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Tata Hitachi to restructure business

Friday, 28 Sep 2018
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Tata Hitachi has decided to restructure its business which had been closed down between 2015 and 2017 due to its loss-making overseas subsidiaries.

The company is closing down its high-cost Jamshedpur facility in Jharkhand by end of FY19. The production is consolidated largely at its facilities in Kharagpur, West Bengal and Dharwad, Karnataka. The facilities are witnessing a Rs 200 crore capacity expansion drive.

Tata Hitachi is a 60:40 joint venture between Hitachi and Tata Motors.

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