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Grading the Future

As the demand for advanced road networks and improved connectivity continues to surge, the clamor for motor graders in the construction industry is reaching unprecedented heights.

We anticipate a peak in market volume in 2023-24

Dimitrov Krishnan, Managing Director, Volvo CE India

In the next three to five years, we plan to double our business

Sanjay Prasad, Managing Director, Liebherr India

India has been investing significantly in infrastructure development, including the construction of roads, highways, and expressways. This investment has driven the demand for road construction equipment.

Fuelling Innovation

Lubricants are essential to keeping engines and industrial machinery in optimal condition.

Record earnings for Volvo Construction Equipment in Q2 2023

Volvo Construction Equipment (Volvo CE) proves it is performing today while transforming for tomorrow with record earnings for the second quarter 2023, alongside its continued investment into sustainable change.

Modern Demolition

Increased efficiency, increased safety and reduced need for skilled labour are among the many factors that drive the development of autonomous construction equipment.

Powering up the Earth

The need for earthmoving equipment is expected to increase due to the nation's fast urbanisation and infrastructure development requirements

Creating Compact Foundations

The upward trend of mechanisation in the construction and road-building industries is expected to drive the compaction equipment market in India.

Efficiency Drives Transmission Developments

The transmission system plays a vital role in equipment as the gearbox determines the performance and robustness of the equipment.

Schwing Stetter India will be launching 14 new products

VG Sakthikumar, Managing Director, Schwing Stetter India, speaks on the market for their products in India.

Building a strong foundation

As India’s infrastructure modernisation drive gathers steam, there is a concomitant rise in demand for foundation equipment across the spectrum.

Country Roads Take Me Home

The slowdown in the road construction activity has been a drag for the construction equipment sector.

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

The Association of Indian Forging Industry (AIFI) has witnessed a challenging time in the first half of 2022 as a result of increased input costs, particularly steel, aluminum, and nickel prices.

Optimising efficiency

Choosing the right lubricant is essential in helping to improve reliability, boost productivity and reduce the frequency of breakdowns.

Components industry to witness 60% decline due to EVs: AIFI President

AIFI has expressed concerns to the government over high steel, aluminum, and nickel prices, as the increase in steel prices has damaged the Indian forging industry

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

• The increase in steel, aluminium, and nickel prices have hammered the industry in India

Crushing Need: Energy-Efficiency

Environmental and energy-cost issues make it vital for the crusher and screening equipment industry to focus on energy-efficient machines.

Opportunities for 45t class excavators are immense

Rahul Shorey National Head – Construction, Tata Hitachi Construction Machinery Company.

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.

Indian auto component industry likely to grow 8-10% in FY23

According to rating agency Icra, the Indian auto component industry might have 8% to 10% growth in Financial Year (FY) 2023, due to the easing of supply-chain issues along with commodity inflation in the next half of the year.

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.

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.

Towering up

Crawler cranes are expected to see a surge in demand with the spurt in infrastructure development projects.

Budget 2022: Increased capex outlay for infrastructure development to drive demand for CE

The industry also welcomed the government’s efforts to mitigate the financial challenges of the MSME sector.

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.

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.

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.

An evening to cherish

The 9th Equipment India Awards 2021 recognised the top performers of Indian construction equipment industry. In a colourful ceremony held at Four Seasons in Mumbai, the winners received the awards for their achievements in the respective segments.

Keeping up with industry trends

Despite slowdown in the automotive industry, all the leading manufacturers of tippers and trucks have transitioned to BS-VI emission standards.

Reducing friction

The global industrial lubricants market size is projected to reach $ 73.3 billion by 2024, from $ 62.8 billion in 2019, at a CAGR of 3.1 per cent.

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.

Fully loaded with opportunities

For a construction site to function without a loader may be impossible. Add to this the fact that the awareness to use the right tool for the right job is growing. The future of loaders looks bright despite the recent slowdown. The influx of new technology is ensuring that they are ever versatile and profitable to operate.

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.

Mobile cranes with latest tech would be in good demand

The scenario in India is encouraging due to two reasons – first, the paradigm shift towards buying new cranes from importing used cranes; second, the increase in use of heavy duty mobile crane in construction, cement, steel, wind and power sectors.

Tata Motors launches ‘16 saal bemisaal’ campaign

Commemorating 16 strong years of the Tata Ace, the most popular small commercial vehicle (SCV) of the country, Tata Motors, India’s largest commercial vehicle manufacturer, has announced the launch of the new ‘16 saal bemisaal’ campaign.

The demand for off highway tyres is at an all time high

Rajiv Poddar, Jt. MD, BKT Tires

Tata Motors launches ‘16 saal bemisaal’ campaign

To celebrate this feat, Tata Motors has organised roadshows, wherein Tata Aces will travel across 10 states in the country. Patrons will also be able to test drive the vehicle to gain a first-hand experience of its comfort and drivability.

How digitisation can help create robust ecosystem in sea freight management

The shipping and logistic sector worldwide is viewed as a backbone for global trade and commerce which enables industries to deliver the goods and services to the end consumers by facilitating mobility throughout the supply chain.

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%.

Towering over

Tower cranes are expected to a see a surge in demand with the spurt in infrastructure development projects.

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.

Liebherr achieves over Euro 10 bn in annual turnover

Despite the modest slowdown of the global economy, Liebherr registered a strong volume of orders in the first quarter of 2020. Starting at the end of the first quarter, the coronavirus pandemic began to affect business activities in many markets.

Liebherr achieves over Euro 10 bn in annual turnover

In 2020, the Liebherr Group achieved a turnover of Euro 10,341 million. Compared to the previous year, the company posted a decline of Euro 1,409 million, or 12%.

The D-factor

Where the demand will be coming from for the construction equipment industry?

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.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

Focus on infra to revive economic growth

The government’s focus on building infrastructure will create jobs and revive economic growth

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.

Testing & Interesting Times

After the most unusual year that we experienced in our lifetime, the calendar year unfolding is expected to be challenging but promising for the Indian construction equipment industry.

OTR tyres on the move

With construction activities picking up and mining activities on a revival mode, the OTR tyre demand in the country is expected to grow in the coming years.

The M&HCV tipper trucks segment continues to look positive

RT Wasan, Vice President, Product Line, M&HCV, Tata Motors, elaborates on the company strategy in the Covid-impacted market scenario.

Growth factors of Indian warehousing and logistics sector

Aditya Vazirani, CEO of Robinsons Global Logistics Solutions, elaborates on the factors that will drive the growth of Indian warehousing and logistics in 2021.

ICRA predicts construction equipment volume growth in CY2021

Central Government projects in roads and rural development will drive demand

Industrial Cranes: Looking for a Turnaround

Industrial crane market is back to pre-pandemic levels thanks to pent-up demand. An analysis of where the opportunities lie.

EQUIPMENT INDIA Awards 2020

At the 8th Annual Equipment India Awards 2020, hosted virtually, the top performers of Indian construction equipment industry were felicitated for their achievements in the challenging times.

ICF 2020: A Virtual Construction Extravaganza

Just when the 2020 financial year was coming to a close, it was hit by the COVID-19 pandemic. While the industry was already battling issues such as a liquidity crunch, rising bad loans, slowdown in capex, project delays and insolvencies, among others, the last quarter witnessed growth in the negative territory for most businesses. However, despite obstacles and uncertainties being at their peak, a few entities managed to persevere and prevail, posting growth and exhibiting excellence.

We anticipate a quick recovery from the bottom

In a projects ElectroMech has a stated strategy of Cranes & Beyond. Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems (India), elaborates more on the company’s activities and the market trends in post-pandemic scenario., the ongoing projects simply cannot be stopped and these need to be completed and taken to their logical conclusion. Hence, when it comes to crane orders for big projects under execution, the orders are still being finalised in the industry. The pandemic had put a pause on the entire activity in the market for a few months. However, the market has almost got back to the pre-pandemic days and business seems to be back to normal.

Next year will be the best for construction industry

Speaking exclusively with EQUIPMENT INDIA after winning the coveted Equipment India Person of the Year 2020 award, VG Sakthikumar, Managing Director, Schwing Stetter India, shares his thoughts on the company’s success, future plans and the market outlook.

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.

Seeking Light at, the End of the Tunnel!

Prime Minister Narendra Modi is all set to inaugurate the world’s longest railway tunnel above 10,000 feet height on October 3. The Atal Tunnel is being completed at the most difficult time of coronavirus pandemic.

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.

Filters in New Normal, New Norms

Construction and mining machinery operate in extreme conditions of weather, terrain and environment. They need to withstand these odd conditions and perform the task with minimum downtime.

Tower Cranes in Tough Times

: The slowdown in real estate market has impacted the growth prospects of tower cranes this year. However, going ahead, demands from industrial infrastructure segment can drive the growth. Karan Chechi writes on the trend.

Pre-owned Equipment Market to Excel

The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.

Used Equipment Market to Flourish

Auto component industry turnover down by 11.7 per cent in FY 2019-20

The turnover of the automotive component industry stood at Rs 3.49 lakh crore ($49.2 billion) for the period April 2019 to March 2020, registering a de-growth of 11.7 per cent over the previous year

Safeguarding the industry

The construction equipment industry is going through a never-seen before sales scenario as the volume witnessed a steep fall of 70 per cent in April-June 2020 quarter, as per the findings of the CRISIL Research.

Wheel Loaders: Loaded with Opportunities

Wheel loader market in India is looking at the emerging opportunities after the fresh momentum that is going to prevail in the market post-COVID pandemic after the government’s pro infrastructure policy initiatives.

We are leveraging digital technology in our products and services: Jasmeet Singh

JCB has pioneered the integration of digital technology in its ‘Intelli’ series of construction equipment. Jasmeet Singh, AVP, Corporate Communications & Corporate Relations, JCB India, shares more.

Can Mobile Cranes Lift the Mood?

Mobile cranes in India have transformed into safer and productive with changing design and new features to meet the upcoming demands from the user market. In the current scenario, can these developments in mobile cranes lift the market sentiments?

German Machinery Exports to India

VDMA India conducted the VDMA Business Climate Survey to analyse the impact of COVID-19 on the German Mechanical Engineering industry in India.

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

Financing Challenges

Devendra Kumar Vyas elaborates on the impact of COVID-19 pandemic on infrastructure and financing sector and the challenges faced by NBFCs.

We have a huge focus on Indian market

With three full-fledged warehouses in Bhiwandi, Bengaluru and Gurgaon, Jungheinrich is expanding its reach across the regions in the country. Manojit Acharya, Managing Director, Jungheinrich Lift Truck India, shares more on the market scenario and the company’s plans for the Indian market.

Handling It Safe

In spite of the current slowdown in the material handling equipment market due to the COVID-19 pandemic, the market is expected to bounce back soon with new practices of safer handling in warehousing operations.

Challenging Terrain

The hydraulic excavator market in India has been impacted by the slowdown after the onset of COVID-19 pandemic.

CE industry to de-grow in 2020

In the aftermath of the Covid-19 pandemic, the overall sales of construction equipment in the country in CY2020 are expected to diminish by 15-20 per cent.

CE industry to de-grow in 2020

In the aftermath of the Covid-19 pandemic, the overall sales of construction equipment in the country in CY2020 are expected to diminish by 15-20 per cent.

Nip can change the narrative

The COVID-19 has caused a staggering unemployment of 115.

We will continue to innovate and expand: Ramesh Palagiri

Ramesh Palagiri, Managing Director & CEO, Wirtgen India, speaks on the market opportunities

Budget cuts by states to adversely affect construction contractors: ICRA

The overall capex budgeted by states for FY2021 is likely to witness steep cut.

Covid-19 Challenges Revival

The lockdown in the country has entered its third stage on May 4, 2020 in view of the deadly coronavirus pandemic continuing its grip on the country even after the six-week lockdown in two stages.

Building confidence

The coronavirus pandemic has created an unprecedented situation in the construction sector. Once back on track after the lockdown, government will have to take some concrete steps to support the industry and economy.

AJAX is all set to bounce back with resilience

To set the ball rolling, AJAX has become more resilient, adaptive and competitive like ever in this complex and uncertain period of pandemic with resilience and resourcefulness, says Debasis Bhattacharya, Head - Marketing, Sales & Product Support, AJAX Engineering.

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