?TIPL has already tied up with Sitech, a distribution network for the most reliable and rugged construction technology systems available to the heavy and highway contractors today, says G V R Murthy, Joint Managing Director, TIPL.
?The market volume for excavators is expected to be around 7,000 machines and this is expected to touch 15,000 in the next five years, says AM Muralidharan, Managing Director, Volvo India.
With strengthened critical components and superstructure, proven reliability of Japanese hydraulic components and Plexus filter system, our power-packed excavators perform excellently in the toughest conditions.
The market potential for hydraulic excavators in India looks to be most promising, as a large number of players have entered the scene. What's more, the boom is expected to last for quite some time. Agith G Antony digs up the facts.
India is currently the fourth- largest construction equipment market in the world; its share in the global demand has grown from three per cent in 2006 to six per cent in 2010, and is likely to further grow to eight per cent by 2015.
Mahindra & Mahindra (M&M), India?s leading utility vehicle and tractor manufacturer, announced its entry into the construction equipment business with the launch of the Mahindra EarthMaster backhoe loader.
In its endeavour to promote quality and speed of construction, Suretech has joined hands with Miller and Webster of UK and All Kor Company of Korea for various excavator attachments.
In its ambitious drive to become one of the top ten construction equipment makers in the world, LiuGong is expanding its manufacturing and support capabilities in an aggressive way.