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JCB India: Betting on India's Infra Boom

Despite a marked slowdown in demand due to the impact of general elections, JCB India MD and CEO Deepak Shetty is confident that the market is set to bounce back soon.

By Shahkar Abidi

17 Feb 2025

6137 Views

Deepak Shetty, CEO and MD, JCB India Ltd

In a fiercely competitive market where over 20 original equipment manufacturers (OEMs) vie for dominance, JCB India has managed to secure a striking foothold: One in every five excavators sold in India bears its name. Despite the crowded playing field, Deepak Shetty, the company’s CEO and managing director, remains confident that this trend will hold steady.

"JCB has grown continuously," he said during an interaction with Autocar Professional,adding that the market size for excavators is expected to be over 30,000 units this fiscal. The crawler-excavator segment witnessed a 16% rise in FY24, touching 33,030 units. JCB operates in ...

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