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(Telcon), a joint venture with Tata Motors Ltd. (BSE:500570), is manufacturing the trucks. Hitachi Construction invested 22 billion yen (US$283 million) in the venture in 2010 to increase its equity stake. Until now, Telcon has made 35-ton dump trucks at a plant in the state of West Bengal, and will now add 100-ton mining trucks to its product mix.
Hitachi Construction supplies component parts from its plant in Hitachinaka, Ibaraki Prefecture. This is only its second overseas production site for the superlarge trucks, joining one in Canada.
Selling more of the big dump trucks is a key part of the company's drive to achieve an operating profit margin of 30 per cent in the mining machinery business over the long term, up from under 10 per cent at present. Although demand for hydraulic excavators in the Indian market has been much softer than anticipated, orders for large equipment used in mine development have remained robust. Miners are using increasi