JCB India to enter industrial power generator market

New Delhi: Construction equipment maker JCB India Ltd on Wednesday said it will enter the industrial power generator segment by introducing diesel generators in the range of 63-100 kVA.

add_main_imageIt will subsequently expand its range to over 100kVa in the coming months, followed by 150-200kVA during the next year.

Since 2013, JCB has been exporting these machines to Europe, South America, Middle East, Russia and Asia Pacific, Vipin Sondhi, managing director and chief executive, JCB India said.NextMAds

“We are the only major manufacturer in India who is manufacturing generators, both for the domestic market as well as exports market,” Sondhi said.

According to him, the industrial power generator market in India is 120,000 units per annum, worth ₹ 5,500 crore in revenues.

“The market is only going to grow from here… may be in the range of 8-19% per year,” he said.

The company aims to sell 1000 generators in the current year.