DOOSAN Bobcat has set its sights on the Indian compact construction machinery sector after opening a new backhoe loader plant in the country.
The manufacturer’s president and CEO, Scott Park, recently visited the facility, which Doosan Bobcat took over in May. The 80,000㎡ site, which includes a factory floor area of 15,000 ㎡, is said to be capable of producing 8000 machines a year.
India’s compact equipment market is the third largest in the world after America and China. Doosan Bobcat revealed that since 2014, the Indian backhoe loader market has grown at an average annual rate of 9.7%.
Scott Park said, “With government-led infrastructure investment increasing in recent years, the compact market is growing rapidly in India, making it a highly attractive market. Our mid and long-term goal, beginning with backhoe loaders, is to lead the Indian small construction machinery market.”
