According to industry sources, the company recently conducted a launch event for its 20-ton DEVELON excavator aimed at major dealers from Middle Eastern countries such as Saudi Arabia, the United Arab Emirates, Qatar, and Oman at its production facility in Pune, India.
The newly launched product is the largest segment of excavators supplied to emerging markets. By utilizing an efficient and systematic production line at its Indian factory, the company has reduced the purchase costs of key components and features, enhancing its price competitiveness.
Additionally, the technology and quality have been optimized for local working conditions, improving the functionality and durability of the existing equipment. HD Construction Machinery plans to respond to cost-effective products supplied by major global construction equipment manufacturers targeting emerging markets with this 20-ton model.
In response to the rising demand in emerging markets, the Indian factory has recently expanded its annual production capacity to approximately 9,000 units. A representative from HD Construction Machinery stated, "In addition to producing existing Hyundai brand products, we will also manufacture DEVELON equipment, aiming to establish a production system capable of 12,000 units annually by 2030."
The representative added, "The 20-ton DEVELON excavator will compete with low-cost equipment by offering core performance optimized for working environments, robust quality, and differentiated service, providing 'value beyond price.' We will leverage our Indian factory, which has become a global export hub, to expand our market presence in the competitive emerging markets."
Meanwhile, HD Construction Machinery is accelerating its efforts to increase its global export market share, having recently signed a large-scale bulldozer supply contract with the Polish military on June 4.
* This article has been translated by AI.
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