Sany India Targets Rs 30,000 Crore Revenue by 2030 with Expansion and Localisation Plans

Sany India, a leading construction equipment manufacturer, has set an ambitious target to achieve Rs 30,000 crore in annual revenue by 2030, marking a significant three-fold growth from its current levels. The company aims to leverage India’s infrastructure boom and increasing urbanisation to fuel its growth trajectory.

Sany India’s comprehensive product portfolio includes excavators, cranes, and concrete mixers, catering to various sectors like earthmoving, mining, ports, and road construction. The company is poised to capitalise on massive investments in mega infrastructure projects, such as roads, railways, airports, and ports, which are expected to sustain strong demand for construction equipment in the coming years.

To achieve its revenue goal, Sany India is focusing on enhancing localisation in its product portfolio. Currently, the localisation level stands at 30-35%, but the company plans to increase this to 50%, particularly for critical equipment like excavators, cranes, and mining dumpers. This move is expected to reduce costs, improve efficiency, and support the government’s “Make in India” initiative.

Additionally, the company is targeting a substantial rise in exports. It aims to deliver 1,600 machines annually by next year, compared to the current figure of 1,000 units. To support this growth, Sany India has invested Rs 1,000 crore in its manufacturing facility in Pune, doubling its annual production capacity from 6,000 to 12,000 units. The company has also outlined plans for further expansion based on market demand.

With infrastructure development and industrial growth at the forefront of India’s economic agenda, Sany India is well-positioned to meet the rising demand for construction equipment. Its strategy of localisation, capacity expansion, and a focus on key sectors underpins its vision to become a dominant player in the industry by 2030.

Tags: Sany India, construction equipment, infrastructure growth, localisation, Make in India, road construction, mining equipment, manufacturing capacity, exports, urbanisation, mega projects.