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| JCB India eyes 20% growth annually |
| Tushar Pawar / Mumbai/ Nashik Jun 30, 2009, 00:13 IST |
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JCB India Ltd, the earthmoving and construction equipment manufacturing company, is eyeing a 20 per cent year-on-year growth in sales over the next five years. The company has also opened its new dealership facility in Nashik spread over 29,480 sft.
JCB India has three manufacturing facilities in the country - one at Ballabgarh in Haryana and two plants in Pune. The company recently doubled the capacity of its Ballabgarh plant (near Faridabad) from 50 backhoe loaders a day at an investment of Rs 300 crore.
“We have just doubled the manufacturing capacity of our Ballabgarh plant. Right now, we are in the process of utilising the capacity. The company’s sales were affected last year (2008) due to the slowdown. Infrastructure is a long-term process, it’s not an annual. We expect a 20 per cent year-on-year growth in sales over the next five years,” Vipin Sondhi, managing director & CEO, JCB India Ltd, told Business Standard after the opening of its dealership facility here.
JCB India sold 13,460 equipment in the calendar year 2008, as against 17,192 units in 2007. The company registered a turnover of Rs 3,000 crore in 2008, compared with Rs 3,450 crore in 2007.
The company currently has 48 dealers and 320 outlets across the country. JCB India has a 53 per cent market share in the domestic construction equipment segment.
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