Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

MYCRANE signs MOU with Equip9 at Excon

Equip9 is an AI-enabled start-up that has developed an app for everything related to heavy equipment.

Mycrane and Equip9 Join Forces to Drive Innovation in Crane Rental

Mycrane and Equip9 signed a Memorandum of Understanding at Excon

Mycrane and Equip9 Join Forces to Drive Innovation in Crane Rental

Mycrane and Equip9 signed a Memorandum of Understanding at Excon

Tata Motors, SBI sign MoU to offer financing solutions for Ace EV

Tata Motors, India’s largest commercial vehicle manufacturer has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), the country’s leading public sector bank to offer unique financing solutions for the purchase of the all-new Tata Ace EV – India’s most advanced, zero-emission, four-wheel commercial vehicle.

Tata Motors, SBI sign MoU to offer financing solutions for Ace EV

The partnership will introduce easy loan-structured schemes for the purchase of the all-new Tata Ace EV

Indian construction equipment industry plans to attract global suppliers

With the construction equipment industry being the primary stakeholder the infrastructure sector is an economic driver and is poised to play an important role in propelling the country’s overall growth and development

Overall, the market scenario in India looks promising

Excon has always been a confluence of construction equipment ecosystem members like equipment and component manufacturers, customers, financiers, equipment dealers and policy makers.

JCB’s thrust on digital technologies

Excon 2021 is indeed going to be the first major exhibition for the construction equipment industry, post-pandemic, hence, expectations are high. There is likely to be an even greater active participation by the industry than what we have seen in the past editions.

The market scenario in India looks promising

Dheeraj Panda Chief Operating Officer (Sales, Marketing and Customer Support) Sany Heavy Industry India.

Eyeing new heights

The year 2021 gave numerous ups and downs for the construction equipment and equipment financing industries. When the year comes to an end, the sectors look forth towards infrastructure as the ‘Growth Puller’ for the period ahead.

Doosan Bobcat strengthens presence in South Rajasthan

Doosan Bobcat India has recently appointed Sihag Motors as its authorised channel partner to handle sales and services for the South Rajasthan region as part of the business expansion plans in India.

Doosan Bobcat India strengthens presence in Telangana

Doosan Bobcat India (DBIN), a global leader in compact construction equipment, has appointed Euroteck Auto Equipment as its authorised dealer for its entire product portfolio of Bobcat backhoe loader, skid steer loader, mini-excavator, and compact track loader for the Telangana region.

All eyes on Excon!

The year started with venues opening up slowly after a lull in the last two years. In line with the growth of the industry, the 11th edition of Excon—termed South Asia’s largest construction equipment (CE) and construction technology trade fair—will take place at the Bangalore International Exhibition Centre (BIEC) from May 17-21.

Doosan Bobcat India strengthens presence in Telangana

Doosan Bobcat India (DBIN), a global leader in compact construction equipment, has appointed Euroteck Auto Equipment as its authorised dealer for its entire product portfolio of Bobcat backhoe loader, skid steer loader, mini-excavator, and compact track loader for the Telangana region.

Doosan Bobcat strengthens presence in South Rajasthan

Doosan Bobcat India has recently appointed Sihag Motors as its authorised channel partner to handle sales and services for the South Rajasthan region as part of the business expansion plans in India.

Doosan Bobcat strengthens presence in South Rajasthan

Doosan Bobcat India has recently appointed Sihag Motors as its authorised channel partner to handle sales and services for the South Rajasthan region as part of the business expansion plans in India.

Manitou expands footprint in Gujarat

Manitou has recently appointed Naksh Infra Equipments as its authorised dealer for Saurashtra and Kutch region as part of the business expansion plans in India.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

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.

EQUIPMENT INDIA Awards 2020

At the 8th Annual Equipment India Awards 2020, hosted virtually, the top performers of Indian construction equipment industry were felicitated for their achievements in the challenging times.

Sany India supporting partners in difficult times

The company helped all its 35 dealers steer through the challenging phase by implementing multiple initiatives to sustain and improve the cash flow for the dealer partners.

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.

EQUIPMENT INDIA Awards 2020 to be held online

In the prevailing pandemic conditions, The 8th Annual EQUIPMENT INDIA Awards will be held virtually on October 15, 2020

CE industry to de-grow in 2020

In the aftermath of the Covid-19 pandemic, the overall sales of construction equipment in the country in CY2020 are expected to diminish by 15-20 per cent.

CE industry to de-grow in 2020

In the aftermath of the Covid-19 pandemic, the overall sales of construction equipment in the country in CY2020 are expected to diminish by 15-20 per cent.

Tata Motors provides holistic support to transport ecosystem

Tata Motors has been comprehensively supporting the transport ecosystem to ensure all necessary supplies remain uninterrupted and seamless, nationwide

CE industry to de-grow by 15-20 per cent in CY2020

The Indian construction industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting the construction activity.

CE industry to de-grow by 15-20 per cent in CY2020

The Indian construction industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting the construction activity.

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.

Eicher Trucks & Buses opens new 3S dealership in Bengaluru

Eicher Trucks & Buses, part of VE Commercial Vehicles, inaugurated its new 3S (Sales, Service & Spares) dealership facility in Bengaluru, Karnataka.

Eicher Trucks & Buses opens new 3S dealership in Bengaluru

Eicher Trucks & Buses, part of VE Commercial Vehicles, inaugurated its new 3S (Sales, Service & Spares) dealership facility in Bengaluru, Karnataka.

iQuippo launches upgraded financial portal

iQuippo launched its upgraded financing portal (www.iquippo.com) and became the first digital platform in the country to digitise the co-lending programmes of banks and NBFCs.

iQuippo launches upgraded financial portal

iQuippo, India?s first digital marketplace for infrastructure equipment, launched its upgraded financing portal (www.iquippo.com) and became the first digital platform in the country to digitise the co-lending programmes of banks and NBFCs.

L&T launches new Komatsu excavator at Excon 2019

At Excon 2019, the mega construction equipment exhibition held at BIEC Ground-Bengaluru, Larsen & Toubro launched the all-new Komatsu PC210LC-10M0 hydraulic excavator.

Backing Infra Growth

Doosan Bobcat India hosts financiers meet

The compact construction equipment sales is gaining momentum in the Indian context and therefore the easy availability of financing options for customers is inevitable.

CRUSHING BARRIERS

Fragmented aggregate mining, as well as issues related to regulations and liquidity, are threatening the growth of the crushing and screening equipment segment in India.

Sustainable Market for Trucks

Pick up in infrastructure spending and construction activity, especially in roads and highways, irrigation and affordable housing segment, will continue to support demand for construction trucks.

Doosan Bobcat India hosts financiers meet

Doosan Bobcat India (DBIN) organised a financier meet at its manufacturing facility in Chennai.

Rentals Imperative for Growth

Satin Sachdeva, Founder and Secretary General, Construction Equipment Rental Association (CERA) elaborates on the importance of rental market in the growth of construction equipment industry.

CE industry will continue to witness a healthy growth

The overall construction equipment (CE) industry had a good FY2018-19 for all class of equipment and has recorded the highest volumes ever.

Transforming Skill Landscape

Shortage of skilled operators has been a major challenge faced by the infrastructure and construction industry for the past many years.

On Sustainable Growth

Devendra Kumar Vyas, Managing Director, Srei Equipment Finance, elaborates on the key factors that drive the growth and the emerging market trends in equipment finance.

REJIG for the big

Need for better infrastructure is always the top priority of any country. India is no different as the quest for superior infrastructure continues with many large-scale projects coming up.

CPM insurance in CE

India's economy is big and is getting bigger. The construction industry is the second largest industry in India after agriculture.

Reaching out to infra needs

Government's high spending on infrastructure projects drives the demand for construction equipment while earthmoving equipment being the largest used equipment category leads the growth.

CE finance outlook

Financing accounts for approximately 80-85 per cent of the total equipment purchased. In the case of overseas purchases, it accounts for approximately 90 per cent.

CHALLENGES and NEW Opportunities

The construction equipment rental market in India is still small as compared to the other equipment markets worldwide. Satin Sachdeva sheds light on the realities of the rental market in India and the steps needed for the development of the market.

6th Annual Equipment India Awards 2018

The sixth Annual EQUIPMENT INDIA Awards 2018 recognised and rewarded the top performers of Indian construction equipment industry.

Aggregate Boom,Policy Gloom

Crushers and screens market is poised for a demand boom with the focus slowly shifting towards higher capacity machines to meet the growing demand for aggregates.

Honouring the unsung heroes

Change, Road Safety and Innovation were the mantras of the seventh edition of Mahindra Transport Excellence Awards held recently in New Delhi, where the who's who of Indian road transport sector gathered and various outperformers of Indian transport were honoured.

Equipment finance sector to grow at 19 per cent CAGR

We are the leading financiers in the construction, mining, and allied equipment (CME) sector in India for fiscal 2017 (Source: Feedback Analysis). This sector primarily consists of equipment used for earthmoving and mining, concreting, road building, material handling, material processing and allied activities.

On growth Track

The upswing in construction equipment market in the last two years has created new opportunities for equipment finance market. Leading finance players are keen on the growing trend of the infrastructure market in India that has helped the construction equipment market for a turnaround after a rough patch till 2016.

We expect significant buying interest from customers

India's equipment industry has witnessed a healthy growth during the past decade and its long-term prospects look solid. Infrastructure demand is the primary factor driving construction equipment industry's growth.

MAN Trucks opens new dealership in Jaipur

MAN Trucks India inaugurated its 65th dealership at Jaipur. This new set up by Morani Trucks is the fifth location added to MAN?s network this year. The opening of this dealership is in line with MAN?s plan to increase the number of dealerships across India in order to boost sales opportunities and provide the best in class support and service to all customers.

Equipment Finance Sets to Outperform

Construction equipment market in India has evolved and become a major one in the global market place. With the evolution of the market, awareness about the various equipment class and their use, and above all, the construction and infrastructure development activities picking up momentum, the equipment finance market has opened up to all equipment categories.

Equipment India awards & ceo forum 2017

It was 6.15 p.m. with 15 minutes more to go for the mega event of the infrastructure equipment industry. Meanwhile, the Viceroy Hall at the heritage Claridges Hotel located in New Delhi's famed Lutyen's Zone was already filled to capacity.

India to accelerate $ 200 billion smart cities projects

When the 60 winning cities (with proposals worth over Rs 1.31 lakh crore) become smart, it is expected to positively impact the lives of 72 crore urban population. While Rs 1.05 lakh crore will be spent on area-based development plans, Rs 26,141 crore will be spent on pan-city solutions in the next five years.

Srei launches online platform iQuippo

Srei Group has launched iQuippo.com, a digital marketplace for online sale and leasing of construction and mining equipment. The new intiative will be an online platform similar to the popular ones like Amazon and Flipkart, but the first-of-its-kind for sale and lease of heavy machinery, according to the company.

Srei launches online platform for construction equipment

Srei Group has launched iQuippo.com, a digital marketplace for online sale and leasing of construction and mining equipment. The new intiative will be an online platform similar to the popular ones like Amazon and Flipkart, but the first-of-its-kind for sale and lease of heavy machinery, according to the company.

DICV partnership with BharatBenz vehicle financiers

Celebrating its partnerships with leading players from the financial sector, Daimler India Commercial Vehicles Pvt. Ltd. (DICV) held its BharatBenz Financier Conclave in Mumbai.

We see a great opportunity for growth with SANY

Our company was founded in 1994 in Jammu. Initially we started with road construction equipment and maintenance machinery for roads and gradually we diversified into construction equipment and earthmoving machinery business.

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 have good market share in 14-20 tonne excavators and road equipment

Volvo operates only through dealerships and being a local dealer was advantageous for me, since Volvo has its manufacturing facility and head office in Bengaluru, says Vinayak Nayak, Managing Director, Encore Heavy Machinery Pvt Ltd.

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.

We believe India to be one of the highest potential markets for our products

For over 15 years, MB has been a leader in the fields of crushing, demolition and recycling, by designing and manufacturing the very first jaw bucket crusher. Since 2001, MB has offered the largest line of patented crusher buckets across the world, suitable for excavators, backhoe loaders, front-end loaders and skid steer loaders.

Rolling On and On

The used roller market is expected for a demand pick up that structures itself majorly on a kickstart to the road construction projects, writes Samir Malhotra. The Indian used construction equipment market is largely populated

Graded Up

If tightened completion time is demanded as in the case of Delhi peripheral ring road by Supreme Court, it will sure to up the demand for advanced, high capacity motor graders.

CV sector gaining traction

A CRISIL study of rated securitised pools shows collections from commercial vehicle (CV) pools have improved driven by an increase in freight demand and lower diesel prices. However, the performance of tractor and construction equipment (CE) asset classes remains weak.

This year our target is to launch tunnel boring machines

We are involved in the sales and service of construction equipment and spare parts from for leading Chinese equipment manufacturers; - Zoomlion for truck-mounted cranes and crawler cranes, and Sichuan Construction Equipment for big capacity tower cranes.

Is the money flowing again?

Tricky times call for strong strategies but the long term prospects are bright for financiers with staying capacity, finds Charu Bahri. Demand for construction equipment finance has been down for the last few years.

Accessing Heights, Safely

As the access equipment industry matures in India and users become more aware on the advantages of using such equipment over conventional practices of working at heights, the rental sector in India is poised for a very bright and promising future.

Eicher Rolls out Pro 6000 Series in West

The Eicher Pro 6000 Series of trucks will meet the needs of most market segments across haulage, distribution, construction, industrial loads, courier and perishables.

Eicher launches Pro 6000 series HD trucks in West India

VE Commercial Vehicles Ltd (VECV) announced the launch and availability of Eicher Pro 6000 series, the next generation heavy-duty trucks in West India with a customer experience event in Mumbai. The event will see the presence of financiers and customers from Maharashtra, Goa, Gujarat and Madhya Pradesh over a 4-day period.

Infra Equip opens new facility

Volvo Construction Equipment India now has a land mark address in Dhanbad as its channel partner Infra Equip recently inaugurated its state-of-the-art facility at Dhanbad.

We expect EPC model dominating at least in the short term

The numbers published by ICEMA clearly shows that there is a slight uptake on the larger equipment like excavators and wheel loaders. The smaller equipment like mini excavators, backhoe loaders etc have still to pick up the trend.

Excavators to Dominate

Within the Indian construction equipment industry, the crawler excavator segment is the largest by value and the second largest, after backhoe loaders, in terms of number of units sold.

Dedicated infra financing vehicles are need of the hour

Eight months in office, the Central Government has done well to improve the business sentiment. Several measures aimed at easing the way of doing business have been taken. Things have started looking up for the infrastructure sector too.

The Show is ON

The market sentiments are right; the government is taking right decisions for growth and development; and the construction equipment sector is sure to face a turnaround.

?We have demand for excavators from mining companies?

We provide services like buyback, workshop services, AMC of machines, on-site repairs, operator training, different types of parts promotion, and credit facilities to major corporate customers, says Pramod Patwardhan, Managing Director, SVP Mining. Excerpts from the interview.

Integrated Load Handling Solutions

With a myriad of attachments, truck-mounted cranes have created niche applications segments with faster, safer and more productive solutions.Construction industry has been witnessing a shift towards using safer, more advanced technology, especially application-oriented equipment and machinery

It's time for the show!

The 3rd edition of bC India, which mirrors the pulse of the CE industry, is expected to attract over 30,000 visitors to witness the exciting range of construction and mining equipment and machinery.

Aiming It Big

Synergy Earth Movers is hopeful to carve a 10 per cent share in backhoe loader segment the next five years.

New Expectations

The new government has just sworn in at the Centre, driving new hopes in the industry. DK Vyas pens down the wish list of expectations from the new government.With the National Democratic Alliance (NDA) having formed the government, industry expectations are high that the new Prime Minister (PM) will be able to lead the economy out of the low growth era through decisive governance.

Expectations from the New Government

Devendra Kumar Vyas, Chief Executive Officer at SREI BNP Paribas pens down the wish list of expectations from the new government. With the National Democratic Alliance (NDA) having formed the government, industry expectations are high that the new Prime Minister will be able to lead the economy out of the low growth era through decisive governance.

A Fresh Lease of Life

Crushers and screens address the supply requirements of the core infrastructure raw material inputs. The de-growth in the mining sector and the prevailing slowdown in the road sector has had a negative impact on the crushers and screens equipment (CS&E) segment. Like in many other equipment segments, the original equipment manufacturers in CS&E also have been busy with upgradation of existing range and new launches. The recent lifting of the ban on iron ore mining by the Supreme Court is expecte

Excavators Ready to Ride the Slump

Within the Indian construction equipment industry, the crawler excavator segment is the largest by value and the second largest, after backhoe loaders, in terms of number of units sold. Now, the shrinking market and intense competition have forced OEMs to focus more on value additions. Concepts like low lifecycle cost, faster ROIs, lowest cost per tonne all have made it imperative for OEMs to innovate, both on the product design and service fronts. Agith G Antony takes a peek at the prevailing t

Our efforts have always been to make the most fuel-efficient machines.

The LiuGong excavator provides the highest productivity in its class, with its effortless hydraulic controls and spacious cabin. LiuGong lays lot of emphasis on operator comfort in order to increase operator efficiency. The machine operates at a higher pressure and hydraulic flow which results in better breakout force and faster cycle time, which further leads to better fuel efficiency, says Rohit Punjabi, Assistant Director (Strategy & Planning), LiuGong India. Excerpts of the interview.

Doosan has a focused approach towards production plans.

We offer products which can work in all applications because of our heavy-duty designs incorporated in the entire range, lowest operating cost per tonne, best up-time of machines and best longevity, says S Manjunath, General Manager ? Sales, Doosan Infracore India. Excerpts of the interview.

ICE financiers and OEMs need to work together in intensifying the dialogue with the government

The growth of the infrastructure and construction equipment (ICE) industry in India is still at a nascent stage. The industry is currently at about $4 billion with volumes in the vicinity of 80,000 units per annum in the organised market.

The demand for crawler excavators will reach 23,000 units by 2017

In view of the government's resolve to contain the fiscal deficit within the planned target, it will be difficult to spend heavily on infrastructure at the moment; however, the situation is expected to improve after the 2014 elections

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

1st Annual Equipment India Awards 2013

Poised to become the third largest market for construction equipment, India is now a major hub for manufacturers globally. The Indian industry, to its credit, has also remained ahead of the demand curve and has brought in the latest technologies and a variety of equipment to fit all sorts of applications. A report on the first-ever Equipment India Awards held in New Delhi on 14 November 2013...

Stalled but Hopeful

In spite of the present slowdown and resultant sluggishness in the CE market, the long- term growth prospects are still intact; and experts view the huge infrastructure deficit as a major growth driver and prudent steps from the government can bring India back on the growth trajectory.

EXCON 2013 - A catalyst

The recovery of Indian rupee against the USD over the last couple of weeks has been a clear indication of the confidence building up in the economy. No wonder, the industry has been expecting a reduction in the repo rate by the RBI that could have signalled that the growth would be back on track.

We have positioned ourselves as a true infrastructure partner rather than a lender

More projects, faster enviro?nm?ent and forest clearances, support in land acquisition and a general clarity in policy are the key. Any infrastructure project takes time and stability of policy is a must to ensure that investment flows, says DK Vyas, CEO, Srei BNP Paribas.

We at Shriram treat FTUs as niche and are focused on supporting small customers.

All bottlenecks on the project execution side, i.e., environmental, land clearances, financial closures, allocation of funds, and awarding of contracts need to be tackled on an immediate basis, or else the industry will see a major down-turn and many good operators will exit the segment, says Rakesh Chandra, Vice President and Risk Head, Shriram Equipment Finance Company. Excerpts from the interview.