Construction equipment manufacturer Sany India is likely to increase its exports to 15% of the total revenue in 2025 from 10%, last year. The company sold 1,200 machines overseas in 2024 and is likely to increase its sales by 30% to around 1,600 units in 2025.
Sany India, which manufactures excavators, cranes, concrete mixers, compactors, cranes, mining equipment, wind turbines and so on, is focusing on the construction segment. The company has a 60% market share in piling rigs, 55% in cranes, 50% in port machinery, and 20% in excavators, and exports telehandlers to the US and excavators to countries in Africa and SAARC regions. Going forward, Sany India plans to introduce more products, such as soil compactors in the export markets.
In 2024, the company's total revenue increased by 30% to nearly Rs 9,000 crore, of which exports comprised over 10%. With the introduction of new products, the exports are likely to grow. "We are looking for 14-15% revenue from exports this year as we have already designed new machinery suitable for American and European markets," Sany India’s Chief Operating Officer for Sales, Marketing & Customer Support, Sanjay Saxena, told Autocar Professional.
"Apart from serving the local Indian market, India will also become an export center in the next few years," Saxena further said.
Recently, SANY India launched a new factory at its 90-acre manufacturing site in Pune with an annual production capacity of over 14,000 units, boasting a capacity of more than 100,000 metric tonnes per year. These enhanced capabilities will enable the company to meet growing demand across the construction, mining, and energy sectors both within India and outside.
India’s construction equipment sector is likely to see a slower growth of 4-6% in the financial year (FY) 2025, to around Rs 83,000 crore, according to CRISIL. This is slower than the 27% growth seen in FY24, when sales volume reached 1.35 lakh units, supported by strong demand from roads, railways and mining segments.
However, the rise in prices following the introduction of the new emission norms is likely to give a boost to revenue growth, the research agency said.
In an earlier interaction with Autocar Professional, Saxena projected the company's revenue to reach Rs 30,000 crore by 2030, on the back of government investments and increasing urbanisation.