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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.

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

We are keen to have machines with reputed past and best technology

We conduct enough field tests and other evaluations of the equipment before going full fledged introduction, says SP Rajan, Head - P&M RREC, L&T Construction

Acquisition cost of equipment is a prime factor considered by procurement.

We seek guarantee from the manufacturer for breakdown attendance and for the availability of the machine for operation, says BB Mishra, Head - Procurement TIIC, L&T Construction.

Good aftermarket culture is the most important credential

We get details and guidance about equipment application from our Director and we explore the options. Equipment category and application wise we have certain brand preferences, but we compare and evaluate with other alternatives also.

Allcargo, Scania join hands

Allcargo Logistics has signed an agreement with Scania, headquartered in Sweden. As per the agreement, Allcargo will be utilising the world-class trailers on operating lease from Scania.

Getting ready for the upturn

In spite of the unfavourable market dynamics, most of the OEMs have adopted innovative strategies to sustain themselves while keeping an eye on the coming boom. Innovative strategies are developed to retain existing customers

Scania trucks at KPCL

Scania Commercial Vehicles India recently handed over 60 trucks to Krishnapatnam Port Co (KPCL), making this a new business model for Scania in India.

Quippo has invested much in people and resources

The rental industry in India can only survive if it starts providing a basket of services like dry rentals, wet rentals, rentals of construction machineries, mining machineries, rentals in industrial undertakings, industrial products and finally,

Repositioning Eqpt Renting to a Holistic Solution in India

Quippo Construction Equipment is one of the largest equipment service providers with a pan India presence operating out of 35 locations across the country.

Quippo Construction is all poised for a phenomenal growth through expansion

The strength of QCEL lies in its pan India presence and also being the only infrastructure equipment bank having wide range of equipment, catering to both construction as well as industrial applications. It has seven equipment hubs with another 28 spokes attached to these hubs,? says HS Bhattacharjya, Chief Executive Officer, Quippo Construction Equipment and Quippo Valuers & Auctioneers. 1 - - 21564 14 98 2011-11-01 00:00:00.000 Equipment India Terex Corporation: Expanding Horizons Terex Corporation is focused on delivering customer driven solutions for a wide range of commercial applications, including for  the construction, infrastructure, quarrying, mining, shipping, transportation, power and energy industries.

Terex Corporation is a diversified global equipment manufacturer of a variety of machinery products.The company is focused on delivering customer driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, shipping, transportation, power and energy industries. Terex operates in four business segments: aerial work products, construction, cranes, and material processing.The company Terex recently acquired Demag Cranes which is headquartered in Dusseldorf, Germany and is a leading provider of industrial cranes, crane components, harbor cranes and port automation technology. Demag Cranes' business is highly complementary to the existing Terex business, and the combination has compelling industrial logic. The combined entity would have had total revenues of close to $7 billion end of 2011 with a strong footprint in Europe and emerging markets, especially in China. Terex now employs approximately 22,000 team members in more than 50 manufacturing facilities in North and South America, Europe, Asia, and Australia. Terex products are sold worldwide primarily under the Terex?, Genie?, and Powerscreen? brands.

Terex in India manufactures backhoe loaders, skid steer loaders and materials processing equipment in their facilities at Noida and Hosur.Some of the indigenously built machines are exported to other Asian, African and Middle Eastern countries.Terex currently imports cranes, port equipment and aerial work platforms for serving the Indian market.
 
Aerial work Platforms:The aerial work platforms (AWP) segment designs, manufactures, refurbishes and markets aerial work platform equipment and utility aerial devices that are used to lift personnel and material to height. They are a productivity and safety tool that make workers more efficient by quickly and safely allowing them to work and maneuver above the ground. Aerial Work Platform products are primarily marketed under the Terex? and Genie? brands.

Construction: The construction segment designs, manufactures and markets three primary categories of construction equipment including heavy construction equipment; compact construction equipment; and road building equipment. Construction products are marketed primarily under the Terex? brand.

Cranes: The cranes segment designs, manufactures, services and markets a diverse variety of cranes including mobile hydraulic cranes, tower cranes, and specialised cranes for port and rail applications.Crane products are marketed primarily under the Terex? brand.

Material processing: The material processing segment designs, manufactures and markets materials processing equipment that is used to crush rock to smaller sizes/shapes, called aggregate. Screening and washing products are then used to sort and clean this aggregate.Materials processing products are marketed primarily under the Terex? and Powerscreen? brands.

The combined entity would have had total revenues of close to $7 billion end of 2011 with a strong footprint in Europe and emerging markets, especially in China.

We plan to have a growth of 50% in our overall disbursements

Magma straddles the entire customer segment from the first-time buyer to the strategic segment. Our ticket sizes range from Rs 16 lakh for a backhoe loader to Rs 20 crore to a strategic customer, says Sumit Mukherjee, Vice President, Magma Fincorp.

Srei BNP financed equipment over Rs 5,000 cr in Q1FY12

The main vehicle for leasing in India are the NBFCs, but these financing entities do not enjoy a level playing field vis-?-vis banks. For example, in terms of NPA allowance and recovery of bad assets, banks have a clear advantage over NBFCs.

A complex growth pattern

Till date, leasing has not been not more than one per cent of the total equipment finance market. However, with the clarity coming about taxation related to leasing and a direct tax code coming up, there is a huge opportunity of revival of this product in the coming years.

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