We are excited to participate in Excon this year, where we look forward to presenting our latest innovations and reaffirming our steadfast commitment to shaping the future of the construction equipment industry. Our primary focus is on introducing cutting-edge electric machines that are crafted to meet the evolving demands of the market. These futuristic machines go beyond boundaries and serve various sectors within the construction and infrastructure industries. Whether its metro construction, road development, port operations, mining activities, or large-scale infrastructure projects, Sanys machines are positioned to make a significant impact. Our presence at Excon highlights our dedication to leading the construction equipment industry and actively contributing to its ongoing progress.

Sany India is dedicated to addressing sustainability and environmental concerns through our product offerings. Our approach involves eco-friendly design and technologies that minimise environmental impact. We emphasise fuel efficiency to reduce operational costs and carbon emissions, ensuring strict compliance with the latest emission standards and Bio diesel compliant machines. Actively exploring electric and hybrid alternatives, we provide sustainable choices for our customers. Lifecycle management incorporates recyclability considerations and responsible disposal practices. Collaboration with industry partners fosters sustainability, and continuous innovation drives research into new technologies for reduced environmental impact without compromising performance. Sany India remains committed to shaping a sustainable future through proactive measures in our product development and industry engagement.

In our commitment to embracing sustainable practices, we have embraced the ongoing shift in the construction equipment industry. Recognising the imperative for environmental sustainability and operational efficiency in the future, we have proactively integrated cutting-edge technologies into our machines to enhance their efficiency, productivity, and environmental friendliness. We firmly believe that technology serves as a crucial catalyst in meeting the dynamic demands of the market, and we pride ourselves on being at the forefront of innovation in this realm.

Beyond technological advancements, our dedication to sustainability extends to our interactions with customers. Customer engagement and collaboration are paramount to us. We highly value our customers feedback and requirements, actively collaborating with them to gain a deeper understanding of their needs. To facilitate this, we provide data access to every customer, allowing them to monitor machine performance in real-time. Through GPS-based connectivity, customers can proactively track routine maintenance needs further ensuring optimal machine performance and minimising downtime. This collaborative approach with our customers is pivotal in our ongoing efforts to innovate our products and services, effectively adapting to the evolving landscape of the construction equipment industry.

Our participation in Excon 2023 signifies more than just a showcase of our commitment to sustainable practices. It is an opportunity to present our latest products and initiatives that embody our dedication to Building a Better World through technological innovation, operational efficiency, and customer collaboration. We eagerly anticipate sharing further details about these offerings at the event.

Sany India views the Indian market for our construction equipment is highly promising and dynamic. With rapid urbanisation and infrastructure development, there is a substantial demand for our specialised machinery. Our products are meticulously tailored to meet the unique requirements of the Indian construction landscape. We stay ahead of market trends through continuous innovation, offering cutting-edge solutions that enhance efficiency and productivity. Committed to customer satisfaction, we build strong relationships and provide comprehensive support. Sany India is confident in the growth potential of the Indian market and remains dedicated to contributing significantly to the country's infrastructure development.

Market fluctuations and economic uncertainties impact demand volatility, affecting production planning, while regulatory complexities necessitate constant adaptation. Supply chain disruptions and skilled labour shortages pose operational hurdles, addressed through strategic supplier relationships and workforce development initiatives. Despite challenges in infrastructure development, Sany India remains agile, ensuring timely delivery amid project uncertainties. These challenges are viewed as opportunities for continuous improvement and innovation. By maintaining flexibility, investing in workforce development, and staying attuned to market dynamics, Sany India is dedicated to overcoming obstacles and emerging stronger in the competitive construction equipment sector.

Sany India takes pride in offering the most comprehensive range of construction machinery in India and South Asia. In 2012, the company made a significant investment, exceeding Rs 10 billion, to establish a state-of-the-art manufacturing facility in Chakan, Pune. This substantial investment was allocated to develop robust infrastructure encompassing research and development, manufacturing, quality inspection, testing, and service facilities.

The Chakan facility serves as a cornerstone for Sany Indias operations across various business verticals, including earthmoving, lifting, foundation, mining, ports, concrete, roads, and renewable energy solutions. This strategic investment underscores our commitment to providing cutting-edge products and services tailored to the diverse needs of the Indian market. The facility not only facilitates the production of high-quality machinery but also underscores our dedication to innovation, quality control, and comprehensive customer support. Sany Indias investment in the manufacturing facility reflects our enduring commitment to advancing the construction machinery industry in India and South Asia.

In 2023, Sany India experienced significant growth and success, marked by a robust financial performance with a promising revenue increase. The company expanded its market share across key product categories, attributing this success to its strong product portfolio, commitment to customer service, and an expanding dealer network. Noteworthy achievements include the launch of new products such as excavators, cranes, and mining equipment, driving sales growth and bolstering the company's innovative profile. Sany India invested substantially in research and development, introducing technologies like IoT-enabled machines, and digital twin technology.