Doosan Bobcat opens backhoe loader plant in IndiaPublished 10/10 at 13:10
Doosan Bobcat has opened a new backhoe loader plant in India, thus marking its entrance into one of the world’s three largest markets for compact construction equipment industry.
This was marked when on 4 June 2018, Doosan Bobcat president and chief executive, Scott Park, visited the new backhoe loader plant in India, where he inspected progress. The new site is 80,000 m2,
has a factory floor area of 15,000 m2 and is capable of producing 8,000 machines a year.
Doosan Bobcat has entered the backhoe loader market in a bid to expand its emerging market portfolio with the aim of exploring mid and long term growth. India’s compact equipment market is the third largest in the world after the US and China, with an estimated worth of approximately €1T, with backhoe loader sales accounting for more than 80%. Since 2014, the Indian backhoe loader market has grown at an average annual rate of 9.7%.
By acquiring dormant facilities, Doosan Bobcat is able to dramatically shorten the period from preparation time to shipping time when compared to establishing an entirely new plant, with the first batch of backhoe loaders being available by the second half of 2019. Scott Park said of the development: “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.”