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Home Articles Sany India to make additional investments in Pune plant

Sany India to make additional investments in Pune plant

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

Construction machinery maker Sany Heavy Industry India (P) Ltd will invest an additional Rs 300 crore in its plant at Chakan and add port machinery and dumpers for the mining industry to its existing range of products this year. When it went on stream in April 2010, the company’s greenfield plant at Chakan was its first outside China and the largest one overseas. The company has invested Rs 600 crore in India so far and currently assembles excavators and crawler cranes at this facility from completely knocked down kits.

“We will invest Rs 300 crore at this facility over the next three years,” Alex Wu, Managing Director, Sany India said. The company has also decided to localise the current range of products to the extent of 50 per cent in revenue terms this year, he said, adding that one of the localisation initiatives includes using engines from Cummins India. Wu said the company may also consider Indian manufacturing of its products when the volumes touch 5,000 units annually. During this year, Sany plans to introduce reach stackers for use in ports and bring in trucks for use in the coal mining sector, T R Badarinarayan, CEO, Sany India said.

It will also add 25 dealerships across India for excavators to take the tally to 50 in 2013, he added. Since Sany’s acquisition of Putzmeister over a year ago, its range of concrete products was transferred to the other company, and it clocked a turnover of Rs 300 crore during FY13. The company is expecting to do a turnover of Rs 500 crore in the current fiscal. The company has also launched a pan-India free health check for its machines over the next three months. During the campaign a team of 100 engineers will analyse and evaluate 700-odd machines in the Indian market, and train operators and owners on equipment maintenance practices.

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