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Hitachi to start ATM production in June 2016

By Niranjan Mudholkar,

Added 18 March 2016

Manufacturing facility in Bangalore with capital of Rs1 billion; Will target 1,500 ATM units monthly by FY2016 end

"Hitachi-Omron Terminal Solutions entered the cash recycling ATM market in India at an early stage and has been providing ATMs that are suited to India's environment, considering the quality, condition and usage of the banknotes, and solutions corresponding to needs of operational efficiency of financial institutions and the deposits of users." said Tetsuji Shimojo, Representative Director and President of Hitachi-Omron Terminal Solutions,

"The total number of units that had been deployed by the Company exceeded 5,000 in 2015, allowing it to establish a position of a leading company in the cash recycling ATM industry. To further accelerate the expansion of its ATM business in India, we have decided on local production in India. With the newly established company, Hitachi-Omron Terminal Solutions will support the construction of India's financial infrastructure, and contribute to the job creation and economic development promoted by the 'Make in India' policy."
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