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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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

We expect the demand to grow for hydraulic excavators

Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro

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.

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.

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.

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.

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

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.

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.

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.

MCE market to witness volume growth in CY2021

Roads and highway projects and rural development to drive growth.

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.

Mahindra’s tractor sales post 28 per cent growth in July 2020

Mahindra & Mahindra’s Farm Equipment Sector (FES) announced its tractor sales numbers for July 2020.

Revenue of road EPC contractors to de-grow 8-10%

Revenue of road-building engineering, procurement and construction (EPC) companies is expected to de-grow 8-10 per cent this fiscal with the COVID-19 pandemic-driven lockdowns severely curtailing activity, a CRISIL report says

Revenue of road EPC companies to de-grow 8-10% this fiscal: CRISIL

Revenue of road-building EPC companies is expected to de-grow 8-10 per cent this fiscal with the COVID-19 pandemic-driven lockdowns severely curtailing activity

ATS ELGi launches vehicle sterilisation solutions

ATS ELGi announced the launch of its new range of vehicle sterilisation solutions.

CE production to be 4 per cent down

The global construction equipment (CE) industry is expected to lose production of 43,000 machines this year after factory closures and national lockdowns around the world, according to Off-Highway Research.

COVID-19 impacts construction sector

The construction industry has been severely impacted by the spread of COVID-19 and the subsequent lockdown.

Global construction equipment production to be 4 per cent down

The global construction equipment industry is expected to lose production of 43,000 machines this year after factory closures and national lockdowns around the world, according to Off-Highway Research. This is equivalent to 4 per cent of last year?s total output of 1.07 million machines.

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