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Dheeraj Panda of Sany: Restarting govt flagship programmes will lift up excavators market in 2021

Dheeraj Panda, Director – Sales, Marketing and Customer Support, Sany Heavy Industry India, speaks on how market has evolved for hydraulic excavators in the last couple of years.


Dheeraj Panda of Sany: Restarting govt flagship programmes will lift up excavators market in 2021

Dheeraj Panda, Director – Sales, Marketing and Customer Support, Sany Heavy Industry India, speaks on the present size and growth rate of the hydraulic excavators market in India, and how market has evolved in the last couple of years.


We aim to position ourselves as a provider of the widest range of world-class infra equipment and solutions

One pathbreaking offering: The hallmark of Sany’s growth around the world and particularly in India has been technological improvements made in all our product lines. We invest nearly 7 per cent of our turnover in R&D every year.


We aim to provide the widest range of infra equipment and solutions

One pathbreaking offering: The hallmark of Sany’s growth around the world and particularly in India has been technological improvements made in all our product lines. We invest nearly 7 per cent of our turnover in R&D every year.


About 6-7 per cent of the group turnover is invested in R&D

While there was a surge till June 2017, the market fell silent in the initial months after GST. The rates were low owing to the high tax rates, which changed after the tax slab was brought down to 18 per cent.


MAKING INDIA

The results of the recent Global Innovation Index highlights that India has risen to 66th position this year from 81 in 2015. With growth in mind, the government has started its movements in setting up a panel on innovation, which would act as a key catalyst in improving the country´s growth.


Mover and Shaker

The construction equipment market is on an uptrend. And, with infrastructure investment set to go up, the demand for construction equipment will rise further. According to an IBEF report, equipment sales are estimated to expand at a CAGR of 6.18 per cent to reach 96,700 units by FY2018 from 50,000 i..


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