Pai Machines has acquired the manufacturing facilities of L&T Construction Equipment, marking a significant step into the construction equipment sector. This deal, completed in December 2024, includes a high-capacity plant that can produce up to 1,800 units annually and a dedicated workforce of 70 employees, 40 of whom focus on product development.
This acquisition strengthens Pai Machines’ ability to offer a broad range of construction and earth-moving machinery, with prices ranging from Rs 25 lakh to Rs 75 lakh. The company’s forward-thinking strategy includes developing next-generation electric equipment, with plans to expand its product line to include batching plants, electric tractors, wheel loaders, and mini excavators. Moreover, Pai Machines intends to incorporate artificial intelligence (AI) and machine learning (ML) for predictive maintenance, ensuring a competitive edge in both performance and reliability.
This strategic acquisition positions Pai Machines to meet the increasing demand in India’s construction equipment market, expected to grow at an annual rate of 18% from 2024 to 2029, reaching USD 25 billion by 2030. As urbanisation accelerates and the National Infrastructure Pipeline progresses, Pai Machines aims to capitalise on the opportunities, reducing the sector’s reliance on international manufacturers.
The company’s focus on innovation and sustainability will allow it to introduce more eco-friendly solutions, supporting the industry’s shift towards cleaner, greener technologies. With this move, Pai Machines is set to reshape the landscape of India’s construction machinery sector, ensuring its leadership in the evolving market.
