Automation and the embrace of technology

Telematics and IoT are other aspects of automation that are finding their way in construction equipment.

Budget 2024: Key highlights

Key highlights of Interim Budget 2024

Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

Our company has pioneered cutting-edge technologies

Arvind K Garg, Senior Vice President and Head, L&T Construction & Mining Machinery

No Bumps in the Road

India has been investing significantly in infrastructure development, including the construction of roads, highways, and expressways. This investment has driven the demand for road construction equipment.

Charting growth path for road sector

The 13th India Roads Conference (IRC) – with the theme of "Road Construction Business: Establishing safe, sustainable, inclusive and intelligent road network in India” – explored new opportunities for stakeholders in the road construction business.

FCC highlights growth opportunities in railways

FIRST Construction Council (FCC), an infrastructure think-tank, hosted a virtual discussion forum on Oct 5, 2023, to discuss business opportunities for industry in the developing rail infrastructure segment.

Building the Future

The market for wheel loaders is seeing fresh traction due to the buoyancy in road construction activities. Fresh off take of coal due to a surge in thermal power production is adding to the demand.

Foxconn in talks for JV with TSMC and TMH Group

According to a report, Foxconn is currently in discussions with Taiwan Semiconductor Manufacturing Co (TSMC) and Japan’s TMH Group to form a joint venture and technology partnership in India with the aim of establishing semiconductor fabrication units.

NHAI grants 6,003 km of highway projects in FY23

The infrastructure project awarding activity picked up and gathered pace in Q4 of FY23 with NHAI awarding a total of 6003 km of projects in FY23 significantly below its FY23 target of 6500 km as stated in a report by Motilal Oswal Financial Services.

Fuelling the future

Backhoe loader manufacturers are developing hybrid or fully electric backhoe loaders, which significantly reduce or eliminate fuel consumption and emissions.

CE sales cross one lakh unit mark in FY2022-23

The Indian construction equipment industry recorded an excellent 26 per cent growth YoY with sales crossing the one lakh unit mark in FY2022-23.

Construction equipment sales grew 26% to cross 1 lakh mark in FY2022-23

YoY 28.5% growth in domestic sales, 3% growth in exports

Creating Compact Foundations

The upward trend of mechanisation in the construction and road-building industries is expected to drive the compaction equipment market in India.

Timken India to start making CRBs, SRBs locally at Bharuch

Timken India plans to set up a new facility at Bharuch in Gujarat to manufacture spherical roller bearings (SRBs) cylindrical roller bearings (CRBs) and other components.

Up-grading roads!

The road construction industry in India is undergoing a paradigm shift. Robust demand, higher investment and significant policy support in the road construction industry are driving the demand for motor graders in India.

Timken India to start making CRBs, SRBs locally at Bharuch

Timken India plans to set up a new facility at Bharuch in Gujarat to manufacture spherical roller bearings (SRBs) cylindrical roller bearings (CRBs) and other components.

There is a huge demand for rental equipment throughout the CEQ category

Sandwiched between the price surge and the infrastructure boom, Vishal Sharma, Business Partner, Reach International, talks about the rental equipment scene in the Indian equipment market

Mining opportunities!

Government’s thrust on coal mining is expected to significantly impact demand for mining equipment.

There is a huge demand for rental equipment throughout the CEQ category

Sandwiched between the price surge and the infrastructure boom, Vishal Sharma, Business Partner, Reach International, talks about the rental equipment scene in the Indian equipment market

Rent or lease – what’s the best option

Satin Sachdeva provides an ideal model – OEMs should sell equipment to equipment rental companies with the support of financers.

Rent or lease – what’s the best option

Satin Sachdeva provides an ideal model – OEMs should sell equipment to equipment rental companies with the support of financers.

On track: double-digit growth

Distribution, digitisation and electrification are expected to be the key drivers of the earthmoving equipment industry in the coming years.

Loaded with opportunities

The wheel loader market is estimated to be valued at over $23.74 billion by 2030. It is anticipated to reach a CAGR of over 8.9 per cent during the forecast period from 2022 to 2030.

There is a surge in rental demand for AWP and MHE

Vishal Sharma, Business Partner, Reach International, speaks on the scenario of the rental market in the construction equipment segment

Overall, the market scenario in India looks promising

Excon has always been a confluence of construction equipment ecosystem members like equipment and component manufacturers, customers, financiers, equipment dealers and policy makers.

Eyeing new heights

The year 2021 gave numerous ups and downs for the construction equipment and equipment financing industries. When the year comes to an end, the sectors look forth towards infrastructure as the ‘Growth Puller’ for the period ahead.

infra demand boosts rental market

Rental is the future. Infrastructure stimulus measures and pent-up demand in the Indian market suggest growth ahead for equipment rental firms.

Budget 2022 and a big infra push

The union budget can be termed as a growth-oriented one, with the government focusing strongly on world-class infrastructure development.

Improving energy efficiency

Asphalt plant manufacturers and operators are understandably placing great emphasis on higher productivity.

Booster shot for infrastructure sector!

The Budget seems to be focused on high impact areas and accelerating the capital expenditure cycle.

We expect heavy truck market in India to grow by 60% in 2021

A healthy mix of construction activities, especially affordable housing and de-regulation of the mining sector with proactive private participation are reviving demand for the tippers segment.

Demand for higher tonnage cranes is likely to grow

With the government’s heavy investment on infrastructure development, the mobile crane market in India is showing gradual signs of improvement, which was impacted by the pandemic.

Fully loaded with opportunities

For a construction site to function without a loader may be impossible. Add to this the fact that the awareness to use the right tool for the right job is growing. The future of loaders looks bright despite the recent slowdown. The influx of new technology is ensuring that they are ever versatile and profitable to operate.

Wheel loader market is dominated by 120-150 HP range equipment

In the current context, users prefer wheel loaders that deliver higher productivity at lesser operating costs, along with enhanced servicing of their machines across their work cycle.

We expect the demand to grow for hydraulic excavators

Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro

With infra plans in place, there will be continuous growth for hydraulic excavators

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.

BMC’s expenditure on development project rises

For the first time in over a decade, the BrihanMumbai Municipal Corporation (BMC) has spent over 88 per cent of the allotted budget for developmental activities/projects during FY 2021-21.

Rising Tide

Financial year (FY) 2020-2021 was a year of transition for the auto components industry.

Focus on infra to revive economic growth

The government’s focus on building infrastructure will create jobs and revive economic growth

Next stage of airport privatisation to begin in April

Next stage of airport privatisation to begin in April

Budget spurs order books

The Budget 2021 has won the approval of its utmost critics with most giving it a thumbs up. Infrastructure is the mantra for 2021-22 as the Finance Minister proposed to significantly enhance capital expenditure to Rs 5.54 trillion in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP), which was launched in December 2019 with around 6,835 projects.

Budget focuses on infra to revive economic growth

Finance Minister Nirmala Sitharaman proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP)

MCE market to witness volume growth in CY2021

Roads and highway projects and rural development to drive growth.

New Frontiers of Trenchless Technology in India

During the past 25 years, trenchless technology has become a major part of construction industry in India. Dr Niranjan Swarup elaborates on the emerging trends in trenchless technology in India and the opportunities for the world

Pre-owned Equipment Market to Excel

The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.

Used Equipment Market to Flourish

The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.

The long term outlook is excellent for the crusher market: V Senthilkumar

Propel Industries has pioneered over the years in developing some of the break-through solutions in the crusher market. V Senthilkumar, Managing Director, Propel Industries, shares more on the company’s solutions for the aggregate segment and the overall market scenario.

Western Coalfields opens 3 new coal mines

Coal India subsidiary Western Coalfields (WCL) opened three new coal mines in Maharashtra and Madhya Pradesh having a combined annual production capacity of 2.9 million tonnes (MT).

41 coal mines on offer for commercial coal mining

Prime Minister Narendra Modi launched the auction process of 41 coal blocks for commercial mining, through video conference.

MSMEs hold key in India’s economic revival: NRI report

The latest report by Nomura Research Institute (NRI) Consulting & Solutions India highlights the role of MSMEs in the revival of Indian economy, and the need for adequate support

Western Coalfields opens 3 new coal mines

Western Coalfields (WCL) opened three new coal mines in Maharashtra and Madhya Pradesh having a combined annual production capacity of 2.9 million tonnes (MT)

Budget cuts by states to adversely affect construction contractors: ICRA

The overall capex budgeted by states for FY2021 is likely to witness steep cut.

Building confidence

The coronavirus pandemic has created an unprecedented situation in the construction sector. Once back on track after the lockdown, government will have to take some concrete steps to support the industry and economy.

We expect more packages from the government

Considering further revenue loss and anticipated reduced demand for the upcoming months, we expect more packages from the government, says VG Sakthikumar, Managing Director, Schwing Stetter India.

Port Infra Needs Facelift

Developing new ports and terminals and the revival of old infrastructure at major ports in the country are expected to open up new opportunities for port equipment companies.

Budget 2020: Key takeaways for infrastructure

Tax concessions extended to sovereign and pension funds will go a long way in attracting long term financing solutions for infrastructure sector, says Sandeep Upadhyay, Managing Director ? Infrastructure, Centrum Capital.

The highlight of the expo will be front-end attachments

Ajashy Engineering manufactures quality offshore and onshore cross country pipeline equipment, special attachments for construction equipment, diesel bowsers, lighting masts and mobile service vans in India.

Infrastructure push drives CE demand

With the government is pushing for more infrastructure development in the country, construction equipment market will see demand growth in future.

Optimum Equipment Utilisation

Use of suitable equipment with matching features at projects with minimum operating and maintenance cost will help in achieving optimum utilisation of construction equipment.

Poised to Grow

India's lubricant market is growing up with demand for industrial lubricants on the rise. More infrastructure developments and growth in manufacturing in the coming years will see further demand growth for industrial lubricants.

We have the widest range of oils to meet all requirements

GS Caltex India is a 100 per cent subsidiary of GS Caltex, which is a 50:50 joint venture between GS Energy of South Korea and Chevron Corp of USA.

AAI to spend Rs 250 bn for airport infra upgradation

In order to improve the infrastructure facilities at the airports, the Airports Authority of India (AAI) has significantly raised capital expenditure for airports under its control.

Cautiously Optimistic

The government's various initiatives on revival of infrastructure sector and favourable policies have driven the growth of Indian construction equipment market in the past 2-3 years.

Setting New Benchmark

Growth in warehousing and logistics sector is picking up with the introduction of GST and infrastructure status to logistics. In this scenario, the warehousing and material handling equipment players are gearing up to meet the emerging demand for advanced equipment.

On Sustainable Growth

Devendra Kumar Vyas, Managing Director, Srei Equipment Finance, elaborates on the key factors that drive the growth and the emerging market trends in equipment finance.

KION Group to set up new industrial truck facility in India

KION GROUP AG continues to focus on growth and is expanding its Indian production site in Pune in the state of Maharashtra with the construction of a new industrial truck production facility.

Reaching out to infra needs

Government's high spending on infrastructure projects drives the demand for construction equipment while earthmoving equipment being the largest used equipment category leads the growth.

CE finance outlook

Financing accounts for approximately 80-85 per cent of the total equipment purchased. In the case of overseas purchases, it accounts for approximately 90 per cent.

Bauma CONEXPO INDIA 2018

The fifth edition of bauma CONEXPO INDIA is expected to be bigger in number of exhibitors and exhibiting area, compared to last edition.

EXPANDING HORIZONS

Balkrishna Industries (BKT) is the market leader with the augmenting sales and volume growth in the mining tyres segment. The segment shows robust growth potential, given the company's new product launches and network expansions through tie-ups with mining service providers.

Looking for a Turnaround

Bosch shows 21.3 per cent growth in Q1

Bosch Limited posted total revenue of Rs 32.12 billion from operations in first quarter of FY 2018-19, registering 21.3 per cent increase over the same period of the previous year on a comparable basis.

New Growth Avenues

Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.

Ambitious on Indian infra sector

Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India's overall development and enjoys intense focus from government for initiating policies that would ensure time-bound creation of world-class infrastructure in the country.

In the Limelight of Infra growth

Construction equipment today not only makes it easier to complete the project at hand, but also ensures the efficient use of labour, time and money. About 30-35 per cent of money involved in construction is dedicated towards procurement of good machinery and equipment.

Budget 2018-19: Infrastructure, Rural Development key

Infrastructure development has been one of the top priorities of the Union Budget 2018-19 presented by the Finance Minister Arun Jaitely in Parliament on February 1. Major investments and allocations are in roads, railways and rural development including agriculture and rural economy. Urban infrastructure development has also received a boost with the allocation for Smart Cities mission.

More engines of growth needed

Off-Highway Research reports a turnaround in the global construction equipment (CE) market, which is expected to grow 16 per cent this year.

Coal India plans Rs 8,500-crore capex investment in 2017-18

Coal India Ltd (CIL) has planned to invest Rs 8,500 crore as capital expenditure in 2017-18 and has further planned to invest Rs 6,500 crore in various projects.

Will CE cross 'Mount 52,500'?

Will CE cross its previous peak of 52,500 units achieved in 2011 this year, despite the additional burden caused by GST? The majority feels that the peak is within reach.

INFRA INFRA INFRA

The growth of the infrastructure industry is expected to drive the global construction equipment market. Sounds familiar? Global experts believe that this increase can be attributed to upcoming construction projects around the globe, primarily in developing nations.

Rooftop Solar PoweR

Konecranes, a company dedicated to producing environmentally friendly and energy-efficient lifting machinery, has put its philosophy into action in its own manufacturing processes by converting one of its newest global plants to operate extensively on solar power.

A Constructive Budget

The construction equipment segment in India has something to cheer about from the Budget measures such as more fund allocation to rural roads and highways construction, and announcement of infrastructure status to affordable housing.

Konecranes Pune plant sets up rooftop solar facility

A company dedicated to producing environmentally friendly and energy-efficient lifting machinery, Konecranes has put its philosophy into action in its own manufacturing processes by converting one of its newest global plants to operate extensively on solar power.

Budget Reaction | House of Hiranandani

I would term it as a reform-oriented budget where the expenditure was well directed towards economic growth and development, especially in the rural areas. It also reflected the government?s concern and priority to improve the investment climate with a view to stimulate growth. The massive push for improvement in infrastructure including record capital expenditure for roads, railways will indirectly benefit the real estate sector in the long run.

GRT provides several technologies not seen before in India

The road sector in India is in desperate need of new technologies, not only to improve speed and quality, but also to introduce more environmentally friendly construction techniques and to cut down on quarrying, transportation of materials and use of water and fuel.

Coal India to Rs 7,765 cr capex investment

Coal India Ltd will invest Rs 7,765 crore towards capital expenditure in the current fiscal to expand mining capacity to achieve the production growth target of 13 per cent year-on-year.

Witnessing Quantum Jump

In light of the various infrastructure development initiatives by our government and expansion plans declared by various related agencies, the Bulk Material Handling Equipment (BMHE) sector

Coal India for Rs 7,765 cr capex investment

Coal India Ltd will invest Rs 7,765 crore towards capital expenditure in the current fiscal to expand mining capacity to achieve the production growth target of 13 per cent year-on-year.

Exide to bring world-class technology

Exide Industries plans to invest Rs 1,400 crore over the next two years to introduce more durable automotive batteries in India, which would be at par with those in developed countries.

On Cloud 7, Moving to 9!

The Indian construction industry is excited to witness the on-ground acceleration action in projects for most infra sectors. Probably the only sector which is waiting in the wings is realty, where there are still no signs of any major revival.

We provide complete solutions as per international standards at local prices within stipulated timeframes

In less than half a decade of operations in India, we have been able to establish ourselves as a well-known brand in crane rental and lifting industry.

Large Miners Forward

While the global mining industry is on the decline, India is witnessing a reverse trend. Many international mining equipment manufacturers are showcasing their products at BAUMA 2016, Germany, in a big way, at a time when Coal India

backhoe loaders:flat Growth

Backhoe loaders are passing through a challenging time for the past few years. Market is registering a flat growth with some indications that it is shrinking.However, now there is optimism among the leading players in the backhoe industry

Apollo Tyres to raise capex

Apollo Tyres board has given nod to raise funds of about Rs 2,000 crore towards

Towering the Demand Curve

What lifting capacity range of TCs will dominate the demand for free standing, external and internal climbing configurations? Say Malik ?The 5-6T capacity TCs will remain as the most dominate category.

World of heavy lifts

Sarens has built up a formidable fleet of over 1,600 equipment comprising giant cranes, self propelled modular transport (SPMTs), jacking systems and other engineered solutions.

Is the money flowing again?

Tricky times call for strong strategies but the long term prospects are bright for financiers with staying capacity, finds Charu Bahri. Demand for construction equipment finance has been down for the last few years.

New-generation Anti-collision Devices

Everest Engineering will showcase its new-generation anti-collision devices for tower cranes at bC India 2014. Everest Engineering will unveil its new generation anti-collision devices for tower cranes combined with safe load indicators. This will be one of the attractions in the show.

We provide tailor-made offerings to suit different customer requirements

Caterpillar?s vision is to be recognised as the leader everywhere we do business. Our strategy in India is to win by delivering quality products, services and solutions to our customers, says Ajay Shankar, Country Manager, Caterpillar India. Excerpts of the interview.