Market for 2020: We see huge opportunity for the company in the Indian market. Owing to the stable government, in 2020, there is huge potential for infrastructure development, real estate and mining. And, Liugong has several offerings for the mining segment in the form of large heavy-duty products in excavators and wheel loaders. And, we are planning to launch mining trucks for the Indian customers. Key challenges: The major challenge for us is that the India market is growing at a faster pace and so are the customer requirements. We need to prepare various product lines to meet these fast changing requirements. Challenges also include the need for more talent and the supply chain. In 2019, we have improved our supply chain to support our excavators and some other product lines. We are a strong player for wheel loaders and motor graders. In the coming years, we hope to be stronger players in the backhoe loaders and excavators segments as well.
Enhancing productivity: The young generation of customers is looking for new technologies. Hence in 2019 and 2020, we are launching new generation excavators and wheel loaders. Some of the equipment will be manufactured in India, while some in China. These machines are supported with features such as GPS and monitoring systems. The machines can be monitored on the mobile phones. Also our machines launched in China are supported with features such as augmented reality (AR) with remote control operations. We also have autonomous and semi-autonomous machines in wheel loaders that can provide 10-20 per cent increased productivity and can save on manpower requirement and fuel consumption. We are going to introduce these technologies to the Indian market in future.
Products at Excon: We have a wide range of machines displayed at Excon. We have launched the 7 tonne wheel loader, which is a heavy-duty high efficiency and better productivity product for the aggregates market, quarry and coal handling. We also have a whole range of excavators from 8 tonne to 50 tonne for the Indian market requirements. We have also displayed cranes, dozers and forklifts to provide more support and solutions to the Indian market.