We anticipate 10% growth in excavator volumes
Could you elaborate on the new product launches at Excon?
The theme for this edition is Chalo Desh Banaye, translating to a focus on performing a duty towards sustainable nation-building. During the inaugural session, Minister of Road and Transport, Nitin Gadkari emphasised on creating a sustainable ecosystem. We unveiled the first indigenously manufactured electric mini excavator, showcasing our commitment to sustainability and alternate fuels.
What are the key features and challenges of the electric mini excavator?
The challenge lies in making it perform as well as a conventional excavator. Currently, it can work for about three to four hours continuously with a single charge. The commercial launch is still in the trial stage, and support from the government for charging infrastructure is crucial. Despite challenges, the future looks promising, and with collaboration, a commercial launch could happen sooner.
How is sustainability integrated into your new products and processes?
Sustainability is not just for our customers but starts within our operations. About 80 per cent of our power needs are met by solar power in our factories. Waste disposal is managed efficiently, and we actively contribute to biodiversity. Were incorporating sustainability into our production solutions to make customer operations more eco-friendly.
What key trends do you observe in the construction equipment industry?
The growth of the mini excavator segment, driven by demands in agriculture, solid waste management, and government projects like Har Ghar Jal Yojana, is a significant trend. Mining is another growth driver, requiring both equipment and support solutions. Customised equipment is becoming a trend, with a focus on solutions like the awakened recycler for vehicle scrappage.
Are there plans for capacity expansion given the acceleration in new product launches?
Tata Hitachi has ample production capacity, but we are exploring expansion outside India to meet growing demand. We have a robust network of dealerships, machine care facilities, and spare parts distribution to support our customers.
How was the performance this year, and what are the plans for the upcoming year?
We anticipate more than a 10 per cent growth in excavator volumes and close to a 15 per cent growth in turnover, driven by a change in the equipment mix. The next quarter is crucial, and we are optimistic about closing the year on a positive note.
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