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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

NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

Volvo CE introduces 3 new construction BEVs

Roads and highways sector is considered to be the most vibrant infrastructure segment where a lot of activities ongoing consistently for a long time.

The D-factor

Where the demand will be coming from for the construction equipment industry?

L&T compactors are very well established in the Indian market

L&T’s Construction and Mining Equipment business manufactures, distributes and provides after-sales support for construction and mining equipment for diverse industries and applications.

The long-term growth for construction equipment is intact

India's infrastructure sector is poised to grow significantly with the increasing demand for development of key infrastructure projects.

Light at the End of the Tunnel

Tunnels seem to be coming up in metropolitan and remote areas alike, so TBMs and other equipment should be in demand. How is the industry gearing up?

Road Equipment: Road to Recovery

The Ministry of Road Transport and Highways (MoRTH) has big plans of constructing expressways, national highways, state highways and rural roads in the coming years. However, any uncertain economic situation in future may affect the recovery of the market as this will affect the payment of contractors, financing and thus equipment mobilisation.

We are preparing ourselves for the future

With timely planning and execution, the government will be able to alleviate the current situation and lead the construction market on the road to recovery. Puneet Vidyarthi, Brand Leader, CASE India, CASE Construction Equipment, shares more on the market scenario.

Covid-19 Challenges Revival

The lockdown in the country has entered its third stage on May 4, 2020 in view of the deadly coronavirus pandemic continuing its grip on the country even after the six-week lockdown in two stages.

Can India be an alternate manufacturing base?

Even before COVID 19 crept up upon us, our roads sector had already hit a speed breaker. Construction of highways slowed to 27 km a day during April-January against 29.7 km a day achieved in 2018-19.

The long-term growth for construction equipment is intact

India's infrastructure sector is poised to grow significantly with the increasing demand for development of key infrastructure projects.

The World Has Changed

While at EXCON 2019, Union Minister Nitin Gadkari brought smiles to the faces of the worried construction equipment (CE) industry captains, the pandemic outbreak has wiped that smile into oblivion.

Rs 1 tn tunnel work to be undertaken in 5 years

Union Minister Nitin Gadkari said that India would require sound tunnel systems at strategic locations, and tunnel works worth over Rs one trillion would be undertaken in the next five years.

Rs 1 tn tunnel work to be undertaken in 5 years

Union Minister Nitin Gadkari said that India would require sound tunnel systems at strategic locations, and tunnel works worth over Rs one trillion would be undertaken in the next five years.

We create value for our customers through make in India

LeeBoy India benefits from having a local manufacturing facility to effectively catering to the local and export markets.

Infrastructure takes pole position

The Central Government's latest announcement on investment in infrastructure has revalidated the mood that was set by Union Minister Nitin Gadkari at EXCON this December.

TECH-MOVES

With the government plans to invest Rs 102 trillion in infrastructure development in the next five years, the demand for construction equipment will be immense.

Crushing capacity creation needed

Road Transport and Highways Minister Nitin Gadkari informed in Lok Sabha that projects for constructing 6,320 km of road have been awarded under the first phase of the Bharatmala project, with the financial implication estimated to be Rs 1.44 trillion.

Raising the bar

Road transport and highways minister Nitin Gadkari has set road project award and construction targets of 55 km per day and 45 km per day, respectively.

22 highway stretches identified for airstrips

Mininstry of Road Transport and Highways is working on a proposal with Ministry of Defence to construct runways on highway stretches and 22 such spots have been identified across the country.

22 highway stretches identified for airstrips

Mininstry of Road Transport and Highways is working on a proposal with Ministry of Defence to construct runways on highway stretches and 22 such spots have been identified across the country.

India to harness 50,000 km waterfront

The government is looking to harness the country?s 50,000 km of sea and river fronts as waterways

Of Truths & Dares

The Indian economy is to grow at 7.5 to 7.75 per cent GDP, which by global standards, is the highest growth. However, the impact on the ground is minimal.

Govt to spend Rs 2 lakh crore on Maharashtra road projects

A total of Rs 2 lakh crore will be spent on expanding as well as building new roads in Maharashtra in the next five years, Union Minister Nitin Gadkari has said. Gadkari performed the ground-breaking ceremony for the four-laning of Kashedi-Parshuram Ghat section of the NH-66 near Hatkhamba junction

CE industry to grow $15 bn by 2020

Union Minister Nitin Gadkari said that the government?s steps to clear bottlenecks for bolstering infrastructure development

CE Industry Buoyant

It looks like all the initiatives by Narendra Modi?s government to accelerate infrastructure: Bringing in reforms to create ease of business in India

Thrust on highway equipment

Road Transport and Highways Minister Nitin Gadkari pointed to the need to manufacture road construction equipment in India

NHAI supported highways to use concrete

Union Transport Minister Nitin Gadkari said all new highway projects supported by National Highways Authority of India (NHAI) will use cement concrete. In a recent meeting with media persons, Gadkari said that the current rate of cement per bag is about Rs 350, but his Ministry has zeroed in on a supplier who can sell a bag at Rs 120 per (excluding taxes and transport).

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