Mahindra enters into machinery for construction industry

Mumbai : Mahindra & Mahindra Ltd has decided to enter in to the construction equipment business. The government is also focusing on infrastructure development of the country and the company is looking forward to grab the opportunity. Mahindra and Mahindra Ltd is the leading tractor-to-technology company with a networth of $7.1 billion. It has introduced its earth moving machines.

The company has identified its niche market in this sector. Around 54,000 machines are being used for construction of buildings, roads and ports and other construction activities.

India is a large market for such equipments and there is a huge demand for these equipments every year.

Ashok Leyland Ltd is also planning to enter this market by launching its products in this segment this year with the help of US-based John Deere.