Sentiment at this edition has been particularly encouraging. Customer footfalls and engagement levels from the first day itself were noticeably higher than previous editions. The intensity of discussions and early customer interactions point to stronger intent and a more confident market outlook.

We have introduced multiple new products across conventional and electric segments. These include electric versions of port equipment, forklifts, wheel loaders and a mining dump truck. Alongside these, several updates have been made to our core product portfolio. The launches reflect a balanced focus on continuity in mainstream equipment and a clear push towards electric solutions.

Ports are emerging as a major growth segment, driven by aggressive targets around productivity improvement and carbon footprint reduction. Large port operators are actively evaluating electric fleets to improve turnaround times while meeting sustainability goals.

Another strong demand driver is renewable energy, particularly wind power. As wind turbine capacities increase, there is rising demand for high-capacity cranes, including 800-tonne class crawler and lattice boom cranes. This trend is expected to continue over the next few years.

Localisation has become essential for long-term sustainability. Imports are increasingly unviable, and policy direction clearly favours domestic manufacturing. XCMG has significantly accelerated localisation across products manufactured in India. For instance, excavator localisation has crossed 60 per cent within two years.

However, localisation of very large equipment remains challenging due to high capital requirements and limited volumes. Smaller and mid-sized equipment categories are progressing faster on this front.

Our priorities include strengthening our position in excavators, where we currently hold around a 10 per cent market share, expanding our electric equipment portfolio, and consolidating our road construction machinery range. With road infrastructure gaining momentum, we now offer a complete suite covering paving, milling and recycling applications. Electric equipment and renewable-linked demand segments will remain central to our strategy.

The rapid expansion of equipment fleets has led to a sharp increase in demand for skilled operators, especially for cranes and other complex machines. To address this, we have launched structured operator training programmes, including simulator-based classroom training and on-site practical sessions.

We are also working towards certifying trained operators and supporting their placement with customers. Skill development is becoming an integral part of our engagement with the market.