JCB turnover up 60% at Rs 3,280 cr

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New Delhi, Jan 21 (UNI) JCB India, heavy construction vehicle maker, today said its turnover has increased by 60 per cent to Rs 3,280 crore during 2007, compared Rs 2,050 crore a year ago.

The company has sold more than 17,000 machines during 2007 as comapred to about 10,800 machines in 2006.

''The company has also increased the number of dealer outlets to 285 from 202 between 2006 and 2007,'' company Chairman Anthony Bamford said.

''India is a very important market for JCB worldwide. We are fully committed to the meeting the growing demands of the Indian industry and have planned our growth path by making strategic investments in our manufacturing facilities in both Ballabgarh and Pune,'' JCB India Managing Director Vipin Sondhi said.

Company Managing Director Vipin Sondhi said the firm is investing Rs 300 crore for doubling the capacity of our Ballabgarh plant, in addition to spending Rs 20 crore on a new parts distribution warehouse in Pune.

Currently, over 3,000 operators are being trained in India and this number is likely to increase substantially in the years to come.

JCB in India is a fully-owned arm of JC Bamford Excavators Ltd, the UK and has three manufacturing plants in India -- one in Ballabgarh (Haryana) and two at Talegaon in Pune.

UNI SR SBA RN2102

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