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Anti-dumping duty on rock breakers from China, Korea

The Commerce Ministry’s arm, Directorate General of Trade Remedies (DGTR), has recommended imposition of anti-dumping duty on imports of hydraulic rock breakers from China and Korea for five years to protect the domestic industry from cheap inbound shipments.

Dalmia Transport selects Roadzen's DrivebuddyAI to enhance fleet safety

Roadzen’s strategic partnership with Dalmia will span five years.

Hardayal Prasad is new MD and CEO of Srei Infra Finance

Mr. Prasad is a seasoned senior banker with over 36 years of experience

Transforming pre-owned CE industry

In the used construction equipment industry, CRM plays a pivotal role in fostering lasting relationships with clients and optimising business processes.

Budget 2024: Key highlights

Key highlights of Interim Budget 2024

Vision 2030 Drives Growth

The compaction equipment industry in India has witnessed significant technological advancements in recent years. Manufacturers are integrating advanced features, such as GPS technology and telematics, into their machines to enhance precision and efficiency.

The mineral’s demand is likely to increase by 3 per cent

Kirity Kumar, Business Segment Manager – Operating Solutions, Quaker Houghton, speaks on the types of products manufactured by the company for mining and other related industries.

Schwing Stetter, SRM College tie-up to offer one-year internship

Students specialising in civil, mechanical, electrical and electronics

Schwing Stetter, SRM College tie-up to offer one-year internship

The programme is for engineering students specialising in civil, mechanical, etc.

Embracing the Rental Revolution

Rental penetration is a bit low in the mining equipment industry, but it is increasing on YOY basis due to awareness and availability of latest mining equipment.

Castrol, Mahindra Insurance brokers tie-up for CAS workshops

Castrol India Limited, India’s leading lubricant player, has signed an agreement with Mahindra Insurance Brokers Limited (MIBL), a prominent insurance brokerage firm.

Shriram Automall celebrates 12th SAMIL Utsav on a grand scale

India’s largest phygital pre-owned marketplace for vehicles and equipment, Shriram Automall India (SAMIL) created yet another benchmark in the used automobile industry on its 12th business anniversary by recording footfalls of over 25,000 customers on a single day.

Soaring high!

Demand for construction hoists in India is expected to continue growing, as the country invests in infrastructure projects and the construction of commercial and residential buildings continues to expand.

Shriram Automall celebrates 12th SAMIL Utsav on a grand scale

Shriram Automall conducts biggest phygital auction by selling 7,500+ pre-owned vehicles, equipment and other assets

SAMIL showcases next-gen phygital auction tech at Auto Expo

SAMIL enlightened clients, potential customers and visitors about its technology-laden bidding platforms

Safety in Selecting Compaction Equipment

Manufacturers are redesigning the compaction process from the ground up in order to overcome the main challenges posed by conventional compaction rollers

We want to be India’s biggest marketplace for machinery and cars

Sameer Malhotra, CEO, and Sanjay Khanna, Business Head, Shriram Automall, speak on the market for construction equipment in India.

Tata Motors bags order of 1000 buses from Haryana Roadways

Tata Motors, India’s largest commercial vehicle manufacturer, announced that it has bagged a prestigious order of 1000 buses from Haryana Roadways.

Tata Motors makes India’s trucks smarter, safer and more efficient

Tata Motors launched India’s first CNG-powered Medium & Heavy Commercial Vehicle (M&HCV) truck.

SAMIL sets new benchmark; conducts 100 auctions across 100 locations

The event recorded footfalls of over 15,000 customers.

Auto component sector sees record turnover of Rs 4.2 trillion in FY22: ACMA

Indian auto components industry clocked its highest-ever turnover of Rs 4.2 trillion in 2021-22, registering a growth of 23 per cent on the back of strong performance in exports

Tata Motors showcases high-performance trucks

Tata Motors, India’s largest commercial vehicle manufacturer, showcased its state-of-the-art high-performance trucks.

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.

Shriram Automall, Ashok Leyland ink pact for pre-owned truck biz

Shriram Automall India (SAMIL), a platform for pre-owned vehicles and equipment, has signed an agreement with Ashok Leyland to launch an exclusive platform for pre-owned commercial vehicles.

Shriram Automall inks pact with Ashok Leyland for pre-owned truck business

The phygital platform will facilitate an exchange, disposal and purchase of old vehicles.

Atlas Copco introduces special Covid-19 financial aid scheme for deceased employees

The scheme is applicable to all Atlas Copco on-roll employees retrospectively from April 1, 2021.

BPE plans to ramp up channel presence in Southern market

At present BPE has 39 active channel partners and aim to appoint 100+ partners by the end of 2022. BPE will be hiring manpowerin the senior management, technical support and sales.

Tata Motors launches ‘16 saal bemisaal’ campaign

To celebrate this feat, Tata Motors has organised roadshows, wherein Tata Aces will travel across 10 states in the country. Patrons will also be able to test drive the vehicle to gain a first-hand experience of its comfort and drivability.

JCB announces Covid relief package for employees

The company also aims to vaccinate all its employees over the next few weeks.

Escorts announces Covid relief measures for its employees

Escorts Ltd., India’s leading Engineering conglomerate, has adopted a series of measures to support employees amidst second wave of Covid-19 pandemic. These include both healthcare and financial aid for employees and their families in these difficult times.

Escorts Ltd. announces Covid-relief measures for its customers

In order to support the farming community amidst the second wave of Covid-19, Escorts Limited, India’s leading engineering conglomerate, announced Covid-19 relief measures for its customers across India which include Covid support to cover expenses in case of hospitalisation and home treatment expenses.

VECV launches Covid support package for dealer network and customers

VE Commercial Vehicle has announced a comprehensive package to support Eicher truck and bus customers, dealers, and dealer employees as they continue to operate in this difficult time.

Shriram Automall – the Power of Choice for Construction Equipment

Shriram Automall India (SAMIL), an ISO 9001:2015 certified company, is India’s first-ever service provider to offer a well-organised and transparent platform for the exchange of pre-owned vehicles and equipment.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

Tata Motors introduces the Magic Express Ambulance

The Magic Express Ambulance is designed to support medical and health related services, which assumes significance especially during the COVID-19 pandemic.

Focus on infra to revive economic growth

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

EPA doubles down on prohibition of emissions defeat devices

Tampering on off- and on-road emissions control systems is illegal and there are hefty fines levied for violations, according to an enforcement alert issued by the EPA in December.

Union Cabinet clears new divestment policy

The Union Cabinet cleared the new policy for Public Sector Enterprises (PSEs). A broadsheet for disinvestment is expected to be announced by Finance Minister Nirmala Sitharaman in the Union Budget.

Allcargo augments growth in Africa

Allcargo Logistics has taken giant strides to accelerate growth across Africa’s vast logistics ecosystem.

Tata Motors presents future-ready CVs to redefine transportation in India

Tata Motors has introduced its future-ready product portfolio, developed with an aim to ‘redefine transportation’.

Financing Challenges

Devendra Kumar Vyas elaborates on the impact of COVID-19 pandemic on infrastructure and financing sector and the challenges faced by NBFCs.

Tata Motors provides holistic support to transport ecosystem

Tata Motors has been comprehensively supporting the transport ecosystem to ensure all necessary supplies remain uninterrupted and seamless, nationwide

Stepping up Skill Development

The Infrastructure Equipment Skill Council is partnering with the key stakeholders in the construction equipment industry and state governments to strengthen the skill development initiatives in the construction equipment sector.

Driving Forklifts Made Safer

Multi-camera system receives collision warning upgrade for more precise vehicle manoeuvering.

Indo-German Engineering Trade in 2019

India is the second-largest sales market in Asia for the German engineering industry.

Sonia Gandhi appeals to PM Modi

The construction industry employs 30 million people, more than the population of Australia or Malaysia; yet only 4 per cent of the current 32 million workers are skilled.

The focus on skill development is on the rise

L&T Construction & Mining Machinery Business has trained and certified over 10,000 operators and mechanics in the last two years under the RPL4.

SAMIL Utsav attracts over 30,000 customers in 90 cities

Shriram Automall India (SAMIL), backed by Shriram Group and MXC Solutions celebrated SAMIL Utsav on its ninth business anniversary by conducting over 90 physical bidding events in 90 tier I, II, and III cities in a single day across India.

New technologies to reduce emission

Proper use of construction machinery plays an important role in reducing greenhouse gas in construction industry.

Aiming at Efficient and safe transport system

The new Motor Vehicles (Amendment) Bill 2019 is expected to provide an efficient, safe and corruption-free transport system in the country.

iQuippo organises Paison Ki Nilami

Commenting on this occasion, Anant Raj Kanoria, CEO, iQuippo, said, ?We have noticed that in the market customers always want to negotiate pricing and interest rates and we through our platform want to digitise and make this process transparent

Srei to continue its focus on equipment finance

Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance has consolidated the lending business of Srei Infrastructure Finance and Srei Equipment Finance into one entity since the focus for last four years has been on growing equipment financing and reducing the infrastructure loan portfolio.

Mega training programme for equipment operators

Volvo Construction Equipment India organised an operator training-cum- Infrastructure Equipment Skill Council (IESC) certification programme in India for wheel loader and excavator operators.

Infra Growth to Drive Demand

Rising industrial activity, coupled with the uptick in construction and an anticipated demand in mining sector is expected to drive the demand of tipper trucks in the coming years.

Riding on infra push

Pick-up in infrastructure spending and construction activities is expected to drive the demand for tipper trucks in the coming years.

DICV opens new BharatBenz dealership in Tamil Nadu

Daimler India Commercial Vehicles (DICV) in association with KUN Trucking has inaugurated a new 3S (sales, service, spares) dealership in Villupuram and Maraimalainagar to cater to BharatBenz trucks and buses.

CPM insurance in CE

India's economy is big and is getting bigger. The construction industry is the second largest industry in India after agriculture.

JLG launches certified BIM compatible product library

JLG Industries, Inc., an Oshkosh Corporation company and a leading global manufacturer of aerial work platforms and telehandlers, announced the launch of a BIM library on its website.

Equipment insurance sector will continue to grow

Considering the current scenario of infrastructure developments, there isa substantial growth potential in equipment insurance.

Improving economy

Attachments can help a machine to perform diverse range of secondary functions. Some attachment manufacturers also offer customised or purpose-built attachments. This offers equipment do multipurpose jobs at project sites.

SAMIL transactions cross Rs 3,000 crore in FY 2017-18

Shriram Automall India (SAMIL) grew by 30 per cent in FY 2017-18. SAMIL achieved this milestone by transacting over 1,20,000 pre-owned vehicles and equipment worth Rs 2,300 cr through its physical platforms, acquiring over 100,000 unique bidders while assisting already existing over 6,50,000 bidders through its 75 well structured automall facilities across India.

We expect good growth in HD truck segment

The mining and construction segments account for around 30 per cent of total heavy-duty (HD) truck market in India. But the segments have been facing tough times for the last 2-3 years.

Every third piece of equipment is financed by us

Overall, we see growth coming from earthmoving, road, and material handling equipment categories. More than 60 per cent of the equipment comprises earthmoving equipment (backhoe loaders, hydraulic excavators, wheel loader, etc).

Reasons to cheer

Better late than never. The Central Government has finally lowered the GST rate on construction and mining equipment to 18 per cent, from 28 per cent. Though, for some 15 per cent products, GST still remains 28 per cent, according to industry sources.

Productivity Parameters

Employing the right equipment for the right application is important in its productive utilisation in a project. So, it is imperative to follow the productivity parameters while selecting an equipment.

Less investment, More benefits

Telematics is important for effectively monitoring the equipment fleet in its operation and maintenance. Work on Internet of Things (IoT) platform, Telematics provides information about the location, fuel, maintenance, and all other parameters which can be accessed remotely on a smart phone, tablet or laptop

Logistics sector gets infrastructure status

The government has granted infrastructure status to logistics sector. The need forintegrated logistics sector development has been felt for quite some time in view of thefact that the logistics cost in India is very high compared to developed countries.

Zurcon DRV5 Flange Seal

Trelleborg Sealing Solutions, with decades of experience in providing innovative solutions has introduced Zurcon? DRV5 flange seal, which acts as an insurance policy for equipment's SAE J518 and ISO 6162:1 flanges.

Used Equipment Auctions

Over time, the pre-owned construction equipment market has almost become equal to the new equipment one, in terms of volume. However, the age-old pre-owned construction equipment industry in India was highly dominated by conservative and unreliable trade practices till a few years back.

Fleet Insurance Benefits

Ravi Kothari explains the importance of fleet insurance for a cost-effective and service-efficient fleet operation.

Piggybacking earthmovers growth

Transportation of raw and processed materials to the desired location is the next but most essential activity arising out of earthmoving. In the infrastructure space, 5-35 tonne payload capacity tippers and dumpers are extensively utilised for this purpose.

Centre plans dedicated fund for infra finance

According to reports, the Union Government is planning to set up a dedicated fund of Rs 10,000 crore for financing infrastructure projects in the country. This will be a boost to the country?s infrastructure sector, requiring investments of more than $1.5 trillion in the coming ten years.

Equipment insurance has huge demand in the current market scenario

CPM basically includes contractor?s construction equipment such as bulldozers, cranes, excavators, compressors, etc, due to an accident arising out of external perils. During dismantling and relocation from one place to the other, there is a possibility of the machines/equipment get damaged.

Centre plans dedicated fund for infra finance

The Union Government is planning to set up a dedicated fund of Rs 10,000 crore for financing infrastructure projects in the country. The fund ? through ?unconditional and irrevocable partial credit guarantee? ? will help enhance the credit rating of bonds issued by infrastructure firms so that they, in turn, can attract long-term investments especially from global insurance, pension and sovereign wealth funds.

A Comprehensive Platform for Heavy Machinery Industry

Business Fuel LLP, a Bengaluru-based startup, has launched a new platform - Metacrust.com, to revolutionise the way infrastructure, mining and construction industry works in India. This fun and revolutionary H2H e-commerce platform will focus on both B2B and B2C market.

Creating Value for Mining Machinery Companies through Services

Service strategy of any mining machinery service companies should be designed to maximise service-based value creation to OEM or end customers. Ranjit Ravindran elaborates...There is no one-size-fits-all service strategy to suit every machinery company, but there are three broad models that cover how most can make money from services

Leoni targeted by criminals

Leoni AG realised on August 12, 2016 that it had become the victim of fraudulent activity with the help of falsified documents

Leoni targeted by criminals

Leoni AG realised on August 12, 2016 that it had become the victim of fraudulent activity with the help of falsified documents, identities and the use of electronic communication channels. As a result, company funds were transferred to accounts abroad.

Customer in Focus

LiuGongs Pithampur plant, the first construction equipment (CE) manufacturing unit in India with 100 per cent FDI, is on track to become a leading manufacturer of CE in the country.

A keen communicator

Suryakant Mishra is the AVP - Corporate Communications at Magma Fincorp. He comes with around 19 years of rich experience in Corporate Communications/Public Relations.

Learn and Earn

KION India has introduced the Social Innovation Scheme in collaboration with Yashaswi Institute of Technology (YIT) as a Corporate Social Responsibility initiative. Details on this Earn while Learn initiative...

Setting New Standards

SAMIL aims to capture a large share in the market as the government has allotted huge amount towards construction of new highways and road network all over the country.

Make In India Week

Over 8,000 Indian industry leaders and 13 Union Ministers attended the event. Seventeen state exhibitions and several country pavilions have been built at the centre. The country pavilions include exhibitions from Sweden, Germany and South Korea.

Cat 3600 Advantage

GMMCO and Tractors India Pvt Ltd (TIPL) launched Cat 3600 ADVANTAGE special purchase bundle with the Cat 320D2 at Excon 2015.

SAMIL bags ELSC award

Shriram Automall India (SAMIL) has been recognised with accolade by Express, Logistics Supply Chain Conclave (ELSC) 2015, for their Transportation Leadership Awards under the two categories of ?Innovation in Transportation? and ?Fleet Enabler of the Year?.

Volvo Financial Services launched in India

Volvo Financial Services announced the launch of its operations in India. The Volvo Financial Services offering strengthens the Volvo Group?s ability to provide a competitive and total one-stop shop solution of equipment, loans, leases, insurance, maintenance, and other aftermarket services, to customers and dealers of the Volvo Group and VE Commercial Vehicles (VECV) in India.

We procure new and used equipment depends on the scope of utilisation

Simplex Infrastructures is one of the largest infrastructure solutions providers in India and the Middle East having presence in across eight first growing industry verticals.Samar Ghoshdastidar, Technical Director, Simplex Infrastructures, provides an in-depth overview on the company?s equipment procurement procedures.

Max Your Capital Assets? Productivity

Smart companies are deploying software to maximise returns on their investment in construction and mining equipment, finds Charu Bahri. A new wave of cost consciousness is picking up in the construction and mining sector.

Accessing Heights, Safely

As the access equipment industry matures in India and users become more aware on the advantages of using such equipment over conventional practices of working at heights, the rental sector in India is poised for a very bright and promising future.

Third-party motor insurance

The insurance regulator has invited responses to a proposal to increase the third-party motor insurance premium by 14 per cent to 108 per cent. However, industry observers feel that the hike will not be so steep.

India may relax tariffs on auto parts

India is likely to take a ?flexible approach? on tariffs on auto components in the free-trade agreement negotiations with the European Union. The 28-nation block is keen to restart talks on the comprehensive free trade agreement (FTA).

Walking the Talk

The promises of ?Acche Din?coupled with the the ?Big Bang? expectations from the FY16 Union Budget, are more to do with the government walking the talk and bringing in continuous reforms which positively impact the financial and economic landscape.

The finance expert

KV Srinivasan has been spearheading Reliance Commercial Finance since 2007. Prior to this, he was the Chief Operating Officer of Reliance Life Insurance Co Ltd. He brings with him around two decades of multi-disciplinary experience in the consulting and financial sectors

Dedicated infra financing vehicles are need of the hour

Eight months in office, the Central Government has done well to improve the business sentiment. Several measures aimed at easing the way of doing business have been taken. Things have started looking up for the infrastructure sector too.

CE Sector to Grow

Among the major global markets for construction equipment, the demand of construction equipment in China suffered a steep decline after peaking in 2011. This trend continued in 2014; however, future demand forecast is expected to be stable.

Efficient and seamless rail and sea network is a must

Inflation control actions, excise duty reduction and sustainable capital funding plan will help the infrastructural sector to grow which will help LiuGong?s Indian operations positively, says Sanjay Wadnerkar, Vice President, LiuGong India.

The Customer is King!

The takeaway was simple. Every Equipment India (EI) Award winner had one person to thank above all: the customer. Dedicating the Equipment India Person of the Year award to over 1,500 employees, over 8,000 customers,

2015 - The year of recovery?

Off-Highway Research has predicted that the number of units sold will double to 89,030 by 2018 from the current year?s 46,755 units. As per the analysis, the real trigger of growth becomes available in 2017-18 when there is a dramatic surge

CE industry is to grow in the long term at a CAGR of 17.5%

The construction equipment (CE) market in India will be driven by increased activity levels in every sector as there are massive infrastructure gaps yet to be bridged, says Samir Bansal, General Manager, India, Off-Highway Research.

Total Transport Solutions

Tata Motors has addressed the shift in business needs in the market through the introduction of various service schemes.The Indian commercial vehicle customer has evolved over last few decades, with his focus shifting from just plying and maintaining his trucks, to expanding

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