Coimbatore-headquartered heavy machinery manufacturer Bull Machines is poised to conclude the current financial year on a strong note, with projected export revenues in the range of Rs 600 to Rs 650 crore. Riding on its growing international footprint, the company is implementing a significant expansion initiative aimed at doubling its annual production capacity from the current 4,500 units to 9,000 units. This ambitious project involves a capital expenditure of Rs 120 crore, fully funded through internal accruals, and is expected to be completed within the next nine months.
Speaking about the development, Managing Director V. Parthiban highlighted that a portion of the enhanced manufacturing capacity will become operational within the next four to five months, allowing the company to gradually scale up output in response to robust global demand.
“We export to all regions except the United States and Europe. Our strongest markets are currently in the Middle East, Africa, and Latin America, and we’ve recently started exporting to Southeast Asia as well,” said Parthiban. He also revealed that the company will begin exporting mini excavators next year, further diversifying its product offerings. However, the company's core exports remain backhoe loaders and skid steer loaders, which continue to see strong traction overseas.
Bull Machines is expected to clock in a total revenue of nearly Rs 1,200 crore for the fiscal year, with exports accounting for approximately 55% of the total turnover. Encouraged by the global demand, the company is now planning to expand its product portfolio by entering the telehandler market, primarily to cater to international markets where demand for such equipment is significantly higher compared to India.
“All our capital investments are currently funded internally, and we have no immediate plans to go public,” said Parthiban, while adding, “We may consider listing in the future.”
In terms of sales performance, Bull Machines has already shipped 3,000 units, including 2,200 units sold within India during the year. “Despite stiff competition from multinational players, we have managed to outperform many of them both in the domestic and international markets,” he said. “We are currently ranked second in India and fifth globally, and our goal is to become the second-largest manufacturer in the world by 2030,” he added.
The company presently manufactures approximately 400 to 500 machines each month, maintaining a steady output that supports its expanding global footprint. With a focused vision, solid product strategy, and commitment to quality, Bull Machines is setting its sights on emerging as a formidable force in the global construction and earthmoving equipment sector.
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