The Indian market shows stable growth potential, driven by favourable macroeconomics, supportive government policies and significant infrastructure investments. The construction equipment market in India for FY2023-24 has surpassed 100,000 units per year, making it the third largest market globally. Specialised machines, such as excavators, account for about 30-32 percent of total construction equipment demand. HD Hyundai has achieved a record of 47,000+ excavators sold from its India Smart factory since its inception in 2008. With a large population of existing excavators in India, it sees a very big opportunity to add value for customers by rebuilding their existing machines at competitive rates, thus making them save on Capex.

New Arc Facility in Durgapur Delivers Premium Rebuild Services for Aging Hyundai Excavators ARC Facility Overview:

The ARC workshop is designed according to the firm's global quality standards. It initiated its own ARC in 2021 at Chakan Pune which caters mainly to Western and some parts of the Central Region. It then opened the second ARC with Unity Earthtech (Dealership in Faridabad (NCR region) for the Northern region. The company has rebuilt over 150+ excavators and has a robust pipeline of customer orders in hand.

HD Hyundai recently inaugurated its third ARC centre operated by Knowteq Equipcare LLP, in Kajora, Durgapur under the technical support and guidance from HD Hyundai. This Eastern Region ARC will cater to customers in the East and North East regions.

This facility is specifically designed for rebuild and refurbishment of old Hyundai excavators, etc. It is equipped with all state-of-the-art modern manufacturing and testing facilities for major structural repairs, critical components overhauling like engines and major hydraulic aggregates.

The inauguration of the ARC in Durgapur took place on the auspicious day of Vishwakarma Pooja, in the presence of the chief guest, Seong Woo Shim, Managing Director, HD Hyundai Construction Equipment India and Rajiv Chaturvedi, Vice President and HCEI Team. The senior management team from Knowteq Equipcare LLP, including their GM, Sarup Agarwal was also present.

At ARC Durgapur, we are dedicated to providing rebuild and refurbishment facilities for HD Hyundai excavators because we understand our customers' need for reliability and long-term value from their equipment.

(Communication by the management of the company)