Pai Machines has acquired the manufacturing facilities of L&T Construction Equipment, signaling a strategic move into the construction equipment sector. The acquisition, finalized in December 2024, includes a high-capacity plant capable of producing 1,800 units annually and a 70-member team, with 40 individuals dedicated to product development.

This expansion allows Pai Machines to offer a range of machines priced between Rs 25 and Rs 75 lakh and positions the company to innovate in the construction and earth-moving machinery market. he acquisition to develop next-generation electric equipment. The company's future roadmap includes diversifying its product line with batching plants, electric tractors, wheel loaders, and mini excavators. Additionally, it plans to integrate artificial intelligence (AI) and machine learning (ML) technologies for predictive maintenance and introduce environmentally sustainable solutions.

The acquisition aligns with India’s growing construction equipment market, projected to grow at an 18 percent annual rate from 2024 to 2029, reaching USD 25 billion by 2030. By capitalising on trends in urbanisation and the National Infrastructure Pipeline, Pai Machines seeks to enhance its presence and reduce the reliance on international players dominating the sector.