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CATERPILLAR KICKS OFF ITS NEXT 100 YEARS OF production facility, designed to support Sany India’s mission of
INNOVATION AND INDUSTRY LEADERSHIP enhancing its product offerings and delivery timelines.
Caterpillar Inc. (NYSE: CAT) recently marked its 100th anniversary Speaking at the inauguration, Xiang Wenbo, Chairman of SANY EQUIPMENT
with celebrations throughout the U.S. that commemorate a Group, emphasized the strategic importance of the expanded
monumental moment in the company’s history. The iconic facility. He stated, “This new factory represents a significant step
manufacturing company officially turns 100 on April 15, marking forward in our commitment to delivering world-class products
a century of customer-centric innovation and industry-leading with utmost precision. By incorporating the latest manufacturing
transformation. The Holt Manufacturing Company and the C.L. technologies, we are positioning ourselves to meet both the
Best Tractor Co. merged to form what was then known as the challenges of today and the demands of tomorrow.”
Caterpillar Tractor Co. in 1925. From the company’s first track-type Mr. Wenbo further underscored India’s long-term potential,
tractor designed to pull combine harvesters in Northern California describing the country as a critical operational hub for SANY’s
to autonomous construction and mining equipment and engines overseas business and a cornerstone of the company’s global
that power the world today, Caterpillar products and services have strategy. Adding to this, Deepak Garg, Vice Chairman &
helped its customers complete infrastructure projects that have Managing Director, SANY India, remarked, “The inauguration of
shaped the modern world. our new factory Expansion represents a significant leap in SANY
“Our success over the last 100 years is a testament to the hard India’s manufacturing capabilities. This facility also supports
work and dedication of our employees, the continued trust of our our commitment to the Prime Minister’s vision of ‘Make in India’
customers and the support of our dealers and business partners,” by enhancing exports to key markets and driving increased
said Caterpillar Chairman and CEO Jim Umpleby. “I am proud localization in our manufacturing processes. These efforts not only
to lead such a strong team, and I’m confident Caterpillar will boost India’s manufacturing prowess but also strengthen our role
continue to help our customers build a better, more sustainable in the nation’s infrastructure development story.”
world over the next 100 years.” This investment not only enhances production efficiency but
Celebrations took place in Sanford, North Carolina and Peoria, also underscores SANY India’s focus on streamlined operations,
Illinois. At the company’s global headquarters in Irving, Texas, reduced timelines, and superior customer satisfaction.
the families of company founders C.L. Best and Benjamin Holt As a leader in the heavy equipment industry, SANY India continues
will gather with company leaders and employees to celebrate to set benchmarks for innovation and excellence. With this
the first 100 years of innovation as Caterpillar begins its journey expansion, the company reinforces its position as a key driver of
into the next century. The Centennial World Tour embarked on its India’s infrastructure development, meeting the evolving needs of
journey to visit Caterpillar facilities around the world and provide a dynamic and competitive market.
an interactive and immersive experience for employees and
visitors. The company is also commemorating the milestone with TRANSITION TO CEV-V EMISSION NORMS, COUPLED
limited-edition “Centennial Grey” painted machines available WITH NEW SAFETY STANDARDS TO DRIVE A 12-15%
for purchase in 2025. Caterpillar invites its global employees, COST SURGE FOR CONSTRUCTION EQUIPMENT
customers and stakeholders to join in its 100th anniversary MANUFACTURERS
celebrations all year long. To learn more about Caterpillar’s 100th The Indian Construction Equipment (CEV) industry transitioned
anniversary, visit www.caterpillar.com/100 to CEV Stage V emission standards for non-road diesel engines
w.e.f. January 1, 2025. Additionally, multiple safety requirements,
SANY INDIA INAUGURATES STATE-OF-THE-ART FACTORY as contained in Automotive Industry Standard (AIS)-160 and more
EXPANSION TO MAXIMIZE PRODUCTION ACCURACY stringent noise levels (for operator and pass-by), also became
SANY India, a leading manufacturer of construction equipment, effective from January 1, 2025. Cumulatively, these changes are
has inaugurated a state-of-the-art factory at its sprawling 90-acre expected to push up the average cost of equipment by 12-15%,
manufacturing facility in Pune. This expansion is a significant stride which will likely be passed on to the customer over the next 12-18
in enhancing production capacity & localized manufacturing in months. Despite the near-term impact on CEV affordability and
India. Further reinforcing SANY`s commitment to the Indian market demand, the benefits of these changes are likely to outweigh
and developing India as a global sourcing hub. through better equipment safety, operator comfort and export
Designed with advanced, process-driven manufacturing potential to developed markets for the sector. The regulation
methodologies, the new facility is a testament to SANY India’s focus permits CEVs manufactured till December 31, 2024 (with earlier
on delivering high-quality, reliable products tailored to diverse emission and safety norms) can be also sold in the domestic
customer needs. With an annual production capacity exceeding market till June 30, 2025. Consequently, the pre-buying (due to
14,000 units, the facility also supports a robust fabrication capacity anticipated price hikes) is likely to be mainly concentrated in Q1
over 100,000 metric tons per year. These capabilities position FY2026, supporting volume growth in next fiscal.
SANY India to efficiently cater to increasing demands across In 8m FY2025, the domestic CEV sales volumes witnessed a 2%
construction, mining, and energy sectors in India and overseas YoY growth. ICRA expects 0-2% YoY growth in industry volumes for
while maintaining flexibility and accuracy in its operations. the full fiscal 2025, and relatively better 4-7% YoY growth in FY2026.
The inauguration ceremony, held at Sany India’s Pune facility, was The volume growth in the next fiscal remains contingent on GoI’s
graced by Mr. Xiang Wenbo, Chairman of SANY Group, who was capex outlay on key infrastructure development schemes and
joined by senior leadership team. Together, they unveiled the new timely pick-up in awarding activity.

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