Sany India Eyes 15% Revenue from Exports by 2025

Key Highlights:

• Sany India plans to increase export revenue to 15% of its total by 2025, up from 10% in 2024.
• The company aims to sell 1,600 machines overseas in 2025, a 30% rise from 1,200 units sold last year.
• Sany India holds strong market shares, including 60% in piling rigs and 55% in cranes, and exports telehandlers and excavators globally.
• A new factory in Pune boosts annual production capacity to over 14,000 units and supports domestic and international demand.
• India’s construction equipment sector is expected to grow 4-6% in FY25, slower than FY24’s 27% growth.

Sany India, a leading construction equipment manufacturer, aims to increase its export contribution to 15% of total revenue by 2025, up from 10% in 2024. The company sold 1,200 machines overseas last year and plans to boost this figure by 30%, targeting sales of approximately 1,600 units in 2025.

Focus on Construction and New Products

The company specializes in equipment such as excavators, cranes, concrete mixers, compactors, mining machinery, and wind turbines. It holds a strong market share in India, including 60% in piling rigs, 55% in cranes, 50% in port machinery, and 20% in excavators. Sany India exports telehandlers to the US and excavators to Africa and SAARC regions and plans to introduce soil compactors to its export portfolio.

Revenue Performance and Projections

In 2024, Sany India's revenue grew by 30%, reaching nearly ₹9,000 crore, with exports contributing over 10%. The company expects export revenue to rise further with the introduction of new machinery designed for the American and European markets. Sanjay Saxena, COO for Sales, Marketing & Customer Support, noted that India will also become a key export hub in the coming years.

Expansion in Manufacturing

Recently, Sany India inaugurated a new factory at its 90-acre manufacturing site in Pune. This facility has an annual production capacity of over 14,000 units and can handle more than 100,000 metric tonnes annually, positioning the company to meet increasing demand in construction, mining, and energy sectors both domestically and internationally.

Industry Outlook

According to CRISIL, India’s construction equipment sector is projected to grow by 4-6% in FY25, reaching ₹83,000 crore. This growth is slower compared to the 27% surge in FY24, driven by robust demand in roads, railways, and mining projects. However, rising equipment prices due to new emission norms are expected to contribute to revenue growth.

Long-Term Vision

Sany India expected to achieve ₹30,000 crore in revenue by 2030, supported by government investments and rapid urbanization, according to Saxena.

Also Read: JCB India Unveils Eco-Friendly CEV Stage 5 Ready Machines at Bharat Construction Equipment Expo

CMV360 Says

Sany India’s plan to increase exports and expand its factory shows it is working hard to grow globally. Its strong market shares and new products for international markets give it a good chance to succeed. But with slower growth expected in India’s construction sector, focusing on exports will be key to maintaining its progress.