new delhi denmarkbased universal robots expects its business in india to grow over 100 per cent with adoption of its robots in sectors like apparel finance and electronics the company said today universal robots has been shipping to india since last 56 years we opened our office here three years ago automobile and automotive component makers have been early adopters of our robots now electronics apparel and finance are opening up we expect our business to grow over 100 per cent yearonyear universal robots general manager for south asia pradeep david said he said universal robots has globally shipped 25000 robots which the company brands as cobots that can be customised to meet the requirement of industry vertical using them in india we have 400 installations bajaj auto was one of the early adopters of our robots they weigh 3kilogram and are priced in the range of rs 1520 lakh a unit they can work for 35000 hours at full payload round the clock david said universal robots today announced collaboration with german bank cash management firm gieseckedevrient which has deployed system at rbi and other banks to explore opportunity in the financial service segment we have 67 per cent share in india in cash management rbi has around 55 machines installed for cash verification processing system we have started trial with universal robots for currency chest management in some banks the robots can save time and money if installed for cash management and possibility of errors like pilferage etc is far low if it is done by robots gd india deputy md vivek shankar said he said installation of robots will also save cost of cash management at banks compared to the cash handling by human resource pti published on may 17 2018 at 0629 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app universal robots vivek shankar rbi auto manufacturing bajaj auto homenewsauto componentsuniversal robots expects india biz to grow over 100