Inventory for CPCB 2 sets is exhausted and there are good sales for CPCB IV+ sets ahead of CPCB IV+ norm implementation in July. Companies like Cummins India (KKC) and Kirloskar Oil Engines (KOEL) are looking to market their CPCB 4+ portfolios.
The genset market is worth around 10,000 crore, split into three roughly equal segments across Low horsepower or LHP, midrange, and High HP (HHP).
Demand is stronger across low-tomid ranges. Overall demand may moderate in July-Sep'24 due to prebuying and seasonal factors.
KKC, KOEL, and Mahindra Powerol hold high market share with KOEL and Mahindra Powerol being more dominant in the LHP range. KKC is ramping up across all ranges of LHP, covered in CPCB 4+.
The HHP market is not covered under CPCB 4+. Data centres are a key customer segment for HHP, and KKC is the HHP leader, while KOEL's Opti-prime product for 1500/2000 kVA is picking up.
This story is from the June 22, 2024 edition of Business Standard.
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This story is from the June 22, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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