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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).

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.

On track: double-digit growth

Distribution, digitisation and electrification are expected to be the key drivers of the earthmoving equipment industry in the coming years.

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.

Bringing biodiesel on the market

Fuel costs and India’s reliance on foreign fuel sources are a constant concern for many construction owners whose businesses are heavily dependent on machinery that requires diesel. Many alternate energy sources have been discussed, researched, and used in the past but, for equipment, the primary form of alternate fuel has become biodiesel.

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.

Use of automation in road construction may increase

Share insights on technological up-gradation that has happened recently or might happen in near future in the construction and engineering business.

There is an increase in demand for underground equipment

Sandeep Mathur, Brand Leader, New Holland CASE Construction Equipment, shares light on technological upgradation happened recently.

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.

One of the major demand drivers is increase in demand for underground mining equipment

With the mining sector being one of the core industries of the economy, it has witnessed year-to-year growth. In terms of trends, there were positive signs in the manufacturing and mining activity that recorded a higher relative growth performance last year.

Indian construction equipment industry growth slumps in Q3FY22

On the back of slowdown in the construction activity, the Indian CE industry experienced 23% drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21, as per the ICEMA report.

Covid-19 has expedited the transition from manual processes to automated systems”

The demands on controllers and sensors used in construction machines, municipal vehicles, agricultural and forestry machinery, port facilities and cranes are extremely high. Units and machines are permanently exposed to harsh environments like heat, cold, moisture, mud, dust, shocks and vibrations and often even thunder and lightning.

Escorts facilitates 37k+ Covid-19 vaccinations in Faridabad

The initiative named “COWINNER” commenced on July 2 at QRG Health City, Faridabad and concluded on August 12, 2021.

Cummins India profit at Rs 171 cr Q1 2021-22

• Total sales for the quarter at Rs 1,167 crore increased by 141% compared to the same quarter last year and declined by 5% compared to the preceding quarter.

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.

Portable compressors play major role in mining, infra and construction applications

The construction sector has been again impacted by the onset of the second wave of the Covid-19 pandemic.

Tech Drives Backhoes

Backhoe loader manufacturers are leveraging digital technology by integrating Big Data and the Internet of Things in their models.

At CASE, our backhoe loaders are replete with advanced features

Backhoe loaders are one of the most popular and in demand construction equipment currently, accounting to nearly 65 per cent of the construction equipment segment in India.

SKF declares financial results for Q1 FY22

The Board of Directors of SKF India, India’s leading technology and solutions provider of bearings and units, seals, lubrication, condition monitoring and services, approved the unaudited financial results for the first quarter ended June 30, 2021.

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

SKF India declares its financial results for Q1 FY22

The revenue from operations of the Company for the period was at Rs 6935.3 million as compared to Rs 3012.4 million in the previous year.

Ingersoll Rand helps set up an oxygen plant in Faridabad

The plant will generate 200 LPM of oxygen per day to help the city in its fight against Covid-19.

Jindal Stainless facilitates supply of 150 ventilators for Covid relief

So far, Jindal Stainless has supplied nearly 5400 MT Liquid Medical Oxygen (LMO) to various hospitals and oxygen filling centres. Through its units in Hisar and Jajpur, the Company is supplying over 50 tonnes of Oxygen per day to 50+ medical facilities in Haryana, Delhi-NCR, and Odisha.

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.

JCB announces Covid relief package for employees

The company also aims to vaccinate all its employees over the next few weeks.

Sanjay Saxena of Sany: Covid second wave has hit production

Sanjay Saxena, Senior Vice President & Head of Heavy Equipment Business Unit, Sany Heavy Industry India, speaks on the technology trends in foundation equipment and accessories, and the latest products and solutions offered by the company.

Escorts announces Covid relief measures for its employees

Escorts Ltd., India’s leading Engineering conglomerate, has adopted a series of measures to support employees amidst second wave of Covid-19 pandemic. These include both healthcare and financial aid for employees and their families in these difficult times.

VECV launches Eicher Skyline Ambulance

Ambulance range aligned to ongoing efforts to modernize medical infrastructure

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.

We expect the demand to grow for hydraulic excavators

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

How equipment makers are helping India fight Covid

More than a year into the epidemic and still there is no end in sight. Here’s a look at how construction equipment companies are stepping up to shoulder the challenges that Covid-19 has unleashed.

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.

India may lose second largest stainless steel producer spot to Indonesia in CY2021: ISSDA

Massive capacity build-up by Chinese stainless-steel companies in Indonesia to become operational this year | Surplus production may be targeted at Indian markets

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.

Atlas Copco pledges Rs 4 crore to combat Covid-19

Atlas Copco has made a commitment to contribute INR 4 crores to combat the COVID-19 crisis. As part of its corporate social responsibility initiatives, the company has donated 50 ventilators to Pimpri Chinchwad Municipal Corporation (PCMC) and 100 oxygen concentrators to district government hospitals in Maharashtra.

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.

Vedanta BALCO’s 100-bedded Covid field hospital operationalised

The 100-bedded state-of-the-art hospital shall provide critical care support to COVID patients, aiding state government’s efforts

Escorts Ltd. announces Covid-relief measures for its customers

In order to support the farming community amidst the second wave of Covid-19, Escorts Limited, India’s leading engineering conglomerate, announced Covid-19 relief measures for its customers across India which include Covid support to cover expenses in case of hospitalisation and home treatment expenses.

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.

Volvo & BBMP set up a 100-bed Covid care centre in Bengaluru

The facility will commence operations in two phases. The phase I (comprising 40 beds) fully sponsored by Volvo Group and supported by another Swedish major IKEA India, was inaugurated recently, by the Honourable Chief Minister BS Yediyurappa

HIL announces Q4 and FY 2020-21 results

Consolidated EBITDA stood at Rs.114.8 crore despite strains faced due to second wave of COVID-19 in the domestic as well as the overseas market

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.

CNH Industrial (India) continues proactive measures to combat Covid-19 related matters

A task force has been set up to help employees and their families

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.

7500+ people vaccinated by Vedanta at its plants in Odisha and Chhattisgarh

edanta Aluminium & Power Business, India’s largest producer of aluminium and value-added aluminium products, has accelerated the COVID vaccination initiative and vaccinated over 7500 of its people across its plants.

AM/NS sets up 1000-bed COVID hospital in Hazira

This dedicated 250-bed COVID care hospital near the AM/NS India Hazira manufacturing plant will admit only patients who need oxygen. AM/NS India will ensure speedy transfer of patients via ambulances to nearby hospitals in case they require more intensive medical intervention.

CW Maharashtra mega virtual conference focuses on opportunities

Platform at unprecedented scale to attract the biggest names

Successful Year for DICV

Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler AG, experienced a successful year 2015 as domestic sales increased by 37 per cent to 14,000 units on the strength of the BharatBenz brand?s powerful product lineup.

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