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Liebherr: 2022 business year with new record turnover
Compared to the previous year, the company recorded a turnover growth of Euro 950 mn
Shriram Automall gets Great Place to Work certification
Great Place to Work® is a global authority that recognises High-Trust and High-Performance Culture™ at workplaces
Shriram Automall gets Great Place to Work certification
Great Place to Work® is a global authority that recognises High-Trust and High-Performance Culture™ at workplaces
BKR Prasad: We expect the industry to post double-digit growth
BKR Prasad of Tata Hitachi speaks on the key products on display during bauma.
We are keen to showcase our readiness in building the India of tomorrow
BKR Prasad, Head – Marketing & Product Development, Tata Hitachi Construction Machinery, speaks on the key products on display during bauma CONEXPO.
Outsourcing Warehouse Operations
Aditya Vazirani of Robinsons Global Logistics Solutions discusses warehousing, which has emerged as one of the most crucial aspects of the modern supply chain.
Infra Push Drives Demand
The rise in infrastructure projects will only see an increase in demand for attachments for construction equipment.
Why outsourcing warehouse operations are more effective
Aditya Vazirani of Robinsons Global Logistics Solutions discusses warehousing, which has emerged as one of the most crucial aspects of the modern supply chain.
Why outsourcing warehouse operations are more effective
Aditya Vazirani of Robinsons Global Logistics Solutions discusses warehousing, which has emerged as one of the most crucial aspects of the modern supply chain.
Honda India Power Products forays into e-commerce
Honda India Power Products (HIPP), India's leading and best-in-class power product manufacturer, and market leader in the power products category for the past 36 years, announced the launch of an exclusive e-commerce portal on its official website: www.hondaindiapower.com.
The Concrete Advantage!
The concrete equipment market is expected to rise on account of anticipated growth in the construction industry, increasing FDIs, and the rising number of smart city projects in the country.
Elgi Equipments' March 2022 net sales at Rs 727.61 cr
Consolidated sales for the fourth quarter was Rs 728 crore as against Rs 611 crore in the corresponding quarter in 2020-21.
Elgi Equipments revenue up 31%
Manufacturer of air compressors, Elgi Equipments, said it will take steps to keep costs under control as inflation, war, and political unrest in some geographies threaten to affect demand and margins.
We plan to double our production capacity
ACE, one of the largest construction equipment players in the mobile and tower crane segments in India, showcased its upgraded and new backhoe loader models in different engine horsepower categories at Excon along with award-winning products like a special crane for piling, 360-degree slew pick-n-carry crane, and manlift crane.
Improving machine productivity
The demand for the hydraulic hose is estimated to grow at a substantial rate from the construction industry owing to the requirement of high operating pressure and maximum abrasion resistance to the equipment.
Double-digit growth likely
Excon is a large, popular and established platform for the construction equipment industry in India where corporates, large infrastructure companies, contractors and their subcontractors, project construction professionals and retail customers meet original equipment producers and suppliers.
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.
The world is transitioning towards sustainable business practices.
Our emphasis has always been to keep the customer foremost in our mind. We have therefore, laid special emphasis on customer-friendly products and solutions that are easy to adapt to and help in enhancing usability and serviceability.
Sustainability in logistics
Sustainability within logistics is expected to be taken up on a larger scale, with digitalisation and automation being prime movers of such operations, writes Huseni Vohra of Ocean Insights.
Towering Ahead!
The rapid expansion of the real-estate sector and the emergence of high-end infrastructure projects are driving the demand for tower cranes.
On the Move!
The market for mobile cranes is on the move driven by low-rise residential, commercial, and industrial building construction activity in urban areas.
BKT to focus on mining products at excon
BKT, the Indian multinational group and a global player in the off-highway tyre market, is all set to cross a billion dollars this year with India contributing 20 per cent and exports of 80 per cent.
Make in Steel 2022
The fifth edition of Make in Steel Conference and Awards 2022, with the theme “Gearing up for sustainable steel in India”, offered three interactive panel discussions and thought-provoking industry keynotes.
Improving energy efficiency
Asphalt plant manufacturers and operators are understandably placing great emphasis on higher productivity.
Battery vehicles are now trending in the market
Today India is one of the fastest-growing economies – power consumption and steel are prime indicators of growth, and are having a northward trend hence the demand for minerals and metals both are growing in India.
Gaining traction
Growing construction industry supported by global megatrend of urbanisation is expected to drive growth of the global aerial work platform market.
Counting on diggers
Increasing demand for construction and infrastructure activities is anticipated to augment earthmoving equipment market growth in India over the next few years.
Concrete proof
Growth is round the corner for concrete equipment as market is projected to cross $1,300 million by 2024, exhibiting a CAGR of 13 per cent because of anticipated growth in the construction industry.
Icra slashes growth forecast for auto components industry to 17-20 pc for FY22
According to Icra, the components industry is now expected to grow at 17-20 per cent in 2021-22, partly aided by "the low base of last year and commodity passthrough" besides growth driven by domestic OEM, replacement and export volumes.
Volvo CE introduces 3 new construction BEVs
Roads and highways sector is considered to be the most vibrant infrastructure segment where a lot of activities ongoing consistently for a long time.
We are a market leader in surface mining
Wirtgen is global market leader in the manufacturing of machines for cutting rock in open cast mining operations. Wirtgen surface miners cut primary resources such as coal, gypsum, iron ore, salt, phosphate, bauxite, limestone or granite, achieving high degrees of purity in the process.
Construction sector: A huge contributor to country's development initiatives
Construction was among the significantly impacted industries due to Covi-19 and sales of construction equipment also fell globally, writes Gagan Pal.
Demand for higher tonnage cranes is likely to grow
With the government’s heavy investment on infrastructure development, the mobile crane market in India is showing gradual signs of improvement, which was impacted by the pandemic.
Construction sector: A huge contributor to country's fast-paced development initiatives
Authored by Gagan Pal, Vice President- Sales & Marketing, Honda India Power Products Ltd.
Craning Forward
Despite uncertainty, the overall market for mobile cranes is expected to grow between 10 to 15 per cent for the next two to three years.
There is upsurge in demand for medium & high-capacity cranes”
The medium and heavy-duty mobile cranes market is progressing largely in India due to the growth in the construction industry of the country.
Demand for pick n carry cranes has strong correlation with industrial growth
The India mobile crane market is anticipated to register annual growth rate of over 5 per cent during the forecast period 2020-2025. Unfortunately, Due to unexpected Covid-19 pandemic, we can expect some challenges in terms of upcoming projects in India.
Achieve efficiency & profitability with right lubrication solution
The Indian steel industry had been expanding till March 2020 with its Purchasing Manager’s Index (PMI) over 50. However, the pandemic, subsequent lockdowns and supply-side constraints have deeply affected operations.
Goodyear India income up 131% in Q1FY2022
The total income of the company is Rs 540 crore, up 131% versus the previous year. Goodyear’s profit after tax is Rs 27 crore compared to a loss of Rs 4 crore last year.
Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore
Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore for the quarter ended 30 June 2021, registering a y-o-y growth of 38 per cent, attributed to healthy execution of projects despite the second wave of Covid-19 affecting operations at many locations.
Market to bounce back
The Covid-19 pandemic has hugely impacted the global air compressor market in a negative way. However, the market is expected to recover by Q1/Q2 of 2023.
Narrowing of price levels between excavators & backhoes is expected to have an impact on volumes
The Indian backhoe loader market had been growing year-on-year for four straight years till 2018-19. It grew with a CAGR of more than 20 per cent per year, peaking in 2018-19. In 2019-20 the market shrunk by 20 per cent due to factors such as elections and constrained liquidity post the ILFS crisis.
Tech Drives Backhoes
Backhoe loader manufacturers are leveraging digital technology by integrating Big Data and the Internet of Things in their models.
Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore
Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore for the quarter
BEML starts manufacturing oxygen generating units
BEML has always been at the forefront when it comes to dealing with national crisis.
MHE in India: What drives the sector
There is high growth potential in material handling industry in India considering the pipeline of opportunities in construction and infrastructures sectors.
The recent MHE market demand is on the uptrend”
Pre-Covid Indian MHE market has shown double digit CAGR since 2014. In-spite of Covid-19 pandemic and business being at standstill for almost four months in 2020, we saw a fast-paced recovery since August 2020, and witnessed the highest ever MHE market in March 2021 and in Q1 2021 which was fuelled by growth in economic activities.
Crushing it!
With an increase in mining activities and infrastructure development in India, the demand for crushing and screening equipment will also rise.
Arvind Garg of L&T: I foresee huge demand for hydraulic excavators
Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro, speaks on the various product offerings from your company in the HEX segment.
BEML records highest ever turnover
Defence public sector undertaking, BEML recorded its highest ever turnover of Rs 3,557 crore for the FY 2020-21 against the previous year turnover of Rs 3,029 crore, a growth of 17%.
Despite second Covid wave, highway construction at 28 km per day in April
Despite the Covid-19 pandemic, lockdowns, and limitations on movement in most parts of the country, highway construction in April quadrupled this year to 853 km compared to the same month last year, which saw an entire nationwide lockdown.
Second wave of pandemic has hit the production
Incorporated in 2002, SANY India was and offers the widest range of construction machinery in India and South Asia. Presently, SANY India offers products like excavators, truck mounted cranes, all-terrain and rough terrain cranes, crawler cranes, transit mixers, batching plants, boom pumps, trailer pumps, piling rigs, motor graders, pavers, compactors, reach stackers, rubber tyred gantry cranes, rail-mounted gantry cranes, mining equipment, wind turbine generators and many more. The company has already established a strong network of around 28 dealers and 135+ outlets across India to cater to the growing demand and provide sales and service support to all its customers and associates.
Towering over
Tower cranes are expected to a see a surge in demand with the spurt in infrastructure development projects.
We have 200 cranes working only in South India alone
Almost 200 cranes working only in the South India overall. We can say more than 500 cranes in the last couple of years in South India. There is a good growth rate we have seen amidst this pandemic.
We expect the demand to grow for hydraulic excavators
Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro
We expect the market for hydraulic excavators to grow by 20%
The excavator market peaked in FY2018-19 following three years of sustained growth led by increased government focus and investment in the infrastructure sector.
BEML starts manufacturing oxygen generating units
In the wake of this 2ndwave of Covid pandemic and to mitigate the oxygen shortages in the country for Covid patients, BEML has successfully started manufacturing960 LPM Medical Oxygen Plants at its KGF complex in record time under a ToT agreement with M/s.Defence Bio-Engineering & Electro Medical Laboratory, Bengaluru under DRDO.
Digging deeper
The government’s various initiatives on revival of the infrastructure sector and favourable policies have driven the growth of Indian hydraulic excavator market.
A powerful transmission
Transmission, a key component in a construction equipment vehicle, plays a major role to the functionality of the vehicle, especially in the high frequency and heavy application.
We are well placed to take advantage of opportunities that India offers
Bonfiglioli India’s solutions are based on a wide range of products, including gearmotors, drive systems, planetary gearboxes and inverters. The company’s Country Manager, Kennady V Kaippally, speaks on the present size of transmission systems in India, and the segments that are driving the demand for these products.
VECV launches Covid support package for dealer network and customers
VE Commercial Vehicle has announced a comprehensive package to support Eicher truck and bus customers, dealers, and dealer employees as they continue to operate in this difficult time.
CASE announces 60-day extension of warranty on all CE
CASE Construction Equipment announced a 60-day warranty extension on all construction equipment in light of the second wave of the COVID 19 pandemic in the country. This extension is applicable on all such units whose warranty is expiring between May 1, 2021 and June 30, 2021.
Rahul Shorey of Tata Hitachi: We are working on excavators meeting next-gen emission norms
Rahul Shorey, National Head (Construction), Tata Hitachi Construction Machinery Company, speaks on the opportunities and major challenges faced in the hydraulic excavator segment.
Escorts' standalone profit up by 80.0% to Rs 874.1 cr
Escorts reported standalone profit of Rs 874.1 crore for the year ended March 31, 2021, up by 80.0%, as against a profit of Rs 485.5 crore in the previous year.
Beating Covid-19
The second wave of Covid-19 pandemic brought us to a complete standstill. However, several companies have rose to the occasion and have come forward to help hospitals treating Covid-19 patients by supplying medical oxygen.
One year of lockdown: Real estate sector beating pandemic blues
For many industries, this was a transformative year and one of them which underwent a turbulent change was the real estate sector.
We believe that it will take at least a year for the market to stabilise
Incorporated in 1990, Suretech Infrastructure offers specialised infrastructure construction and foundation engineering equipment and materials to the building and construction industry, throughout the Indian Sub-Continent.
Laying a strong foundation
The demand for foundation equipment in India has been growing at the rate of 25 to 30 per cent year on year basis.
YoY demand for concrete equipment will be at 20-25% in today’s scenario
Incorporated in June 1998, and commencing its manufacturing operations in 1999, Schwing Stetter India is a 100 per cent subsidiary of Schwing GmbH, a $1.30 billion German concreting machinery manufacturer and a part of XCMG group.
India continues to be an important market for us
Since 1958, Putzmeister has been global leaders in the world of construction and mining. The company develops, produces, sells and serves its customers with high quality and high reliability machines for pumping, distributing and placing concrete, mortar and high-density solids, and for preparing, temporarily storing, processing and transporting these materials.
Putzmeister India MD: India continues to be an important market for us
In an exclusive interview, Wilfried Theissen, Managing Director of Putzmeister India, speaks on the current scenario of concrete equipment market in India.
Demand diversity in CE sector
Infrastructure is a silver lining in the pandemic for many States. With the lockdowns in place in most States during 2020 and reduced vehicle traffic, crews continued their road work and were getting more work done than usual.
Rural economy driving demand
Boosting economic growth is currently a major challenge for the government to achieve its dream of making India a $5-trillion economy by 2024, writes Samir Bansal of Off-Highway Research.
bauma CONEXPO India Cancelled!
bauma CONEXPO India is a melting pot of knowledge, deals and networking. We explores what the cancellation of this year’s edition means for the industry.
Rising Tide
Financial year (FY) 2020-2021 was a year of transition for the auto components industry.
Operational visibility & automation central to maritime logistics of future
Sustainability within logistics is expected to be taken up on a larger scale, with digitalisation and automation being prime movers of such operations, writes Huseni Vohra of Ocean Insights.
Bounce back
Construction equipment finance has bounced back after the pandemic-forced lull.
AJAX ARGO model’s mantra is ‘maximum productivity for your investment’
“AJAX ARGO Self-Loading Concrete Mixer (SLCM) delivers ‘Maximum Productivity for Your Investment’ says Ajay Aneja, Chief Marketing Officer, AJAX Engineering
Stainless steel production declines by 19% to 3.17 MT in CY2020: ISSDA
India remains second-largest producer globally despite a challenging year.
Domestic road transportation sector rebounds
The recovery has also been visible across other modes of transportation as well - rail freight traffic and port freight volumes have both reported growth, although the latter at a slower pace than other modes
Power your profits
Tata Motors’ extensive range of 28-tonne tippers helps you maximise profits and have complete peace of mind.
Operational visibility & automation central to maritime logistics of future
Sustainability within logistics is expected to be taken up on a larger scale, with digitalisation and automation being prime movers of such operations, writes Huseni Vohra of Ocean Insights.
Focus on infra to revive economic growth
The government’s focus on building infrastructure will create jobs and revive economic growth
Italian CE market remains stable in 2020
During the 12 months of 2020, 16,962 construction equipment have been sold in the Italian market, with a stable trend compared to 2019 (+0.2 per cent). More in detail, earth-moving machines sold were 16,251 (0 per cent), and 711 were road machines (+15 per cent).
Italian CE market remains stable in 2020
During the 12 months of 2020, 16,962 construction equipment have been sold in the Italian market, with a stable trend compared to 2019 (+0.2 per cent). More in detail, earth-moving machines sold were 16,251 (0 per cent), and 711 were road machines (+15 per cent).
Prioritising ports
The modernisation of ports is a prerequisite. The various policy measures announced in the sector are expected to increase investor confidence in the sector which in turn will translate into great opportunities for growth in the port equipment market.
Innovation has been cornerstone of JCB’s operations
In our exclusive, Deepak Shetty, Deputy CEO & Managing Director, JCB India Limited, tells us how the construction equipment industry in general and JCB in particular have been emerging through the year of the pandemic.
L&T compactors are very well established in the Indian market
L&T’s Construction and Mining Equipment business manufactures, distributes and provides after-sales support for construction and mining equipment for diverse industries and applications.
Budget focuses on infra to revive economic growth
Finance Minister Nirmala Sitharaman proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP)
CE market to pick up in long term
After a 15 per cent drop in construction equipment demand to 83,470 units in 2019, some signs of recovery were visible at the beginning of 2020.
Indian CE market to regain growth
Samir Bansal of Off-Highway Research writes on the market and sales scenario of Indian construction equipment market.
2021 will be a year of challenges and consolidations
Souma Ray, Director, Haulotte India shares his thoughts on the AWP market outlook and the company’s activities.
There is clear room for the market to grow
Rajaram Krishnamurthy, Vice President - Marketing & Sales and Customer Services, DICV, shares his thoughts on the market scenario and the company’s strategy going forward.
AWPs for safe and reliable operations
The post-pandemic conditions demand for safer and secure means of operations where AWPs will play a major role and will gain prominence in future.
We provide more focus to training
Manoj Rawat, Country Manager - AWP, India & SAARC Region, Terex India, elaborates on the outlook on the Indian AWP market.
CE industry: On the road to recovery
The rural economy has also been driving sales of construction equipment. A good monsoon, record agricultural production and huge procurement by the government agencies along with a focus on rural infrastructure are all attributable to increasing rural prosperity.
ELGi posts sales growth in Q2
Elgi Equipments announced the results for the quarter and half year ended 30 September 2020. PAT for the quarter was Rs 332 million compared to Rs 117 million in the same period in 2019-2020 on a consolidated basis.
Mining market scenario
The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.
Tipper trucks market gearing up
Revival in mining and gradually picking up construction activities are expected to bring back the demand in the coming months.
Adaptability and agility are our core strengths
Gagandeep Singh Gandhok, Senior Vice President – HD Truck Business, VECV, shares his views on the market scenario and the company’s plans.