Tata Hitachi Construction Machinery is strengthening its presence in India with a new developmental centre in Dharwad, Karnataka, signaling a strategic shift from consumption to innovation. The company is optimistic about future growth as it finds the market scenario to be favourable, says Sandeep Singh, MD, Tata Hitachi Construction Machinery.
Tata Hitachi Construction Machinery is strengthening its presence in India with a new developmental centre in Dharwad, Karnataka, signaling a strategic shift from consumption to innovation.
India has traditionally contributed around 6% of the Japanese company’s global revenue, but Hitachi now sees the country as a key hub for global research and development (R&D). The new facility will focus on refining hydraulic excavators and wheel loaders, critical machines in the construction sector.
In this interview, Sandeep Singh, MD, Tata Hitachi Construction Machinery, said, “We have been growing at 10% YoY over the last three years. The market scenario is good and going forward, we are looking at much better growth in the coming years.”
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