Chennai, Sep 6 (IANS) Global construction equipment major Caterpillar in order to gain a sizeable share in the growing excavator market has launched two new models in the 20-ton capacity category, said a senior official.
Nearly 70-80 per cent of the market is dominated by the 20-ton machines and the industry is expected to sell about 25,000 units this year, Gurman Reen, Director Sales and Marketing, Global Construction and Infrastructure- Caterpillar India said on Thursday.
He said out of the two new excavators launched, one has a 20-ton capacity and the other 23-ton.
According to John A Fallows, Managing Director, Asia Pacific, Global Construction and Infrastructure, Caterpillar Asia Pte Ltd, Indian construction industry market is second largest in the world after China.
He said the market is growing.
According to him, exports of some off-highway vehicles are being made from India.
Queried about the market for dumpers/off-highway trucks H.Jayaram, Managing Director and CEO, GMMCO Ltd said these heavy vehicles are mainly used in mines and quarries.
He said some tenders for such vehicles are under process by the buyers.