Pai Machines, the newly launched machinery manufacturing brand of Infra Bazaar Tech Pvt Ltd (IBTPL), has significantly expanded its footprint in India’s construction equipment industry by acquiring the machinery works manufacturing facilities of L&T Construction Equipment Limited (LTCEL). This strategic asset purchase includes a 70-member manufacturing team, featuring 40 product development and R&D experts, who joined Pai Machines in June 2024. The acquisition underscores the company’s commitment to integrating advanced technologies and skilled talent into its operations.
With a production capacity exceeding 1,800 units and a price range of ₹25–75 lakh per machine, the newly acquired facility employs over 300 people. Pai Machines plans to harness these resources under the ‘Make in India for the World’ initiative to develop next-generation electric machinery for earth-moving and construction sectors. The company also aims to diversify its product offerings with batching plants, electric tractors, 5-ton wheel loaders, and 3.5-ton mini excavators, addressing the needs of both the domestic and global markets.
Driving Innovation and Sustainability
Abhijeet Pai, founder of Pai Machines, highlighted the transformative potential of the acquisition:
“Our vision is to lead the in-house development of cutting-edge products while providing exceptional service. This asset purchase is a milestone in our journey to innovate and build sustainable, future-ready solutions. By integrating telematics and artificial intelligence (AI) into our product line, we are poised to redefine the construction equipment landscape in India and beyond.”
Pai Machines’ growth aligns with the rapid expansion of India’s construction equipment market, driven by government infrastructure projects such as the ₹111.3 trillion National Infrastructure Pipeline and urbanization initiatives like smart city developments. The market, projected to grow by 18% between 2024 and 2029 and reach $25 billion by 2030, offers significant opportunities for Indian manufacturers, who currently hold just 2% of the global earth-moving and construction equipment (ECE) market.
Legacy and Future-Ready Solutions
LTCEL, established in 1973, has been a prominent player in construction and mining equipment manufacturing. By inheriting this legacy, Pai Machines will ensure continued support for LTCEL’s customers while building on its reputation for reliability and trust. The roadmap includes introducing eco-friendly solutions such as electric tractors and loaders, while leveraging AI and machine learning for predictive maintenance to minimize downtime and enhance efficiency.
With its state-of-the-art Bengaluru facility, Pai Machines is positioned to deliver advanced equipment for construction, road-building, and agriculture, addressing the evolving demands of the modern economy. This move not only cements Pai Machines’ role as a key player in India’s construction equipment sector but also sets the stage for innovation-driven, sustainable growth in the years ahead.
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