JCB India Limited, India’s largest construction equipment manufacturing company, on Monday said its revenue growth is likely to slow down to 15 per cent in the 2011-12 financial year.
The Indian subsidiary of the UK-based earth-moving equipment manufacturing firm JC Bamford Excavators’ revenues grew by 45 per cent to Rs 4,950 crore in the fiscal 2010.
Vipin Sodhi, Managing Director and CEO, JCB India Limited, said: “We have withnessed a strong growth in FY 2011. The rate of growth for the present fiscal is expected to slow down. I would estimate it to be around 15 per cent-plus.”
Presently, the company has around 50 per cent market share of the construction and earth-moving equipment market in India. According to the company in the calender year 2010 it sold around 21,000 machines in the country.
“We are seeing a positive trend and government is getting back to clearing large projects,” he said.
Further he said, infrastructure is the key for the growth and it has become a dominant theme across political parties. The company has three manufacturing facilities in India and it exports machines to countries like Indonesia and Africa which accounts for Rs 300-400 crore of its total revenues.
The company which has around 400 outlets across India is also planning to launch new machines at Excon 2011, international exhibition on construction equipment industry. It will showcase new machines including wheeled loaders and backhoes (digger), excavators and lift-alls.