Hitachi India expects to contribute USD 20 billion in revenue to its Japanese parent by 2030. The company apprised regarding this on the sidelines of the World Economic Forum annual meeting at Davos.

From the company's perspective, India is being looked at as a global hub, especially in the components and capital goods businesses. Moreover, Hitachi India's rail and power business is expected to be the biggest revenue contributor over the next decade. During the second quarter of the financial year, among the contracts given to Hitachi Energy include a project to integrate four GW of renewable energy from Rajasthan into the national grid.

Hitachi Energy India makes equipment such as transformers and circuit-breakers for energy transmission and railway components. Hitachi India is working on the first phase of a Baltimore rail deal for the Washington DC metro.

The ASEAN-India region contributed 717.7 billion yen to Hitachi's revenue in FY23, accounting for 9.4 percent of the total.