October 31, 2023, India, On the eve of the Durga Puja festival in India, XCMG's Indian subsidiary celebrated a significant milestone by producing its 2000th excavator, marking a key achievement in its localization efforts. Since its establishment in India, XCMG has been market-oriented and has developed a product portfolio tailored to the Indian working conditions. The company has also assembled a mature and efficient management and manufacturing team, resulting in a doubling of its market sales. XCMG's Indian subsidiary is committed to further expanding in the Indian market and extending its influence to neighboring countries, playing a more prominent role as a manufacturing center in South Asia.

Since the official start of production on December 31, 2021, XCMG's Indian subsidiary has actively invested in the local market. They have recruited industry-experienced managers and skilled workers, established a mature local team, emphasized high-quality development, and worked on both product quality stability and competitiveness enhancement. They have created a "three-in-one" supply system comprising local suppliers, Japanese and South Korean suppliers, and domestic proprietary suppliers, successfully establishing overseas manufacturing bases and a stable global supply chain system. Simultaneously, they have continuously introduced advanced domestic experiences in intelligent manufacturing and lean production processes, rapidly improving their local manufacturing capabilities and advancing to a top-five position in the industry, making them a significant player in the Indian construction machinery market.