The industry is stabilising this year to gather momentum over the next two years Mr. Vipin Sondhi, MD, CEO, JCB India Limited
Products Showcased at Excon 2015-16:
JCB has showcased an exciting line up of 25 “Made in India” machines along with technology innovations at Excon 2015. JCB will showcase the new “ecoXcellence” range of Backhoe Loaders. Also on display will be the JCB 220LC Xtra Tracked Excavator – a new entrant from JCB India in the 22 Tonnes market, the much awaited 455 ZX Wheeled Loader in the 5 Tonnes segment and the new Master Loader.
Expectations from 2015-16:
Coming out of three years of de-growth, the industry is stabilising this year to gather momentum over the next two years, thanks to reforms and policy measures in the infrastructure sector. Initiatives of the new (central) government have made the macro parameters favourable to the industry. With the economy reviving and inflation under control, some reforms such as opening up the insurance and defence sectors for more FDI (foreign direct investment) will lead to more infrastructure projects requiring our equipment