L&T Construction & Mining Machinery Aims for 20% Growth by FY26

Key Highlights

• L&T targets 20% growth in construction and mining machinery by FY26.
• Plans to double sales in five years.
• New mini excavator introduced to support growth.
• Strategic investments to improve service and efficiency.
• Partnership with Komatsu strengthens sales and after-sales services.

Larsen & Toubro (L&T), a leader in infrastructure, has set an ambitious target to achieve 20% growth in its construction and mining machinery division by the fiscal year 2026. The company also plans to double its sales over the next five years, with a focus on strategic investments and new product introductions.

Key Plans for Growth

1. Doubling Sales: L&T aims to double its sales in the construction and mining machinery sector by 2026.
2. New Product Launches: The company has already introduced a mini excavator, which is expected to play a significant role in its growth plans.
3. Investments for Efficiency: L&T is investing in improving its service capabilities and operational efficiency.

Statements from L&T’s Leadership

Arvind K Garg, Senior Vice President and head of L&T Construction and Mining Machinery shared, "Our goal for the coming fiscal year is to achieve at least 20% growth in this business. We are also focused on doubling sales and profitability in the next five years through strategic investments and by launching innovative products like the mini excavator."

Strong Partnership with Komatsu

L&T’s long-term partnership with Komatsu Ltd., which started in 1998, plays a key role in the company’s growth. Komatsu manufactures hydraulic excavators and dump trucks in Chennai, while L&T manages sales, customer interactions, and after-sales services.

"This partnership is a perfect example of teamwork. Komatsu manufactures, and we take care of sales and services. Together, we’ve created a strong, successful model," Garg added.

Commitment to Sustainability

L&T is also focused on sustainability, ensuring most Komatsu machines are compatible with biofuels. The machines run on B20 biodiesel (a mix of 20% ethanol and 80% fuel), and the company is exploring upgrades to B30 biodiesel, which would help reduce operational costs further.

With its innovative strategies and strong growth targets, L&T is committed to developing India’s construction and mining industries, making significant strides toward expanding its reach and operations.

Also Read: SANY India Expands Pune Facility to Boost Manufacturing and Support ‘Make in India’ Initiative

CMV360 Says

L&T’s ambitious growth plans, including a 20% target increase by FY26, new product launches, and strategic partnerships, position the company for success in India’s construction and mining sectors. Its commitment to sustainability and operational efficiency further strengthens its future prospects, driving long-term growth and market leadership.