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Home arrow Business News arrow Hyundai CE launches 34 ton excavator designed and manufactured in India
Hyundai CE launches 34 ton excavator designed and manufactured in India Print E-mail
Written by James   
Tuesday, 29 November 2011
Bangalore: Hyundai Construction Equipment India Pvt. Ltd.(HCEIPL), a subsidiary of Hyundai Heavy Industries, Korea, has launched a 34 tonne R340 LC-7 excavator specially designed and manufactured in India for heavy construction, marble, granite and quarry application.

The operating or total weight of the machine is 34 tonnes, with an engine power of 260 HP (191 KW) at 1750 rpm. The bucket capacity of the excavator is 2.1 m3 GP (General Purpose), 1.76 m3 RB (Rock Breaker).

Hyundai is present in India with its wide range of Crawlers, Wheeled excavators varying from 8 tonne to 80 tonne and Wheel Loaders (HL760 and HL770). These excavators and wheel loaders are fitted with engines from Cummins and Hyundai.

During the year 2010, Hyundai sold 1275 units and captured a market share of 11% in the Indian excavator market and is positioned at No.3.

The company's manufacturing facility is set up over 50 acres of land at Chakan near Pune in Maharashtra with an initial investment of Rs. 300 crore in 2007. The plant offers  customers across India and neighboring countries, Hyundai's advanced 20T machine i.e. R210-7, R215LC-7 and R220LC-7 besides R110-7 excavator and the R340 LC-7 excavator.

To cater the needs of high end customers of niche business application Hyundai imports high end excavators ranging from 30T to 80T such as R500LC-7 and R800LC-7 from Korea.

"The Indian construction equipment industry is well poised for growth which is a key contributor to the Indian economy. This industry in India is expected to grow to a size of US$ 6.5 billion by the year 2014 as reported by the Confederation of Indian Industries (CII). Our impeccable track record & cutting edge technology will help us serve this industry better eventually setting a benchmark," said Prabhat Kumar Tiwari, Head Sales & Marketing, Hyundai Construction Equipment India Pvt. Ltd.

Last Updated ( Wednesday, 30 November 2011 )
 
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