JCB India Anticipates Strong Growth This Year
MOTORINDIA|November 2018
JCB India Anticipates Strong Growth This Year

JCB India remains committed to reinforce its stature as a full range infrastructure equipment provider with class-leading products that are superior in design, performance, efficiency, safety and digital technology integration.

Dhiyanesh Ravichandran

Any discussions on the Indian CE industry will remain blatantly incomplete without taking into account JCB India Ltd.’s prominent role. With a versatile product range, indigenised supply chain for manufacturing and vibrant dealership and service network, JCB is a name to reckon with in the Indian construction and infrastructure equipment sector since its inception in 1979.

The year 2017 was remarkable for the Indian CE market in terms of product demand and growth, in spite of major disruptions, including GST. JCB India grew to the highest level last year, signifying an impressive comeback from the market lull over a long period from 2012 to 2015. The year 2018 is also unfolding as a strong one, the company claims.

Mr. Jasmeet Singh, Head - Corporate Communications and Corporate Relations, JCB India, rightly acknowledges the potential in the Indian market and also about the changing equipment buyer preferences. “Roads and highways construction is in full swing and quite reassuring for the industry, a primary growth driver in the CE market, although there is a need for demand drivers to increase in other sectors like railways, irrigation, real estate, etc.,” he observed.

Further, the revenue-neutral GST rate of 18% – after the initial 28% bracket – has resulted in a big surge in demand and created an upswing in sales of new machineries this year, complementing the organic growth. That momentum is still on, he added.


You can read up to 3 premium stories before you subscribe to Magzter GOLD

Log in, if you are already a subscriber


Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines


November 2018