In 2017, Sany has recorded a growth of 60 per cent. 'And, we are certain that long-term gains would be much higher than the short-term pains we have today,' says Deepak Garg, CEO, Sany Heavy Industry India. Elaborating on the company's launches and market opportunities, he shares more...
On product launches: At Excon, we launched the concrete equipment range. Our new transit mixers ranging from 7 cu m to 8 cu m are for a higher platform. We have just launched a whole range of concrete and road equipment. We have introduced a new 11-tonne compactor for the Indian market. We have also launched the SY500, which is a 50-tonne excavator with a 3.1-cu-m bucket, made for the mining of open cast mines. This is a popular model for us globally and this is the first time we are launching it in India. Apart from this, we have launched a small excavator called SY 120; it's a 12-tonne excavator. Another product for display is the piling rig, which is important when it comes to building flyovers, bridges and road projects.
Technological innovation: About 5-7 per cent of the overall business is invested in R&D. We have made use of PTO high-capacity truck chassis in the transit mixers. This includes the use of Mercedes Benz chassis. We have also reduced overall material consumption in the whole equipment. For example, in SY 500, the machine is rugged and fuel economy is higher. We have made use of generation hydraulics from Japan. Operator comfort is important. Our equipment is comfortable for the user. All cabins protect the user from rolling or falling over.
Market opportunities: The largest infrastructure opportunity is the roads industry, which includes state and national highways. Railway is another booming sector. These sectors are resulting in great demand for the infrastructure-centric equipment market. Irrigation is another area that has plunged. The rise in the construction of ports has led to huge potential for freight corridors.
Outlook for 2018: The industry is anticipating a growth of over 20 per cent in 2018. The year is expected to be a good one for us. Speaking of GST, the reduction of the tax slab from 28 per cent to 18 per cent by the government is definitely going to be beneficial.