L&T expects a 20% growth in its construction and mining machinery segment in FY26.

Larsen & Toubro (L&T), an infrastructure major, expects its construction and mining machinery business to grow at least 20% in the next fiscal year, with plans to double sales in the next five years. The company aims to achieve this by investing in its service capabilities and launching new products like the Komatsu PC35 mini excavator. L&T has a joint venture with Komatsu Ltd to manufacture construction equipment and hydraulic components in India. Although Komatsu focuses on manufacturing, L&T handles customer interaction, pre-sales, after-sales, service, spare parts, and warranty. The company is confident it will achieve 15% growth in the current financial year, despite potential restrictions on government spending. L&T is also working on its “Lakshya Vision Plan,” a five-year strategic plan to outline its goals. Notably, all Komatsu machines can run on B20 biodiesel, and the company is upgrading to B30 to reduce fuel costs further. With an 80-year history, L&T Construction & Mining Machinery is a pioneer in India, introducing hydraulic excavators and vibratory compactors.