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Sany India to grow 70% this year: CEO

By Niranjan Mudholkar,

Added 29 February 2016

Future growth coming from earthmoving equipment

While Sany India clocked 70 percent growth last year on a small base, Deepak Garg, Director & Chief Executive Officer, Sany Heavy Industry India Pvt. Ltd. is confident of touching the same figure again this year even with an increased base.

"I see the future growth coming from earthmoving equipment that will be used for projects like roads, railways, ports, metros, and from hoisting and lifting equipment that will be primarily used for wind energy projects," he told The Machinist in an exclusive interview recently.

While the sentiments have improved quite positively since the present government has taken charge, a lot more is required on the ground. How has it been for Sany India? "Well, it is a known fact that infrastructure sector hasn't been doing well for a long time in India. Off late, in the last three to four months the market has improved a little. Things are a little better now. The market numbers are also improving. For us the growth has been quite phenomenal. In the Sany India manufactured products, we have grown almost 70 percent last year,"  he said.

And the reasons for this significant growth (which has obviously come on a small base)? "Firstly, we have improved our distributor network. We have added five dealers in some of the regions where we did not have them earlier. Secondly, we have also focussed on some of the key regions to get a good market share. Thirdly, we have focussed on our own manufacturing while maintaining quality levels which are - I would say - above industry levels. That has actually driven lot of growth for Sany India last year," Garg answers. 

Sany India has invested Rs 650 crore in India so far and while it sufficient for now, Garg says that there will be more investments if required.

Read the complete interview in the February 2016 issue