Aiming at the second largest excavator business in the country in less than four years, Hyundai Construction Equipment India is set to expand its product portfolio. The company invested Rs 400 crore in the Indian manufacturing facility and has managed to localise 45-50 per cent of its components in the 8-34 tonne capacity. The larger excavators ranging 50-80 tonne are sourced from other manufacturing facilities and sold in India.

According to Dheeraj Panda, Head?Marketing, Hyundai Construction Equipment India, the excavator
business witnessed overall sales of 14,700 units in 2011 and Hyundai sold 2,034 units.