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Indian CE Market: AN Overview

Strong domestic demand generated by ongoing infrastructure development projects resulted in the construction equipment market rising to an all-time high of 72,197 units in 2011.

Scania hosts conference

Scania Commercial Vehicles India hosted a multi-stakeholder conference on sustainability, where Nitin Gadkari, Minister for Road Transport and Highways delivered the keynote address. At the conference, Scania unveiled an industry whitepaper on ?Increasing the adoption of biofuels for vehicle use in India?

Mining as a Demand Puller

India is well endowed in terms of most minerals and the country?s mining sector has great potential. While demand for commodities has been strong, supply has been constrained. This has resulted in increased import.

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.

Make in India

Prime Minister Narendra Modi has launched an ambitious campaign ?Make in India?, which aims to turn the country into a global manufacturing hub. The campaign projects India as an investment destination and develop, promote and market India as a leading manufacturing destination and as a hub for design and information.

Mining Potential

With the growing demand for increased output of coal and iron ore and other minerals, the demand for mining equipment and machinery is expected grow manifold.

Mining Potential

With the growing demand for increased output of coal and iron ore and other minerals, the demand for mining equipment and machinery is expected grow manifold. The mining sector has gone through major challenges in the last few years. For instance, the CE industry

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.

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

More Needs To Be Done

The interim Budget presented recently has some positive measures for the construction equipment sector, with the highlight being the two per cent excise duty reduction on capital goods. Industry captains react.We as part of the construction equipment industry, are happy with the cuts announced by the Finance Minister. This will certainly help this important industry to build infrastructure, which has been down by over 30 per cent over the last couple of years. However, I feel that, given the

Plan panel asks ministries to boost mining

The Planning Commission has asked the union ministries concerned to boost mineral production as the sector can garner $30 billion and help reduce the current account deficit. The Commission reviewed the performance of the mining sector in a high-level meeting, chaired by Planning Minister Rajeev Shukla.

Govt expects to solve Goa ore mining ban issue sonn

Expecting a rise in iron ore exports, which would help to lower the current account deficit, the Union government hopes to get relief on iron ore mining in Goa by November. Union Minister for Mines Dinsha Patel hoped that the legal and environmental issues in Goa's iron ore mining will be resolved by October-end or November first week.

India may pip China in coal import volume

India, which is presently the second largest importer of coal, may pip China to become the largest importer of the commodity in the next 3-5 years. This was predicted by James O?Connell, Editor-in-Chief for coal in Platts McGraw Hill Financial. O?Connell said Indonesia is likely to remain one of the top exporters of the com

Coal banking under consideration of law ministry

The proposal of coal banking arrangement, which was mooted by the Association of Power Producers (APP), has been referred to the union law ministry for its opinion. According to APP, this could increase the domestic supply and thereby reduce imports. The law ministry would study the various legal issues involved with the idea of coal banking send its opini

Our 2020 vision is half-a-billion USD sales from India

?Our business model is very different by way of which we will be seen as a very different player altogether. We are bullish on that and we feel we are removing the pain points of our customers, too,? says Kamal Bali, Chief Executive & Managing Director, LeeBoy India.

Is the growth story sustainable?

It is crystal clear, to reach world-class levels, infrastructure needs a tremendous boost for the next several years; this will augur well for the CE sector where most of the major players continue to upgrade capacity and widen product lines.

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