Best Stories

Search

Our focus is on introducing cutting-edge electric machines

Sanjay Saxena, COO, Sany India and South Asia

Construction equipment industry in difficult waters!

As recently as February, incoming orders in the construction machinery industry had manufacturers with production facilities in Germany looking ahead to 2022 with the hope that single-digit sales growth of 7 percent could be achieved if the situation on the supplier side improved.

Construction equipment industry in difficult waters!

Some companies are on short-time work because of a lack of material and preliminary products.

The Concrete Advantage!

The concrete equipment market is expected to rise on account of anticipated growth in the construction industry, increasing FDIs, and the rising number of smart city projects in the country.

Indian construction equipment industry growth slumps in Q3FY22

On the back of slowdown in the construction activity, the Indian CE industry experienced 23% drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21, as per the ICEMA report.

Innovation & Indigenization has been a way of life at AJAX

“Innovation & Indigenization has been a way of life at AJAX, and we are proud to be a self-reliant Indian company for almost three decades” – Ajay Aneja, Chief Marketing Officer

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.

Doosan Bobcat expecting 19% NA sales boost this year

There is clear room for the market to grow

Rajaram Krishnamurthy, Vice President - Marketing & Sales and Customer Services, DICV, shares his thoughts on the market scenario and the company’s strategy going forward.

ELGi posts sales growth in Q2

Elgi Equipments announced the results for the quarter and half year ended 30 September 2020. PAT for the quarter was Rs 332 million compared to Rs 117 million in the same period in 2019-2020 on a consolidated basis.

Elgi equipments posts sales growth in Q2

Consolidated sales for the quarter was Rs 4.80 billion as against Rs 4.45 billion in the corresponding quarter in 2019-2020.

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.

The Festival is back, Are Festivities back?

The current slowdown is giving a drubbing to the Indian construction equipment (CE) market with the equipment sales diving drastically in the past few months in contrast to what the industry had anticipated during the start of the year.

Swachh Bharat a game-changer for cleaning equipment sector

The Central Government's drive for a cleaner India has reportedly given a big boost to firms in the hygiene and cleaning equipment space as Fonzo Equipment has reported rapid sales growth within two years of launch.

Enovation Controls opens new facility in India

By 2020, the facility will start manufacturing a selection of products in the region, for the region.

Cummins India records sales growth

Cummins India recorded a net sales growth of nine per cent for the quarter ended March 31, 2019 at Rs 13.14 billion, as compared to Rs 12.06 billion recorded in the same quarter last year.

Cummins India posts record sales growth in Q3 2018-19

The net sales of Cummins India for the quarter ended December 31, 2018 recorded 11 per cent growth at Rs 14.63 billion, compared to Rs 13.18 billion recorded in the same quarter last year, represent the highest sales ever achieved in a quarter.

Elgi Equipments posts sales growth

The company's compressor business in the domestic market has grown by 22 per cent over the corresponding quarter in 2017-18.

VECV records 32.7% sales growth in Aug

VE Commercial Vehicles recorded sales of 6,069 units in August 2018 as compared to 4,571 units in August 2017, recording a growth of 32.7 per cent. This includes 5,948 units of Eicher brand and 121 units of Volvo brand.

Elgi Equipments posts revenue, sales growth

Elgi Equipments recorded a profit after tax (PAT) of Rs 21.6 crore for the quarter ended June 30, 2018, compared to Rs 16.5 crore in the same period in 2017-18. Sales for the quarter stood at Rs 261 crore against Rs 235 crore in the corresponding quarter in 2017-18.

Lifting up Expectations

Gone are the days of slowdown and stagnation for mobile cranes market. Many equipment were seen idle with projects not taking off as expected.

VECV records sales growth of 63 per cent

VE Commercial Vehicles (VECV) recorded sales of 6,390 units in June 2018 as compared to 3,921 units in June 2017, recording a growth of 63 per cent. This includes 6,315 units of Eicher brand and 75 units of Volvo brand.

VE Commercial Vehicles records 30.7 per cent sales growth

VE Commercial Vehicles Ltd (A Volvo Group and Eicher Motors joint venture) recorded sales of 5,977 units in May 2018 as compared to 4,573 units in May 2017, recording a growth of 30.7 per cent. This includes 5,874 units of Eicher brand and 103 units of Volvo brand.

Donaldson reports strong sales growth

Donaldson Company, Inc announced third quarter 2018 net earnings of $69.9 million, compared with net earnings of $60.1 million in the previous year. Third quarter GAAP earnings per share increased 17.8 per cent to $0.53 in 2018 from $0.45 in 2017.

ValvTechnologies appoints new VP

ValvTechnologies, Inc, manufacturer of zero-leakage severe service isolation valve solutions, announced the appointment of Ron Anselmo as Vice President, Key Accounts. Based in the Houston, Anselmo will have senior management responsibility for sales growth through the development and management of executive, technical and commercial relationships for key accounts with major customers, licensors and engineering firms.

VECV posts 22.8 per cent sales growth in February

VE Commercial Vehicles sold 6,882 units in February 2018 as compared to 5,603 units in February 2017, recording a growth of 22.8 per cent.

VE Commercial Vehicles posts over 50 per cent sales growth

VE Commercial Vehicles Ltd sold 6,801 units in January 2018 as compared to 4,515 units January 2017, recording a growth of 50.6 per cent. This includes 6,712 units of Eicher brand and 89 units of Volvo brand.

Mahindra FES posts 40 per cent domestic sales growth

Mahindra & Mahindra Ltd?s Farm Equipment Sector (FES) announced its tractor sales numbers for January 2018. Domestic sales in January 2018 were at 20,647 units, as against 14,776 units during January 2017.

Danfoss India bags Frost & Sullivan Leadership Award

Danfoss Industries Pvt Ltd was awarded with the Frost and Sullivan - 2017 India Building and HVAC Segment - LV Drives Enabling Technology Leadership Award under the category of novel developments in the Industrial Automation and Process Control Sector at the Frost and Sullivan 2017 India Best Practices Awards Banquet held in Mumbai.

ValvTechnologies appoints Regional Director for Asia-Pacific

ValvTechnologies, Inc announced the appointment of Cliff Horsburgh as Regional Director, Asia Pacific, with immediate effect. Based in Kuala Lumpur in Malaysia, Horsburgh will have senior management responsibility for leading sales growth in the Asia-Pacific region. With more than 30 years of experience in the valve and pump industry, he brings extensive global business management and sales experience to the company.

Mahindra FES registers 52 per cent domestic sales growth

Mahindra & Mahindra Ltd?s Farm Equipment Sector (FES) announced its tractor sales numbers for September 2017. Domestic sales in September 2017 were at 44,000 units, as against 29,035 units during September 2016.

BorgWarner develops new EGR coolers for CVs

To support commercial vehicle (CV) manufacturers in meeting current and future emissions regulations, BorgWarner has developed an economical new series of multi-platform exhaust gas re-circulation (EGR) coolers featuring a compact floating core.

Global CE market sales to grow 16 per cent in 2017

The global construction equipment (CE) sales are expected to grow 16 per cent this year, according to an Off-Highway Research report. The equipment sales worldwide are expected to exceed 810,000 units in 2017, with a value of more than $80 billion.

Bosch registers growth in gross sales and income from operations

Bosch Limited, a leading supplier of technology and services, posted gross sales and income from operations of Rs 2,770 crore in the first quarter of FY 2017-18, thus registering a 3.3 per cent increase over the same period of the previous year

Cummins India posts sales growth

Cummins India recorded a gross sales growth of 5 per cent at Rs 1,388 crore in the quarter ended June 30, 2017 as compared to the same period last year, and 12 per cent compared to the prior quarter. Domestic sales grew 10 per cent as compared to the same period last year and 6 per cent compared to the prior quarter. Exports declined 5 per cent as compared to the same period last year but improved 31 per cent compared to the prior quarter.

Raimondi Cranes appoints new Commercial Director

Raimondi Cranes SpA has announced the appointment of Mauro Masetti as Commercial Director. Based in Italy, Masetti?s role will involve leading Raimondi?s commercial division, and masterminding sales growth in both current and future markets, building on a strategy that has seen the company expand rapidly into overseas locations such as North America, the Middle East and Australia in recent years.

Blasters go hydraulic

Australian Pump Industries? range of heavy-duty hydraulic drive high-pressure cleaners with pressures up to 500 bar (7,300 psi), have played a vital role in the drilling industry.

Hyundai sells 2,600 excavators in India in 2016

Hyundai Construction Equipment India sold about 2,600 units of excavators in India in 2016, recording a growth of 45 per cent over 2015. According to the company, its strengthened dealer networks, enhanced client support services, expanded localised products and improved product quality along with India?s economic growth over the past years enables it to achieve the sales growth.

Hyundai sells 2,600 excavators in India in 2016

Our offerings include a range of construction and mining equipment

China Construction Machinery Association (CCMA) enjoys close cooperation with Messe M?nchen Trade Fair Company. Since 2002, it has jointly organised the world?s leading trade fair for construction machinery expo-bauma China-with Messe M?nchen. Qi Jun, Chairman, CCMA, shares more.

VECV posts 14.43percent sales growth

VE Commercial Vehicles (VECV) reported 14.43 per cent growth in total sales in October at 4,560 units as compared with 3,985 units during the same period last year. Total sales of Eicher-branded trucks and buses increased by 15.44 per cent to 4,449 units in October compared with 3,854 units in the corresponding month last year.

This year we have our technology partner Astec as our co-exhibitor

The current construction equipment industry scenario is essentially a mix of domestic and global developments. On one hand, with the impending revival of the infrastructure sector, sales are expected to see an upward spurt.

VECV posts 14.43 per cent sales growth in October

VE Commercial Vehicles (VECV) reported 14.43 per cent growth in total sales in October at 4,560 units as compared with 3,985 units during the same period last year.

Terex aligns Fuchs with Materials Processing division

Terex Corporation continues to implement a series of strategic moves and investments to better position its purpose-built Fuchs material handler business for global expansion and sales growth.

Terex aligns Fuchs with Materials Processing division

Terex Corporation continues to implement a series of strategic moves and investments to better position its purpose-built Fuchs material handler business for global expansion and sales growth. Recently, the business was rebranded ?Fuchs ? A Terex Brand? in key markets for consistent global brand recognition.

Driving growth

Pulkit Khemka, Vice President, Pensol Industries Ltd, has four years of experience in lubricants industry. He has a Masters Degree in Science from Aston University, Birmingham, UK, and is a Bachelor of Business Administration from Christ University Bangalore.

INDIA INSULATED FROM BREXIT FALLOUT

On the 23rd of June, UK public voted to leave the European Union. The news not just sent the UK markets and currency into turmoil but sent shockwaves that were felt all the way in India as well. The historic vote marks the rise of a new phase of uncertainty for the international markets.

Bosch posts 7.5% net sales growth

Bosch posted net sales and income from operations of Rs 2,532 crore in the first quarter (April-June) of the financial year 2015-16

Tadano posts record sales for second year

Tadano posted a 12.3 per cent year-on-year sales growth for its financial year ended 31 March 2015.

Volvo Trucks expects 25% sales growth

Volvo Trucks is expecting a 25 per cent growth in its India business this year compared with 2013. The company has sold over 630 units between January and October.

We will be launching the largest telehandler in 5T class at bC India.?

We consider next five years as very important growth period of access equipment business in India and we are preparing ourselves towards this goal, says Subhamoy Ghosh, President, Mtandt Group. Excerpts from the interview

Electric power is the future

Middle East is once again showing signs of unrest, which could have an effect on the supply and prices of crude oil. With supply under pressure, prices are bound to rise: Once again, bringing into focus the challenges that continue to emerge, adding further pressure on total cost of ownership (TCO).

Equipment Finance Companies are Optimistic on Sales Growth

Bangalore, 23 November 2013: As with any product that requires a large one-time capital expense, financing is a good way for the construction equipment industry to spark demand and acquire new customers. In 2011, India?s earthmoving and construction equipment (ECE) financing industry was valued at Rs.23,000 crore according to the report on ?Roadmap for Realising ECE Industry?s Long Term Potential? released at CII EXCON 2013 - South Asia?s Biggest Construction Equipment Event.

Surging ahead

With a vision to become a global leader in Off-Highway Tyre Solutions, BKT is targeting a 10 per cent market share by 2015. BKT is continuing its momentum of growth in the new decade also. For the financial year 2012-13, in spite of the various capacity constraints, BKT has achieved its

Deere cuts 2013 sales growth

Deere & Co said sales of farm and construction equipment would rise 5 per cent during the current fiscal year. It had previously predicted growth of 6 per cent.

Caterpillar and its dealer TIPL expand Rajasthan footprint

With the economy showing signs of improvement and demand for equipment in the infrastructure sector, Caterpillar and its Indian dealer network is aggressively expanding its footprint in Rajasthan in a bid to further bolster its sales and service network through TIPL,

The CE market is set to grow to over 100,000 units by 2016

The cumulative sales of backhoe loaders, crawler excavators and wheeled loaders have been growing at a CAGR of over 20 per cent for the last ten years and will continue to grow at an impressive rate.

Offering high quality products at optimum costs is the challenge for people...

There are many announcements from the government which augur well for growth, says VG Sakthikumar, Chief Operating Officer, Schwing Stetter India. Excerpts from the interview.How do you assess the current CE market scenario and its growth prospects in the long term.

Manitowoc announces Q3 results

The Manitowoc Company reported sales of $955.7 million for the third quarter of 2012, an increase of 2.2 percent compared to sales of $935.4 million in the third quarter of 2011.The sales increase was primarily driven by a 4.9 percent increase in crane segment sales.

Pushing Boundaries

Taking the cue from the Indian economy, BKT is on a stable ground and moving fast on the growth path, with consistent strive to push the boundaries.With an objective of 35 percent y.o.y growth, and achieving the same (on average basis) for the past decade, BKT is continuing this momentum in the new decade also.

Feedback Form

Search

Digital Edition

Contact Us

ASAPP Info Global Services Pvt Ltd.

TWITTER FEEDS

POSTS CATEGORIES