Hitachi-Omron sets up ATM manufacturing company in Bengaluru.

Hitachi-Omron Terminal Solutions Corp (Hitachi-Omron Terminal Solutions) has established Hitachi Terminal Solutions India Pvt Ltd (Hitachi Terminal Solutions India) to be based in Bengaluru as an ATM manufacturing company.

The new company has been set up with a capital of Rs. 100 crore and is set a target to produce 1,500 units of ATMs per month at the end of calendar year 2016. The new entity is expected to commence production in June 2016.

Aimed at strengthening the ATM business in India, Hitachi Terminal Solutions India will allow Hitachi-Omron Terminal Solutions to promptly accommodate the needs of the market, strengthen cost competitiveness, shorten the production lead time from order entry to shipment and expand the business of cash recycling ATMs.]


HBL