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Engineering | October 2012

Sany aims to tap 15 per cent share in India's excavator market

 SANY Heavy Industries India has aid that it aimes to capture 15 per cent of the Indian excavator market in the next three years. The company is a subsidiary of Chinese construction equipment group SANY.
With an investment of about $60 million in its Chakan plant near Pune, the company launched its 7-23 tonne range of excavators last October and has sold about 200 units as compared with the current market size of 16,000 units. The market for excavators is expected to reach 20,000 units a year in the next three years, of which the company aims to sell 4,500 units, Richard Deng, Managing Director of SANY India, said. 

Before entering the excavator market, the company used to manufacture concrete pumps and cranes and had a total turnover of Rs 248 crore in the last financial year. The company is betting big on the Indian infrastructure sector on the back of the projected investments of $1 trillion in the 12th Plan period and expects enough growth opportunities. 

Deng further added that the manufacturing plant in Chakan has a potential to generate a turnover of Rs 6,400 crore annually in the next five years.

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