Rahul Shorey of Tata Hitachi: We are working on excavators meeting next-gen emission
Rahul Shorey, National Head (Construction), Tata Hitachi Construction Machinery Company, speaks on the opportunities and major challenges faced in the hydraulic excavator segment.
What is the present size and growth rate of the hydraulic excavators market in India? How has the market evolved in the last couple of years?
The excavator market peaked in FY2018-19 following three years of sustained growth led by increased government focus and investment in the infrastructure sector. However, the excavator market was significantly affected national elections in early FY2020. This was followed by liquidity issues as a fallout of elections, as well as the continuing effects of the IL&FS crisis. Further, just as the market was recovering its growth trajectory from