7 hrs ago
JCB India Plans to Double Manufacturing Capacity by 2030
JCB makes machines used to build roads, railways, ports, and other projects.
The company plans to make twice as many machines in India by 2030.
Its annual capacity is expected to rise from about 85,000 machines to 170,000.
JCB believes construction work in India and other countries will keep increasing.
Government spending on infrastructure is one reason for this expected demand.
JCB is also changing some existing machines so they can work on railway tracks.
The company is buying more parts from Indian suppliers instead of importing them.
JCB expects its own growth to be faster than the overall construction-equipment industry.
It also wants to increase exports from India, although Red Sea disruptions have slowed shipping.
JCB India plans to increase annual manufacturing capacity from about 85,000 to 170,000 machines by 2030.
The company expects India’s construction-equipment industry to grow 9%–12% in the current financial year.
JCB expects to outpace the industry, targeting growth of about 12%–14% if the sector expands 9%–10%.
The company is adapting equipment for railway work and expanding localisation to reduce imports and logistics costs.
JCB exported about 14,000 machines last year and is targeting 15%–20% export growth this financial year.
- Who
- JCB India, led by managing director and CEO Deepak Shetty.
- What
- JCB India plans to double its manufacturing capacity to about 170,000 construction-equipment machines annually by 2030.
- Where
- JCB’s manufacturing expansion is in India, which also supplies machines and components to overseas facilities.
- When
- The capacity target is for 2030; export and industry growth forecasts apply to the current financial year.
- Why
- The company expects sustained demand from Indian infrastructure projects and growing global markets.
Key facts
- Current capacity
- About 85,000 machines annually in India
- 2030 capacity target
- About 170,000 machines annually
- Industry growth forecast
- 9%–12% in the current financial year
- JCB growth forecast
- About 12%–14% if industry growth reaches 9%–10%
- Localisation
- About 96% for backhoe loaders and 65%–75% for excavators
- Annual investment
- ₹200 crore–₹500 crore in research, development, and capacity expansion
- Export target
- 15%–20% growth this financial year, following exports of about 14,000 machines last year
Quotes
Deepak Shetty
JCB India managing director and CEO
“What we are trying to do is rather than creating new products, the existing products, we are engineering some attachment, something like that. So then they can be used for multipurpose”
financialexpress.com
“We are heavily focussed on localisation in India. Okay. What we used to import in dollars, we are trying to localise in India”
financialexpress.com
Sources
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