around 1.5 lakh units this year, with Tata Hitachi's addressable segment accounting for about 90,000 units. This aligns with ICRA's forecast of a muted 2-5 per cent YoY growth for the Indian mining and construction equipment industry in FY26, translating to volumes of 1.43-1.47 lakh units. However, for the long term, Singh remains optimistic about the ongoing urban development projects and the rapid expansion of expressways as positive drivers for the industry. In the near term, Tata Hitachi's priority is to maintain its leadership in the excavator segment while expanding its footprint in the mining sector. The MD noted that the company has achieved a localisation level of around 60 per cent, with some products reaching up to 70 per cent. The remaining 30-40 per cent of components are sourced primarily from Japan and Korea, including hydraulics, controllers, control valves, undercarriage systems, and electronics. On the exports front, the company currently serves the Middle East and Africa from its Indian operations, while several other global markets are supplied by plants in the Netherlands, China, Indonesia and Russia. Read more: JCB India sees better H2, braces itself for US tariff challenge India to rise up Tata Hitachi expects India to become the world's second-largest construction equipment market by 2030, overtaking China and trailing only the US. The country is currently the third largest. With demand in its home market slowing, Chinese manufacturers are increasingly dumping equipment into India. Import duties on such machinery range from 2.5 per cent to 7.5 per cent, depending on the type, with certain infrastructure-related equipment attracting up to 25 per cent. Unlike the automobile sector, there are fewer restrictions on such imports. Singh noted that the industry is engaging with the government to address the issue, citing concerns over product quality.
Time of India
10-07-2025
- Business
- Time of India
1st time in her 14 years as CM, a Tata Group chairman calls on Mamata Banerjee
KOLKATA: chairman came down to Nabanna on Wednesday to meet - the first time a Tata Group chairman has done so in her 14-year tenure as West Bengal CM - to discuss future investment in the state. Tired of too many ads? go ad free now Chandrasekaran met Banerjee for about an hour at the latter's 14th-floor office, also marking the first face-to-face conversation between a Bengal CM and the Tata Group's senior-most executive since the group's forced exit from Bengal in 2008 amid the tumultuous Singur agitation (which was led by Banerjee, then the state's principal opposition leader). The Tata Group has a strong presence in Bengal through multiple entities - like , Tata Hitachi, and Tata Global Beverages (formerly Tata Tea). There was no official communication from the administration on the subject of Wednesday's meeting but Nabanna seniors said it revolved around the availability of large land parcels in the state. Another topic that the discussion might have explored was the possibility of a direct Air India flight to Europe, they added. Chandrasekaran holds the post once held by for close to two decades, and then by Cyrus Mistry. Banerjee has never met either Tata or Mistry after taking over as Bengal CM. The Tata Group (and ) chairman was accompanied by Confederation of Indian Industry director-general Chandrajit Banerjee. State chief secretary Manoj Pant, too, was present. Chandrasekaran left the city after the meeting, officials said.
India Gazette
23-06-2025
- Business
- India Gazette
Hitachi Construction Machinery places India at core of its global strategy
Tokyo [Japan], June 23 (ANI): Toru Takatani, President of the Global Marketing Group at Hitachi Construction Machinery, shared deep insights into the company's longstanding partnership with India and its global vision for the future. Hitachi Construction Machinery, a global leader in the construction equipment sector, especially hydraulic excavators, has been a key player in shaping infrastructure projects across continents. The company's India journey began in 1984, when it initiated a technological collaboration with the Tata Group. This strategic alliance introduced advanced Japanese welding and machine processing technologies to the Indian landscape. What started as a partnership has now evolved into TATA Hitachi Construction Machinery, a flagship brand with manufacturing units in Kharagpur and Dharwad, and a national headquarters in Bangalore. The Bangalore HQ not only handles sales and service operations across the country but also supports a vast fleet of over 40,000 Hitachi machines currently in use throughout India. President Takatani drew a compelling comparison between Japan and India to highlight market potential. 'Japan, with a population of 120 million, has a construction machinery demand of about 22,000 units annually,' he said. 'India, on the other hand, has a population of 1.4 billion but the machinery demand stands at only 27,000 units. The gap shows massive potential for growth.' One of Tata Hitachi's proudest innovations is its unique 'ConSite' system--short for Consolidated Solution for Construction Sites. This digital platform integrates GPS and sensor technology to monitor machine conditions in real time. Through PCs or smartphones, machine status--including operational data, oil levels, and damage reports--can be remotely accessed. Interestingly, President Takatani highlighted that the implementation of ConSite in India was smoother than in many other countries, praising India's robust digital ecosystem. 'This is proof that India is truly an IT Kingdom,' he remarked. Beyond domestic operations, Tata Hitachi's facilities in India serve as a major export hub. Machines tailored for the diverse needs of 15 countries--including those in Southeast Asia, Africa, and the Middle East--are manufactured in India and shipped globally. Recognising India's engineering talent, Hitachi Construction Machinery has established a Research & Development Centre in India. The centre is expected to house 200 engineers, focusing on developing products not just for India, but for the global market--including Japan. While the company has long aligned with the 'Make in India' vision, its current direction reflects a broader ambition: 'Design and Lead from India'. President Takatani emphasised that India is not just a production base, but an innovation and leadership hub in Hitachi's global strategy. With its strong partnership with Tata, focus on digital transformation, and rising role in global manufacturing and R&D, Hitachi Construction Machinery is firmly positioning India at the heart of its international operations. (ANI)
