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Transforming Logistics
The India material handling equipment market is poised for significant growth, with expectations to reach substantial market size by 2027.
Hardayal Prasad is new MD and CEO of Srei Infra Finance
Srei Infrastructure Finance (SIFL) is a financial institution providing a bouquet of services, which include construction and mining equipment finance, advisory and development solutions and insurance broking.
Dalmia Transport selects Roadzen's DrivebuddyAI to enhance fleet safety
Roadzen Inc, a global leader in AI at the convergence of insurance and mobility, announced that Dalmia Transport & Logistics has selected Roadzen’s proprietary ADAMATICS technology platform, DrivebuddyAI, for its fleet operations. Roadzen’s strategic partnership with Dalmia will span five years.
AI and ML Reshape Pre-Owned Market
In the used construction equipment industry, CRM plays a pivotal role in fostering lasting relationships with clients and optimising business processes.
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
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.
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
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.
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
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.
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.
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
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.
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.
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.
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,
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.
Powered for the long haul
Commercial vehicle OEMs - domestic and global - have pumped in investments, augmented capacities, launched global platform strategies, enhanced touch points, and stressed on soft solutions to suit the demands of emerging markets.
Execution is the Driving Mantra
The Union Budget 2014-15 is probably one of those Budgets post-independence, which has been analysed in an environment of high expectation, sub five per cent growth, double digit inflation and extensive knowledge communication through media
Crawling Now, To Pick Up Soon?
Despite the muted demand due to lack of new projects in the power sector, the crawler cranes segment is expected to register good growth once the new projects are taken up after the general elections, writes Sudheer Vathiyath.India is a huge market for crawler cranes, especially higher capacity crawlers. This is mainly due to increasing demand in thermal power sector, nuclear power sector, steel plants, refinery expansions and wind power sector. However, the market has slowed down in the last tw
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