FOR IMMEDIATE RELEASE

Hitachi Terminal Solutions India Inaugurates its Global CRM Manufacturing
facility in Bengaluru
The company plans to employ more than 400 people in the future
Mumbai/Bengaluru, January 27, 2023 --- Hitachi Terminal Solutions India, today announced that
it is set to expand its manufacturing presence in India to complement the Government of India’s
Make in India mission, through a first-of-its-kind Cash Recycling Machines (CRM) manufacturing
facility in Bengaluru. This CRM manufacturing facility will be one of the largest facilities for Hitachi
worldwide and is another step towards an expansive vision to build and strengthen a full-fledged
Hitachi Campus in India, helping India to become self-reliant, and making it the Global supply hubfor the world.
Spread over 10,000 square meters, this state-of-the-art manufacturing facility will enable thecompany to triple its current production capacity of 1,000 CRMs per month. The company alsoplans to employ more than 400 people in the future. Hitachi’s facility is a testament to the central
government’s vision of transforming India as a manufacturing hub for rest of the world. The coreengine of the CRMs (Cash Modules) is localized and will now be completely assembled in India
with high level of automation in this new facility, and also reaching a significant status of Make inIndia.
Hitachi is the global leader in cash recycling and automation technology and has been pioneering
this technology in India.
Comment from Yoshihiro Nakatani, Managing Director of Hitachi Terminal Solutions India:
Our estimate indicates that more than 1.1 million cash recycling machines* have the capacity to beinstalled globally by 2024. Owning to this, we have built a state-of-the art facility, with an aim to offer
highly secure, lowest carbon footprint and technologically advanced CRMs to our customers.
Hitachi Terminal Solutions India has delivered high-end cash recycling machines that meet theneeds of customers in a timely manner. Hitachi Terminal Solutions India will continue its efforts for
expanding its business ecosystem and developing solutions in India, to further augment the exportof our products from India and thus contribute to the development of the Indian economy.
Comment from Bharat Kaushal, Managing Director of Hitachi India:
India continues to remain the melting pot of innovation and growth in Asia. Our presence througharound 28 group companies in India, have registered progressive growth in the past and continue
to do so in a more robust manner. India has the capacity and capability to grow as the next
manufacturing hub, as evident by the current Government’s efforts to build high-end infrastructure,- more --2-even in the hinterlands of India. Hitachi through its varied business presence has multiple
manufacturing facilities across the length and breadth of India covering Energy, Automotive, Urban
Mobility including Railways, Industrial UPS etc.
With seamless connectivity to major highways, airports and skilled talent pool, the factory has been
strategically located in Bengaluru and is the perfect choice for this investment for the company.
Hitachi Terminal Solutions India is bringing its global best practices and advanced manufacturing.
About Hitachi Terminal Solutions India
Hitachi Terminal Solutions India is a subsidiary of Hitachi Channel Solutions, Japan, a global leader
in Cash Recycling Machines. Manufacturing in India started in 2016 and gradually the production
increased to meet the growing domestic market requirements for both the public and private sectors
as well as to limited international markets. The objective was to cater to requirements of thedomestic sector specially while accelerating Make in India initiative. The policy of this facility is ‘By
Indian people, with Indian material, for Indian market’ and also the adoption of the best Japanesepractices and technologies.
For more information about Hitachi Channel Solutions, please visit:https://www.hitachi-ch.com/
For inquiries regarding this matter, please visit:https://www8.hitachi.co.jp/inquiry/hitachi-ch/general/en/form.jsp###