Search

Earthmovers on buoyant swell

Earthmoving equipment currently constitutes nearly 73 per cent of total construction equipment sales, and happily, this structure of sales is expected to continue. 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.

Earthmoving Equipment

Owing to the overall slowdown in the Indian economy, the current fiscal year has been bit sluggish for the construction equipment industry. The industry will gain momentum if the government starts implementing the delayed projects and carries out active review and monitoring to ensure timely completion.

We are virtually the best in fuel average and productivity in the 20T excavator segment.”

We are looking forward to a lot of regulatory reforms. For new projects, the approach towards environment clearances needs to be more pragmatic, GOI has to ensure that no retrospective taxation happens, GST needs to be introduced even if some states do not play ball initially. Such actions will get the CE industry going, says Vikram Sharma, Chief Executive Officer, Kobelco India. Excerpts from the interview.

The Show Must Go On

The stalwarts of the CE industry deliberated on the Green Initiatives in the 4th Equipment India Conference held during the India Construction Festival.

Exceeding Expectations

The recently concluded bC India exceeded all expectations. Take a look at the statistics: More than 22,000 visitors from 69 countries, 508 exhibitors from 30 countries, 70 per cent of them from abroad; the international flavour further underlined by nine international pavilions, creating a new dimension for the construction industry.

Digital Edition