Indian Construction Equipment Maker Targets 15% Export Revenue Amid Global Headwinds

Construction equipment maker ACE is aiming for exports to account for 15 percent of its revenue within the next two to three years. Currently, exports contribute between 7 and 8 percent of the company’s revenue, which was 5 percent in the previous financial year. The company noted that the ongoing West Asian conflict has impacted operations, suggesting that without the disruption, export contributions could have reached 8 to 10 percent this year.

ACE is actively expanding its international market reach into Africa, Europe, North America, and Latin America. The company's expansion targets ambitious growth goals, aiming to significantly increase its reliance on international sales. The geopolitical instability caused by the West Asian conflict adds significant operational risk to these international market pushes.