JCB India hopes to grow 15 percent in 2011

April 8th, 2011 - 9:41 pm ICT by IANS  

Chennai, April 8 (IANS) Earthmoving equipment maker JCB India Ltd is hoping to close calendar year 2011 with 15 percent growth over the 21,000 units it sold in 2010, an official said.

“After the slump in 2008-09, the industry has hit the growth path again. We are hopeful of logging 15 percent growth this year. However, concerns like inflation, high interest rate regime are there as it was in 2008-09,” managing director and CEO Vipin Sondhi told IANS Friday.

He was here to launch a new BS III compliant diesel engine to be fitted in majority of the vehicles rolled out by his company.

“The new engine will be fitted in vehicles with 76 hp-145 hp. We have invested around Rs.135 crore to manufacture 40,000 engines per annum,” Sondhi said.

While the new engine will be fitted to bulk of the vehicles rolled out, JCB India would continue to source engines from outside for small horse power (hp) vehicles.

According to him, nearly 75 percent of the new engine is localised and components like crank shaft are being imported.

Queried about the sales break-up of various products, Sondhi said 85 percent of the sales comprises of backhoe loaders and the balance is chipped in by other products like wheel loaders, excavators, compactors, pick and carry cranes, telehandlers, skid steer loaders and others.

According to Sondhi, the company started exporting excavators to Indonesia last year in a small way.

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