Published at December 21, 2024 by InfraJunction
Sany India, one of the leading construction equipment manufacturers in the country, is setting its sights on an annual revenue of Rs 30,000 crore by 2030. This means more than three times revenue for this year, with estimates already made that it will stand at about Rs 8,000 crore this year.
The domestic market and potential for export provide Sany India the perfect platform with which it will achieve a powerful growth trend over the next several years. This year, it plans for an increase of revenue to be around 35%, further enhancing its footsteps towards reaching the 2030 mark.
Sany India Chief Operating Officer Sanjay Saxena added that “the company has seen its production capacity double over this year and has plans to increase it in the future as demand increases. The company has increased the annual manufacturing capacity to 12,000 units of various construction machinery from a little above 6,000 units in previous years. This has included doubling shed area at its Pune plant to take in the upsurge in production.”
Sany India manufactures a wide variety of products like excavators, cranes, concrete mixers, mining equipment, and wind turbines. The company functions with a network of 42 dealers and 260 touchpoints in India that has made the products of Sany accessible to its customers all over the country.
The other major market that Sany India is exploring includes the export market. Presently, 10-15% of its revenues come from exports. This would be improved by boosting the sales of telehandlers and excavators into North America, Africa, the Middle East, and South Asia. The exports would go up to 1,600 units next year from 1,000 units this year.
The company is also working toward the localisation of its important products, which include the excavators and mining dumpers. Now, roughly 30-35 percent of Sany India's products are localised; it wants to increase it to 50 percent.
Some of the most important factors for Sany India that will be crucial to achieving its ambitious growth plans include its efforts to improve manufacturing capacity. Additionally, increasing export capacity and enhancing the localization of its products are also key components of the company’s strategy. These efforts will play a significant role in making the company successful. A long-term vision for infrastructure development in India puts Sany India in a prime position to grow positively in the construction equipment sector.
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