Pai Machines, a subsidiary of Infra Bazaar Tech Pvt Ltd, has completed an asset purchase of L&T Construction Equipment Limited’s manufacturing facilities, marking a significant expansion in the construction equipment sector. The acquisition, finalised in December 2024, includes a plant with a production capacity of 1,800 units and a 70-member team, including a 40-person product development group.

The transaction enables Pai Machines to enter the construction equipment market with machines ranging from 25 to 75 lakhs in value. Founder Abhijeet Pai aims to leverage the acquisition to develop next-generation electric machinery for earth-moving and construction sectors, with plans to diversify into batching plants, electric tractors, wheel loaders, and mini excavators.

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Riding the wave of India’s construction equipment industry growth, projected at 18 per cent between 2024-2029 and expected to reach $25 billion by 2030, Pai Machines intends to capitalise on the national infrastructure pipeline and urbanisation trends. The company plans to implement AI and machine learning technologies for predictive maintenance and introduce environmentally sustainable solutions.

The strategic move positions Pai Machines to challenge the current limited market share of Indian companies in the construction equipment sector.