Sany Heavy Industries India said it aimed to capture 15 per cent of the Indian excavator market in the next three years. Sany has invested about $60 million in its Chakan plant near Pune and launched its 7-23 tonne range of excavators last October. The company has sold about 200 units as compared with the current market size of 16,000 units. The market for excavators is expected to reach 20,000 units a year in the next three years, of which the company aims to sell 4,500 units, Richard Deng, Managing Director of Sany India, said.

The company is betting big on the Indian infrastructure sector on the back of the projected investments of $1 trillion in the 12th Plan period and expects enough growth opportunities. The manufacturing plant in Chakan has a potential to generate a turnover of Rs 6,400 crore annually in the next five years, according to Deng.