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Updated: July 3, 2014 23:15 IST

NCR Corp to move to new facility

Special Correspondent
Comment   ·   print   ·   T  T  
Jaivinder Gill
The Hindu
Jaivinder Gill

NCR will be moving its manufacturing base from Puducherry to Mahindra World City in Chengalpattu by the year-end to manufacture ATMs.

Having acquired 44 per cent of India’s ATM market share, NCR Corporation has drawn up plans to widen its reach by setting up a new unit and by entering new arenas such as retail and hospitality.

At present NCR, the global leader in the consumer transaction technologies, provides specific solutions and services for customers in a range of industries such as financial services, telecommunication & technology and retail.

As part of the plan, NCR will be moving its manufacturing base from Puducherry to Mahindra World City in Chengalpattu by the year-end to manufacture ATMs. It is also planning to launch innovative products and services for the retail and hospitality industries such as Point-of-Sale and kiosks etc.

Talking to reporters, NCR Regional Vice-President, Financial Business for India/SEA, Jaivinder Singh Gill, said that the proposed move was aimed to be nearer to the suppliers and customers and to sea ports and airport.

The new facility, which is more than the double the size of Puducherry unit, is built over 1.17 lakh sq.ft area.

However, it was not willing to divulge information on investment in the new unit or its production and installed capacities.

“We will start the process of moving to the new facility by the year-end, and by Q1 and Q2, it will be fully functional and thereafter we might think of shutting down the Puducherry unit.

The servicing centre at Puducherry will continue to exist,” he said.

Mentioning that the non-banking deployment would drive the ATM’s growth in the future, he said by 2018, the number of ATM’s in India would increase to 4.4 lakh from 1.6 lakh.

Vice-President of NCR Global Manufacturing, Robert Visintainer, said in the last two years NCR India witnessed 40 per cent growth. NCR exported about 10-15 per cent of the products to Europe, the U.S. and South East Asia.

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