NEW DELHI:
Hitachi ABB Power Grids, the joint venture between Hitachi and ABB, will focus on electric mobility and smart cities, where it sees opportunities in the
electric vehicle charging space, the company’s top executive in India said.
The company, which formally began operations on Wednesday, is upbeat about its prospects in India, although the Covid-induced
lockdown has severely hit demand.
“It is a short-term challenge. It's only a matter of time before the energy demand falls in line,” the company's India managing director N Venu, told ET.
All metro systems in India use the company's power grids for their operations. Hitachi ABB Power Grids also supplies Indian Railways with over $42 million worth of converters for their electric locomotives.
The company has also piloted a programme with
Ashok Leyland to test a
zero-emission mass transportation system, with an aim to move into the e-bus market. Previously, a large number of bids were won by Chinese green companies, which have come under the scanner with rising tension between India and China.
The company, which has invested more than $2.4 billion in China since 1992, is not worried about any issues arising in India due to the border conflict, Venu said. "We are fully compliant with all norms and we have robust manufacturing in India. We are not worried," he said.