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Indian CE Market Overview

In spite of the short-term ups and downs in the market volumes, the construction equipment (CE) industry is expected to touch close to the volume of 140,000 units by 2024-25.

Bharat Forge posts revenue growth in Q2

Bharat Forge witnessed broad-based growth across all business segments and geographies during the second quarter (Q2) of the financial year 2019.

Bharat Forge posts 23.2 per cent revenue growth

The Q1 FY19 was the seventh consecutive quarter of sequential revenue growth for Bharat Forge Ltd (BFL), driven by a combination of its de-risked business model and end market growth. Total revenue at Rs 14,797 million grew by 23.2 per cent compared to Q1 FY18.

Credit demand may pick up in the second half of FY 2015-16

In July 2014, the current government presented its first budget which was predominantly growth-oriented. The announcements made in the budget represented measures to tame inflation and provide a boost to investments in manufacturing and infrastructure sector.

The Rupee Impact

The depreciation of the Indian rupee has had its adverse impact on the manufacturing sector, especially OEMs who import various components. To the extent possible, OEMs are trying to localise production, but that is just a part of it. What the industry is looking is for concrete measures that can bring life back into the economy and trigger growth in a sustainable way.

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.

Our equipment are focused on better process management, time and cost saving.

By virtue of our acquisition of GIA AB and MEYCO in 2011 and 2013 subsequently, Atlas Copco is the preferred partner for major construction companies to complement their tunne?lling operations with shotcrete machines, locomotives, ventilation systems, conti?nuous loading machines, pipe-roofing and radial bolting system, grouting equipment.

Will elections energise the economy?

It seems that we are stuck in the same narrative, which is playing on a loop, told and retold over the past couple of years. The gist of that tale is: even though short-term prospects are not too bright, the slowdown and resultant sluggishness in the CE market is a temporary blip; the long-term growth prospects still look promising

We cater to the entire value chain from procurement to deployment to disposal.

Our pan-India presence and in-depth knowledge of the Indian market make us a preferred player for any equipment manufacturer, (Indian or foreign, who is eyeing the ICE market in India. A proper risk management system, floating interest rate financing and customised offering have been major growth factors for us, says DK Vyas, CEO, Srei BNP Paribas. Excerpts from the interview.

Kelley's strengths lie in its technology and innovative product range.

Over the last two decades, the equipment industry, both construction and material handling, has seen enormous growth. While construction equipment in India has reached a mature level in terms of technology, the material handling industry on a larger perspective still needs a lot of work to be done. The growing trend in FDI and increasing customer expectations throw open a greater amount of opportunity for the players in this field.

We provide extensive training to operators on the finer points of operation

The vision statement of Vev Ventures goes like this: To be a dependable distributor for con?struction equipment and attachment in the market,

Ready....Camera....Action

That is what the whole nation is waiting for; waiting for the call to action, because the thriller is fast losing the plot. Here the case in point is the construction industry and related segments, including the construction equipment sector.

JCB gives utmost importance to safety and our tracked excavators are the safest choice

All JCB excavators are fitted with a unique filtration system which increases hydraulic oil and filter life resulting in huge cost savings and better emissions.

The Big Ones Get Better

Sales of crawler excavators, which grew until 2008, declined by 20 per cent in 2009 but recovered strongly to 11,453 units in 2010, a growth of 44 per cent.

JCB always keeps customers at the heart of everything it does

?We focus on both process innovation as well as product innovation. We have dedicated teams working on each of our product lines with the sole purpose of increasing efficiency through value engineering," says Vipin Sondhi, Managing Director & Chief Executive Officer, JCB 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.

X factor drives growth

At under 60,000 units of CE, the industry?s contribution to the auto component industry, at nearly $40 billion for 2010-11, is still very insignificant considering a tractor production of over 5,25,000 units and medium and heavy commercial vehicles over 3,30,000 units.

CE sector on cusp of boom

Infrastructure spending will drive construction equipment (CE) growth. As per the 12th Five Year Plan estimates released, the following is the spending envisaged:

We have doubled our distribution outlets over the last five years

With strategic investments in place, we have the right kind of facilities and can upscale our production whenever required, says Vipin Sondhi, Managing Director & CEO, JCB India,

Metso registers growth, profit

Metso, a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries, has registered progress in growth and profitability.

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