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Deere Construction sales fall 12% in 2024

Deere & Co. reported fiscal 2024 sales of $51.7 billion, down 16 per cent from $61.3 billion in 2023. Sales in agriculture were down 22 per cent, and sales in construction and forestry dropped 12 per cent.

Innovative Financing Models Fuel Growth

Innovative financing models are transforming the construction equipment sector, driving growth in emerging markets like India, where strategic partnerships and tailored solutions are accelerating infrastructure development

We will showcase our 125kVA CPCB IV+ genset

Cummins India designs, manufactures, and services diesel and alternative fuel engines (2.8 to 95 liters), power generators (up to 3000 kW), and related components. The Cummins team highlights the innovative technologies showcased at the exhibition.

Building India’s Global Manufacturing Capabilities

The Indian manufacturing sector stands at a critical juncture, with several opportunities arising from global shifts and local initiatives. But to take advantage of this evolving market, Indian manufacturers have to raise their global competitiveness, says Rakesh Rao.

2030 Goal: 250,000 Excavators!

India aims to increase its annual production from approximately 85,000 units to 250,000 units by 2030, driven by infrastructure investments in roads, railways, and mining

Modern Demolition

Increased efficiency, increased safety and reduced need for skilled labour are among the many factors that drive the development of autonomous construction equipment.

On a high growth path

The government's focus on infrastructure development is expected to drive the demand for mini construction equipment.

On a high growth path

The government's focus on infrastructure development is expected to drive the demand for mini construction equipment.

An Upward Trend for CE Industry

Off-Highway Research forecasts the market to grow by 9 per cent to 89,350 units in 2023 but predicts it to fall 7 per cent to 83,350 units in 2024 (the general election is scheduled that year).

Infra push for mini equipment

According to Arizton’s latest research report, India’s construction equipment market will grow at a CAGR of 8.9 per cent during 2022-2028. Mini excavators hold a decent share in the overall construction equipment industry.

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