Earthmoving equipment marker Kobelco construction Machinery of Japan will invest $9.85 million to set up a hydraulic excavator factory in India. ‘We will be making 20-ton excavators as our company commands nearly 50 percent of the 8,000-unit per annum market,’ said Kobelco India president and chief executive Vikram Sharma.

The plant will manufacture 1,200 units annually.

The company has 40 Dealers in India. Local production unit will assure customers of faster delivery of components.

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