I would like to congratulate & thank you for your continued contribution in 2014. In my view, 2014 can be summarised as the year that presented significant challenges but in which we made significant progress.
While there is a lot to do ahead, we end 2014 stronger and better able to serve customers with world class products, world class distribution network and with two new, state of the art manufacturing facilities in Jaipur. 2014 has truly been a remarkable year not only for JCB but for the Indian economy as well. It is after three decades that the country has a majority government which is led by an effective and determined Prime Minister.
The new Government has certainly instilled a fresh perspective in the Indian economy which was battling with several issues like decline in the infrastructure output growth, high inflation and weak growth etc. We expect to see a turnaround in the demand for our equipment by mid next year as we are seeing a lot of push from the Government for infrastructural development. Moreover, the new reforms / policies introduced by the Government have set a positive tone in the country and hopefully, will yield positive results.
On the company front, 2014 was an action packed year with multiple big ticket activities. On 14th November 2014, the Hon’ble Chief Minister of Rajasthan, Smt. Vasundhara Raje and Lord Bamford, Chairman JCB Group inaugurated two new world class plants in Jaipur.
Then further to the “Make-in-India” campaign launched by the Modi Government on 25th September 2014, we are extremely delighted to share that we have introduced 12 Next Generation machines including 2 new product lines in India – the Telehandlers called Loadall and Skid Steer Loaders called Robot. As you know, both these products will be manufactured in India.
Other than that, on the dealership front, we end the year with 600+ outlets and 60 dealers thus reinforcing our commitment to provide best coverage and support to our customers.
Overall, it was an exciting year for JCB India.
As a company, our main objective is to maintain our leadership position in the market through establishing the best distribution network, by designing and introducing many more India centric products and above all, by providing unparalleled service to our customers.
So as we prepare for 2015, let’s all gear up to further capitalize on our strengths to deliver the best.
Good wishes for 2015.
MD & CEO, JCB India Limited