The incentive programme remunerates Volvo EC200D and EC210D excavator customers in Singapore, Malaysia and Indonesia with aftermarket credit for consuming less than the stipulated fuel consumption target for their respective country.
When joined with large buckets, the EC530E and EC550E are pass-matched to fill articulated haulers in the 30- to 40-ton class, demanding fewer passes to load them and decreasing cycle times.
Naitwar Mori Hydro Electric Project has the potential to generate 265.5 million units of electricity every year and State of Uttarakhand will get 12% free Power as a Royalty.
Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro, speaks on the various product offerings from your company in the HEX segment.
According to the Off-highway Research, the sale forecast for crawler excavators from 2019-2024 is 24 per cent whereas the mini excavator market is expected to grow by 39 per cent during the given duration.
Last year, the excavator market touched 18,000 units. The start of last year was good. Later on the numbers dipped due to Covid-19 pandemic. However from September onwards, the market picked up.
Initially during first quarter of FY2021 there was decline in sales of hydraulic excavators due to pandemic. During second quarter the sales have improved and subsequently, during third and fourth quarter the sales of crawler excavators has picked up and ended with a total sales growth of 8 per cent compared to previous FY2020.