Leveraging a strong domestic market and growing export opportunities, construction equipment manufacturer Sany India has set an ambitious revenue target of Rs 30,000 crore by 2030. This marks a significant increase from its current annual revenue of around Rs 8,000 crore, as confirmed by Sanjay Saxena, Chief Operating Officer for Sales, Marketing & Customer Support at Sany India.
The company anticipates a 25% revenue growth this year compared to 2023 and projects a further 35% rise in the coming year. Sany India offers an extensive product lineup, including excavators, cranes, concrete mixers, batching plants, pumps, and mining equipment, among others. With a network of 42 dealers and 260 touchpoints across India, the company plans to focus equally on its key business areas: earthmoving, lifting, foundation, mining, ports, concrete, and roads.
India’s construction equipment market, the third largest globally, is poised for continued growth due to government-backed infrastructure projects, urbanization, and industrial development. Massive investments in roads, ports, airports, and railways as part of India’s development agenda are expected to sustain demand for construction equipment.
Exports account for 10-15% of Sany India’s revenue, with products like telehandlers and excavators being shipped to North America, Africa, the Middle East, and South Asia. The company aims to increase its exports to 1,600 machines in the next year, up from the current 1,000 units, and plans to expand its export portfolio to include additional products like soil compactors.
To support this growth, Sany India has invested Rs 1,000 crore to double the manufacturing capacity of its Pune plant, now capable of producing 12,000 machines annually, up from 6,000 units. This expansion includes an enlarged shed and workshop area to meet growing demand.
The company is also working to enhance the localization of its key products, including excavators, cranes, and mining dumpers. Currently, Sany India’s products are localized to 30-35%, with plans to increase this to 50% in the coming years.
