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JCB India anticipates double-digit growth in 2024 sales: CEO & MD Shetty
The Business Guardian
|December 06, 2023
JCB India, a prominent heavy construction machinery manufacturer, envisions a substantial double-digit growth in volume sales for the year 2024, as revealed by its Chief Executive Officer and Managing Director, Deepak Shetty, on Monday.
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This optimistic projection is underpinned by the escalating pace of infrastructure development across the country.
In the year 2022, the company successfully a chieved domestic sales of approximately 35,000 machines. Looking ahead to 2023, JCB India anticipates a significant upswing with an expected sales volume reaching around 45,000 units, marking an impressive 30 percent annual growth rate.
The company’s ambitious outlook was highlighted on Monday when it unveiled its pioneering machine, powered by a newly developed hydrogen combustion engine. The unveiling ceremony took place in the esteemed presence of Nitin Gadkari, the Minister for Road Transport and Highways.
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