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.

CASE CE commemorates its skill development initiatives

CASE Construction Equipment, a 180-year-old global brand under the CNH Industrial umbrella, commemorates its various skill development initiatives at the CASE Skill Development Centre in Pithampur.

CASE Construction Equipment commemorates its skill development initiatives

The brand reaffirms its commitment towards guiding and providing employability skills to aspiring youth through vocational training as a part of their conscientious CSR efforts in the country.

CASE flags off project LEAD to promote rural entrepreneurship

CASE Construction Equipment, a brand of CNH Industrial, has flagged off a new CSR initiative - LEAD (Livelihood & Entrepreneurship Awareness Development), to encourage entrepreneurship among rural youth in India

CASE flags off project LEAD to promote rural entrepreneurship

- As a part of the brand’s CSR initiative, LEAD is a door-to-door awareness programme

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.

$5.13 Bn Opportunity!

Growing at a CAGR of 9.4 per cent, the Indian backhoe loader market is likely to touch $5.13 billion from $1.77 billion in 2021.

Chasing Growth!

Despite rising input costs and transition to CEV stage-IV engines, the CE market is expecting a growth of over 11 per cent in 2022-23.

NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

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.

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.

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.

We see healthy growth for CE industry in coming years

ACE is India’s leading material handling and construction equipment manufacturing company with a majority market share in mobile cranes and tower cranes segment. In addition to mobile cranes, ACE also offers mobile/fixed tower cranes, crawler cranes, truck mounted cranes, lorry loaders, backhoe loaders, vibratory rollers, piling rigs, forklifts, warehousing equipment, tractors, harvesters and other agri machinery.

Outlook on CE sector revised to ‘stable’: ICRA

Heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in volumes since July 2020, resulting in +20 per cent YoY growth during July-January 2021 period.

How NIP has set the tracks for growth

Recently during an interaction with the Union Minister of Roads Transport & Highways Nitin Gadkari, the Minister reiterated that he was proud to have launched a CNG based equipment model of JCB.

Outlook on CE sector revised to ‘Stable’ with sharp volume recovery: ICRA

Two critical demand headwinds in the coming quarters are - the continued limited fiscal bandwidth with State governments to invest in infrastructure and the price hikes following the upcoming emission norm change in April 2022

Rural infra, healthcare to drive demand for CE

The construction equipment industry sees two emerging categories—infrastructure development in rural India and the creation of a strong healthcare system—as growth drivers in the coming years, even as the industry sees green shoots with the revival of infrastructure projects.

Indian CE market to regain growth

Samir Bansal of Off-Highway Research writes on the market and sales scenario of Indian construction equipment market.

The multitasking concrete machine

Mobility and multitasking advantage are driving the demand of self-loading concrete mixers in rural construction projects

The growth of mini excavators will be much faster

Tata Hitachi pioneered the mini excavator market by introducing the first indigenously developed 2T TMX20, way back in the 1990s. Rahul Shorey, Head Sales – Construction, Tata Hitachi Construction Machinery Co, shares more on the market trends.

Backhoe Loaders Bouncing Back

In the current market conditions, the customer focus will be on equipment with better productivity and cost saving. Backhoe loader with its multi-utility advantage and competitive price will drive the demand in the current market scenario.

Steering Growth

Growing urbanisation and mechanisation of manual jobs are driving the demand for compact equipment such as skid-steer loaders in India.

Infrastructure takes pole position

The Central Government's latest announcement on investment in infrastructure has revalidated the mood that was set by Union Minister Nitin Gadkari at EXCON this December.

TECH-MOVES

With the government plans to invest Rs 102 trillion in infrastructure development in the next five years, the demand for construction equipment will be immense.

THE ROAD AHEAD

The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.

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.

Compact and powerful

With the growth drivers of urban and rural infrastructure markets opening up, mini construction equipment segment is looking for a renewed growth in the coming years.

Bigger Digger

Optimum utilisation of excavators is of utmost importance for the economic operation of the machine. All hydraulic excavator OEMs have introduced matching technologies for the optimum performance of their machines.

Pushing Growth

Motor grader market has seen growing in the past couple of years with applications spreading into rural road projects as well as in highways.

Mahindra FES sells 20,948 units in India during January 2019

Mahindra & Mahindra?s Farm Equipment Sector (FES) announced its tractor sales for January 2019. Domestic sales in January 2019 were at 20,948 units, as against 20,822 units during January 2018.

Demand is expected to remain buoyant in the near future

Elgi Equipments offers portable compressed air solutions for a wide range of applications. Ramesh Ponnuswami, Executive Director, Elgi Equipments shares more on the industry scenario and solutions offered by the company.

Compressed Air Power

With government focusing on infrastructure creation and development, construction and mining are expected to grow in the coming days, which means more compressed air power requirement.

Infrastructure: The Way Forward

The total sales of 72,745 units of construction equipment in 2017 against 66,613 in 2016 brought back some sheen. The easing up of GST rate from 28 per cent to 18 per cent helped breathe but the launch of infrastructure projects brought a smile to the industry.

Budget 2018-19: Infrastructure, Rural Development key

Infrastructure development has been one of the top priorities of the Union Budget 2018-19 presented by the Finance Minister Arun Jaitely in Parliament on February 1. Major investments and allocations are in roads, railways and rural development including agriculture and rural economy. Urban infrastructure development has also received a boost with the allocation for Smart Cities mission.

Mahindra FES posts 40 per cent domestic sales growth

Mahindra & Mahindra Ltd?s Farm Equipment Sector (FES) announced its tractor sales numbers for January 2018. Domestic sales in January 2018 were at 20,647 units, as against 14,776 units during January 2017.

Our ultimate aim is to bill one lakh customers a year

From just an electrical channel partner, Vashi Electricals has grown to become a company of procurement specialists, helping customers from various verticals, including infrastructure equipment. Sanjeev Bhatia, Partner, elaborates more on the company and its vision for future.

Landmark year

The 4th Annual Equipment India Awards and CEO Forum held on April 21, 2017 was accepted by the industry wholeheartedly with a full house presence. It was a great occasion for us to see participation from the entire cross-section of the infrastructure equipment industry, project contractors, consultants, and government agencies such as Indian Railways, NHAI and IRF.

ON THE CLOCK!

Material and earth movements are the major work content of all infrastructure developments and mining activities. Front-end loaders, backhoe loaders, dozers and application-centric equipment as options for the users to choose from to suit individual requirements.

The Earth Movers and Shakers

As a consequence of the excavation activity gaining momentum, earthmovers like front-end loaders, crawler dozers, traxcavators and other earthmoving equipment are registering a CAGR of 15-18 per cent. Since the Indian economy is reviving, these equipment are also finding emerging markets in other sectors as well.

Northward Bound

After a lull in the market in 2015-16, the construction equipment industry in India is looking northwards with some 46,000 units expected to be sold in 2016. Global sales of construction equipment declined more than 10 per cent in 2015 compared to 2014.

Backhoe Loaders Get a Rural Boost

Gone were the days when the backhoe loader market was exploding in all facets of India?s infrastructure development. All recognised suppliers were registering negative to flat trajectory growth since FY 2011.

Used excavator market has a huge potential worldwide

Based on revenues, earth moving holds the largest share in the construction equipment industry (62.1 per cent). Major market Players in excavator market are CAT, L&T Komatsu and Tata Hitachi.

Hiring sector to regain top position in rental equipment purchase

Many infrastructure projects were announced in 2013 and 2014 which got awarded to several Infra companies and contractors after competitive bidding. Quite a few of these however got stalled due to land acquisition issues, environmental clearances and ability to arrange funds.

Light at the End of the Tunnel

The slowdown in infrastructure development, a major driver for the construction equipment industry, had resulted in reduced demand in recent years. However, with a new stable government in place, infrastructure development is expected to be back on the fast track soon.

Many German companies plan to invest more in India

An overwhelming majority of bC India exhibitors (79 per cent) expect the economy in the region to improve and to continue growing, says Rajesh Nath, Managing Director, VDMA India Services.

Government should set up an independent commission for PPP regulations

It is a clich? now that the infrastructure sector is a critical enabler for sustaining economic growth as well as for ensuring its inclusiveness. This alone could enable a two per cent growth in GDP.

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.

Equipment Financing

The way forward is to intensify the dialogue process with the government authorities at various levels and make them realise that the faulty policies are costing India dear

The upgraded CAT 424B backhoe has set a new benchmark

Despite the market becoming more competitive with many new players entering the indu?stry, TIPL has continued to grow through value selling and with an objective to garner profits for customers, says Arunava Ghosh Dastidar, AVP & Business Head?BCP, TIPL.Backhoe loaders in India started as multipurpose equipment, cutting across various sectors, both in urban as well as rural areas.

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.

The REL-Wiggert design is an operator-friendly batching system

The REL batching plants, manufactured in technical collaboration with Wiggert Gmbh, Germany, have safety features superior to any other manufacturer in the country, which includes safety fencing, mechanical interlocking systems,

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,

Caterpillar brand is synonymous with durability and reliability

Our cusomer support agreements (CSA) deliver the highest asset uptime and lowest cost of operation over the entire product life cycle, says Subir Bhattacharyya, Advisor - TIPL. 0 - - 16259 14 102 2011-06-01 00:00:00.000 Equipment India ACE is in the process of doubling the capacity

We are focusing on backward integration especially in-house fabrication with specialised strengthened steel, says Jitendra Sharma, Chief Executive Officer, Action Construction Equipment. Excerpts from the interview.

What is the demandsupply scenario for backhoes in India? What is the market share of ACE for backhoes in India and growth envisaged?
As of now, the demand-supply is at equilibrium. ACE has focused in this segment and is targeting to capture 15 per cent market share by 2012 with approximately doubling the growth in next three years.

What is the market potential for backhoes in India in terms of volume and value? What are the growth enablers?
The market potential is around 22,000 units as per the past trend, value wise it touches around Rs 4,000 crore. India is focusing on infrastructure development in a big way like China and other developing countries and many MNCs in tie-up with Indian companies are moving into the segment. Also, timely completion of the projects will play a major role for enhancement of the potential.

Could you tell us about the range offered by ACE and their features?
We offer basically two models with different variants, the first one is a common 76-hp two-wheel drive, and the other is 96-hp four-wheel drive model. In addition, we have various combinations and optional attachments which can be added or removed depending on the application of a backhoe loader. ACE is focusing on backward integration especially in-house fabrication with specialised strengthened steel. This is a strength for producing best quality with competitive pricing, and also marching with new patterns like BS III compatible engine as per the requirement.

What is the existing manufacturing capacity for backhoes?
ACE has a capacity of manufacturing 200 units per month and is in the process of enhancing the same to nearly 400 units per month in the near future.

Which segment contributes maximum share for backhoes in India?
Plant hirers comprise around 6570 per cent of the market.

What is the rental scenario for these products?
One can anywhere rent out a machine on an average of Rs 600800 per hour and if rented on a monthly basis, one can generate Rs 70,00080,000 per month with a fixed expense of around Rs 20,000 per machine.

What is the RoI on a backhoe?
The machine if purchased on a loan recovers its cost in three years excluding an average monthly income of Rs 20,000.

Tell us about the attachments offered along with backhoe?
We offer various attachments namely forklift, 6-in-1 clam shovel, ripper tooth, rock breaker etc. Various bucket sizes are also available for different applications.

How do you look at the competition in this segment?
With more and more companies entering in the segment, the competition has become fierce as well as interesting. But, since ACE's USP is better quality at a right and highly reasonable price, we are sure we will be looking for big results in a short span of time. Nevertheless, we are confident about our well established sales and service network spread across India, and service being a major issue of concern, we will leave competition far behind.

How do you look at the replacement/repowering market for the units sold which are not complying with Bharat Stage III norms?
Engine manufactures have already worked on this and government regulations have to be complied with. A plan is being chalked out to ensure the required modification, but practically it may take some time to get the work accomplished.

Could you brief us on ACE's strength in training and service network?
ACE has already been rated as the fastest growing construction equipment company. With enhancement in product range as well as capacities, the company has already chalked out a detailed programme to ensure not only to retain the present training and service status but to enhance the same for betterment to the level of perfection and entire satisfaction of the customers. New training centres with all modern facilities and best expertise available in the market is going to be utilised. Train the trainer programme and continuous and vigorous training camps supported by seminars will be the part of the continuous process for the same. Also in this line, we already run a residential training school for service engineers and operators with a capacity of 30 candidates in one batch.