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 grid technology 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 LeylandNSE 0.00 % 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.