We are exploring opportunities for local investments
What are your expectations for Excon, given its significance?
Excon is a major event for us. This year, we’re showcasing the HB205-1. The highlight is our first hybrid excavator, a certified premium equipment refurbished with a beautiful roof and standard warranty. We’re particularly proud that it’s entirely manufactured in India.
Can you elaborate on the salient features of the hybrid excavator?
Our hybrid excavator contributes to CO2 reduction and lower fuel consumption. Notably, it doesn’t require a charging station; it can generate power by itself. This is a key differentiator from electric excavators, which are still in the prototype stage. We’ve been mass-producing our hybrid excavator for over 15 years.
How has the response been to this product, especially regarding environmental contributions?
The response has been positive. We’ve donated hybrid excavators to NGOs working on environmental conservation, particularly in river cleaning. The product has been well-appreciated, and we aim to increase its adoption in India gradually.
Are there plans to launch a hydrogen variant of this product?
Yes, we’re actively working on a hydrogen engine as part of our roadmap for carbon neutrality by 2050. However, the high costs associated with hydrogen technology are a challenge that many manufacturers are facing.
Given India’s price-sensitive market, how do you tackle the challenge of cost?
We increase the local procurement ratio. By sourcing parts locally, we can offer reasonable prices. India has become a key part supplier globally, attracting brands from the USA and Europe to purchase quality parts.
What other challenges do you face in the market, particularly with the hybrid variant?
While the Indian Government provides financial support for EVs, we’ve requested similar support for our hybrid excavator buyers. Additionally, there’s a need for a reliable nationwide supplier for biodiesel to enhance the usage of biodiesel in our products.
What key trends do you observe shaping the construction equipment segment in India?
Electrification is a key trend, with many manufacturers introducing electrical excavators and loaders. However, the price remains a crucial factor for end-users.
Can you share your future plans and any potential investments or capacity expansion in India?
Our Chennai plant is reaching full production capacity. We are exploring opportunities for local investments and considering capacity expansion plans to meet the growing demand in the Indian market.
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Maharashtra, India
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