Globally, the market for hydraulic excavators experienced a decline in the recent past. This was mainly due to the economic turndown in last years, but with the growing urbanisation, the demand for the hydraulic excavators is gaining momentum again.

Looking to expand and consolidate its presence in the dynamic excavators market, Tata Hitachi Construction Machinery Company has new offerings from its stable-the EX super series and advanced ZAXIS GI series. The new products, amongst others, are a part of Tata Hitachi's range of 2 to 40 tonne hydraulic excavators for the infrastructure sector, 45 to 120 tonne for the mining sector, and the ultra large 190 to 800 tonne excavators for specialised heavy duty mining.

Speaking on the present size and growth rate of the hydraulic excavators market in India, Rahul Shorey, National Head (Construction), Tata Hitachi Construction Machinery Company, had this to say: “The excavator market peaked in FY2018-19 following three years of sustained growth led by increased government focus and investment in the infrastructure sector. However, the excavator market was significantly affected national elections in early FY2020. This was followed by liquidity issues as a fallout of elections, as well as the continuing effects of the IL&FS crisis. Further, just as the market was recovering its growth trajectory from January 2020 onwards, Covid-19 lockdown hit in March, adversely affecting sales. All this led to the market contracting by more than 20% in FY2020. Given the extreme impact of the lockdown on sales of the first quarter of FY2021, the market was bracing for a second successive year of contraction.”

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