Backhoe Loaders are the most famous JCB equipment we knew inside India as Bulldozer(it’s not) as it is the most common name for it. In India, the backhoe loaders are known as JCB. Such is its brand value in the Indian market. But, What is the full form of JCB?
JCB Full Form stands for Joseph Cyril Bamford. JCB is one of the best company related to earth moving and construction equipment throughout India and other parts of the world. The company was established in 1979 in the United Kingdom.
The company has 5 modern and state to the art plant inside India where they manufacture and export the earth moving and construction equipment throughout the world. Same factories also manufacture for Indian markets.
Salary and benefits in JCB
Average Salary in JCB India is Rs. 8,09,000 per annum.
JCB or Joseph Cyril Bamford is a UK company. The company was started in the UK in 1979 as a joint venture.
JCB or Joseph Cyril Bamford has a Branch in India known as JCB India. JCB India average salary is approx Rs. 8,09,000 per months. The average salary in JCB India ranges from Rs. 3,00,000 to Rs. 24,00,000 per annum approx. The average salary in JCB India is quite good according to Indian markets. As the company is MNC, its working condition is also top-notch. The company provides great working conditions to its employees.
A Design engineer in JCB earns an average salary of Rs. 478,000 per annum. The salary for design engineer goes from Rs. 2,30,000 per month to Rs. 10,00,000 per month.
Operation engineer in JCB India earns an average salary of Rs. 11,00,000 per annum which can go up to Rs. 40,00,000 per annum.
Equipment and Attachments made By JCB-
JCB or Joseph Cyril Bamford makes the following products and attachments which are-
- Backhoe Loaders
- Mini Excavators
- Super Loaders
- Skid steer loaders
- Wheeled Loaders
- Telescopic Handlers
- Agriculture Attachments
- Forks and cranes
- Earth Drills
- Grabs and grapples
- JCB intelligent Greasing solution(JIGS)
- Heavy lines
- Quick hitches and carriages
- Ripper’s tooth
- Sweeper collectors
- Specialist Attachments
These are the products which are manufactured by JCB India inside its factories in India. All these equipment are exported throughout the world. As we can see that JCB manufactures many types of products and in different ranges.
Can you earn money by leasing your JCB with construction firm?
As mentioned above, JCB or Joseph Cyril Bamford is quite famous in India for its working capacity. Its Backhoe loader is very famous in construction firms. Many people think of buying a JCB machinery and leasing them to construction firms for earning a good amount of money. Some firms go and purchase JCB machinery in higher number so that they can lease them and earn the profit.
JCB Backhoe loader cost near Rs. 21 lakh. Let’s take its value as Rs. 25 lakh.
A firm purchases 10 JCB backhoe Loaders. The cost will be approx Rs. 2.5 crore. You take a loan from a bank and the interest will be 8%. You have 15 years to pay the loan back to the bank. After calculation of the EMI of all your JCB machinery, the Total EMI will be approx Rs. 2,40,000 per month.
Now let’s see how much you can make with those JCB’s.
JCB per hour rate is Rs. 800/ hour. Suppose your Single JCB works 8 hours for 20 days each month. The total return in a single month will be Rs. 128,000 by single JCB. Now in this regard, 10 JCB machinery will pay you Rs. 12,80,000 per month.
After returning the loan amount and paying salaries, you will be left with approx Rs. 4,00,000 to Rs. 5,00,000.
It is a profitable business in theory or on papers but we should not forget about Taxes, maintenance, sudden repairs and most importantly the availability of work for your JCB machines.
Everything has its pros and cons. So you must choose wisely between your options of whether you can buy JCB to give it on lease.
Q&A on JCB
Q1. What is the JCB full form
Ans. JCB Full Form is Joseph Cyril Bamford. also JCB full form in hindi is “जोसेफ सिरिल बामफोर्ड”.
Q2. JCB main Website
Q3. JCB price in India
Ans. JCB price in India is RS – 25,68,750
So we have finally concluded this article. We have read about JCB India Ltd. And its history. We have read about JCB India products and we have also read that whether we should purchase a JCB for additional income or not.
Written by- Aditya Soni