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Gross turnover of JCB (I) grows 60% in FY’08

Gross turnover of JCB (I) grows 60% in FY’08
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First Published: Tue, Jan 22 2008. 10 54 AM IST
Updated: Tue, Jan 22 2008. 10 54 AM IST
New Delhi: JCB, a construction equipment firm has registered rapid growth in India for the year 2007 with record turnover and machine sales.
JCB India sold more than 17,000 machines during 2007 – an impressive rise compared to 2006, when the company sold more than 10,800 machines. The gross turnover rose by 60% from Rs2,050 crore to Rs3,280 crore.
The announcements came as Sir Anthony Bamford, JCB Chairman arrived in India as part of a British Trade and Investment delegation, accompanied by Britain’s Prime Minister, Gordon Brown.
The company announced that the number of dealer outlets selling JCB machines rose from 202 to 285 between 2006 and 2007, as customer support was enhanced by a stronger dealer network that has 45 dealers and 285 depots across India.
Ongoing training to operators was more than doubled over 2006 numbers. According to Vipin Sondhi, the company’s managing director “We are investing Rs300 crore doubling the capacity of the Ballabgarh plant in addition to spending Rs20 crore on a new parts distribution warehouse in Pune.
“JCB’s expansion in India will create further direct employment, as well as additional opportunities for our dealers and for the training of operators who use JCB machines. Currently over 3000 operators are being trained in India and this number is likely to increase substantially in the years to come.”
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First Published: Tue, Jan 22 2008. 10 54 AM IST