| Photo Credit: SPECIAL ARRAGEMENT
Bull Machines, which unveiled its BS5-CEV Stage V environmental regulations compliant backhoe loader on Friday, is looking at increasing its annual production capacity and almost doubling its turnover in the next 12 months.
V. Parthiban, Managing Director of Bull Machines, told the media in Coimbatore that the company hopes to end FY25 with approximately ₹1,200 crore revenue and double it in FY26. At present, the firm is selling almost 2,200 vehicles in the domestic market annually and exporting close to 3,000 vehicles. In 2025-2026, its production capacity will increase to 9,000. The company is investing ₹120 crore for capacity expansion in Coimbatore and in automation.
With the number of vehicles sold on the rise, the company plans to have 400 authorised service centres across the country in two years. It is looking at strengthening its distribution network globally to increase its market share and export to 100 countries from the current 65 countries to become the second largest in the backhoe loader sector.
Mr. Parthiban added that Bull Machines will launch a mini excavator during the festival season in the Indian market.
Published – March 21, 2025 08:33 pm IST
