JCB India heading for 15% growth in FY 2011/12
$1 billion enterprise supplies one in every two machines sold in India
One in every two backhoes sold in India is supplied by the company, and it is India's largest construction equipment manufacturing company by some way.
The company expects to register revenue growth of 15% in 2011-12, once again breaking $1bn in sales, and beating its growth in 2009-10 by 45%.
The company, which owns a 54% share in the constructio- equipment segment, produces loaders, wheel loaders, tracked excavators, robot skid steer loaders, compactors and pick-and-carry cranes at its three manufacturing facilities in India.
Speaking at the EXCON 2011 machinery event in Bangalore, Vipin Sondhi, CEO, JCB India, said: "We have a 54% market share in the construction-equipment segment. Our market share is 75% with respect to backhoe loaders.
"Infrastructure has become a common theme across all political parties. We are a derivative of construction activity. So we have to ensure that we are just ahead of the growth and remain calibrated to the market,"said Sondhi.