Budget 2024: Key highlights

Key highlights of Interim Budget 2024

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.

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.

Arvind K. Garg is EI Person of the Year 2021

Garg was awarded at the 9th Equipment India Awards.

The Festival is back, Are Festivities back?

The current slowdown is giving a drubbing to the Indian construction equipment (CE) market with the equipment sales diving drastically in the past few months in contrast to what the industry had anticipated during the start of the year.

MHE holds enormous growth potential

Despite the relative slowdown in demand in the current fiscal, the market for material handling equipment (MHE) will continue to expand in double digits over the next few years.

Setting New Benchmark

Growth in warehousing and logistics sector is picking up with the introduction of GST and infrastructure status to logistics. In this scenario, the warehousing and material handling equipment players are gearing up to meet the emerging demand for advanced equipment.

Rentals Imperative for Growth

Satin Sachdeva, Founder and Secretary General, Construction Equipment Rental Association (CERA) elaborates on the importance of rental market in the growth of construction equipment industry.

CHALLENGES and NEW Opportunities

The construction equipment rental market in India is still small as compared to the other equipment markets worldwide. Satin Sachdeva sheds light on the realities of the rental market in India and the steps needed for the development of the market.

Aggregate Boom,Policy Gloom

Crushers and screens market is poised for a demand boom with the focus slowly shifting towards higher capacity machines to meet the growing demand for aggregates.

New Growth Avenues

Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.

EQUIPMENT INDIA Awards & CEO Forum 2018

After the bitterly cold days and nights of the famed Delhi winter, spring is said to augur good tidings. Or so it is believed. Maybe, it was in continuation of this tradition that the city successfully held yet another edition of the Equipment India Awards.

On a Brighter Note

The government's increased focus on port infrastructure and through budget and Sagar Mala programme has opened new growth avenues for port equipment industry and is looking forward to a brighter future in India.

Crushers & Screens| High on Demand

With infrastructure and construction sector on fast-track, especially road sector, aggregate processing has become essential to support the construction activities with a matching pace.

A Smooth Rollout?

Emerging markets with infrastructure needs continue to accelerate the growth of construction equipment manufacturing, which in-turn drives the bearing market in construction segment.

Equipment India awards & ceo forum 2017

It was 6.15 p.m. with 15 minutes more to go for the mega event of the infrastructure equipment industry. Meanwhile, the Viceroy Hall at the heritage Claridges Hotel located in New Delhi's famed Lutyen's Zone was already filled to capacity.

The new norms

Lok Sabha has passed the GST Bill, clearing the deck for its smooth rollout from this July. Termed as independent India?s biggest reform initiative, the GST Bill is expected to bring together the entire nation on a single platform of taxation.

Budget Reactions | Knight Frank India

This has been one of the path-breaking budgets with far reaching changes especially for the real estate sector. It is positive that the real estate sector has come in the central spectrum of the Union Budget. This has come at a time when the beleaguered sector has been looking at measures to boost the sentiments. The real estate sector which was the hardest hit by demonetisation move will be one of the major beneficiaries of this budget.

Rajya Sabha passes GST Bill

Stepping closer to the concept of ?one nation, one tax?, Rajya Sabha passed the Goods & Services Tax (GST) Bill. The constitutional amendment will enable both the Centre and the states to simultaneously levy the GST, which will include all indirect taxes currently levied, including excise duties and service tax.

The GST Blockade

The Narendra Modi government?s several attempts to get the most sought-after tax reform are being thwarted by the Congress majority in the Rajya Sabha, under one guise or the other.

Material Handling: Meteoric Rise

Modern warehousing and inter modal logistics industry initiatives in India, have redefined how business is conducted in the country in most industry sectors as well as its geographic regions.

We need policy for smooth movement of cranes across state borders

In India it is becoming a trend to opt for newer cranes because the selection parameters are stringent and green initiative consciousness with multi nationals

On Course for Success

Road construction is driving the Indian compactors market. This is expected to continue. ?Most of the current demand for both soil and tandem compactors is for road projects,? says Ramesh Palagiri, Managing Director & CEO, Wirtgen India.

Exceeding Expectations

According to a report released by ICEMA, the current market size of the construction equipment including backhoe loader, concrete mixers excavator is around $2.8 billion. Further, the Indian construction equipment industry

We will be showcasing our own branded rock breaker and trenching bucket

Last few years have been tough on the construction equipment (CE) industry in general. The total industry volume has gone down across segments and has strained many organisations in this space.

backhoe loaders:flat Growth

Backhoe loaders are passing through a challenging time for the past few years. Market is registering a flat growth with some indications that it is shrinking.However, now there is optimism among the leading players in the backhoe industry

High Expectations

With growing safety awareness, the Aerial Work Platforms (AWPs), one of the best solutions to keep people safe, while working at heights, is poised for exponential growth in the near future.

The market situation depends on the market reach

Even though the demand-supply is not in balance and rental rates have dipped, I am hopeful that market will open up and new cranes will be more in demand as against old cranes, says Hitesh Obhan, Proprietor, Ishardas & Sons.

Is the money flowing again?

Tricky times call for strong strategies but the long term prospects are bright for financiers with staying capacity, finds Charu Bahri. Demand for construction equipment finance has been down for the last few years.

Accessing Heights, Safely

As the access equipment industry matures in India and users become more aware on the advantages of using such equipment over conventional practices of working at heights, the rental sector in India is poised for a very bright and promising future.

Used equipment without safety standards is a challenge

There is a lot of positivity in the industry though things have not picked up to the extent that we hoped for; what we expected to happen in three months may happen in six months time. We feel that the industry is going to be 10-15 per cent better after six months; and from next year, things will start falling in place.

Diggers to get busier

The numbers published by ICEMA clearly shows that there is a slight uptake on the larger equipment like excavators and wheel loaders. In the smaller equipment like mini excavators, backhoe loaders etc have still to pick up the trend. Elaborating the prevailing scenario and the growth drivers.

Dedicated infra financing vehicles are need of the hour

Eight months in office, the Central Government has done well to improve the business sentiment. Several measures aimed at easing the way of doing business have been taken. Things have started looking up for the infrastructure sector too.

Our machines are not only made in India, but also made for India

Logistics and taxation challenges are the biggest bottlenecks. Absence of GST regime is actually hurting the prospects of business growth and economic activity expansion, says Vijay Sharma, Executive Director, Terex Equipment.

Multiple taxation regime across states to be streamlined

The Central Government can support in overcoming some of the challenges by speedy implementation of a unified GST, greater investment outlay towards infrastructure development, especially in the off-highway sector, and more thrust in skill development through industry-ready educational programmes/vocational courses, says Abhijit Gupta, Managing Director, Case Construction Equipment India.

Make in India

Prime Minister Narendra Modi has launched an ambitious campaign ?Make in India?, which aims to turn the country into a global manufacturing hub. The campaign projects India as an investment destination and develop, promote and market India as a leading manufacturing destination and as a hub for design and information.

Forging Ahead

The Indian forging industry is poised to grow and see major investments for capacity expansion in the coming years. The Prime Minister?s ?Make in India? vision will be added fillip to the industry?s plans to diversify its focus into non-automotive and industrial segments apart from automotive sector.

2015 - The year of recovery?

Off-Highway Research has predicted that the number of units sold will double to 89,030 by 2018 from the current year?s 46,755 units. As per the analysis, the real trigger of growth becomes available in 2017-18 when there is a dramatic surge

Manufacturing industry boom to propel MHE market

Coming year, we are going to launch a couple of products in electric segment including a premium electric forklift, and a more efficient version of our stacker and battery-operated pallet truck. We are also planning to launch a new model of IC forklift, says MRV Johnson, Chief Marketing Officer, KION India.

Manufacturing industry boom to propel MHE market

Coming year, we are going to launch a couple of products in electric segment including a premium electric forklift, and a more efficient version of our stacker and battery-operated pallet truck. We are also planning to launch a new model of IC

DesignED to Rule

Emerging Trends

Introduction of GST, more focus on palletisation, and expected opening up of retail segment are expected to boost the demand for forklifts.

Up & Moving

Execution is the Driving Mantra

The Union Budget 2014-15 is probably one of those Budgets post-independence, which has been analysed in an environment of high expectation, sub five per cent growth, double digit inflation and extensive knowledge communication through media

8,500 km by March 2015: How Realistic is the Target?

The Union Finance Minister has set a target of 8,500 km of roads to be completed during the current fiscal year, which simply means construction of about 35.5 km of road per day! In the last couple of years,

Filtration expert

A Physics Honours Graduate, Kanwal Deep Sahni, Joint Managing Director, Elofic Industries, has studied the international filter market closely, having over 35 years of experience in commercial operations and the marketing of filters, both in India and abroad. He has an in-depth understanding of the mechanics of filtration. Sahni has evolved and experimented with modern marketing strategies and methods with a thorough understanding of the filter market in India as well as abroad. He has participa

ICE financiers and OEMs need to work together in intensifying the dialogue with the government

The growth of the infrastructure and construction equipment (ICE) industry in India is still at a nascent stage. The industry is currently at about $4 billion with volumes in the vicinity of 80,000 units per annum in the organised market.

Tata Motors will continue to develop new products and upgrade its existing ones.

At Tata Motors, we strive to enhance our customers? experience, offering the unmatched benefit of a Tata truck, with best lifecycle cost, longer service runs and enhanced levels of driver comfort, resulting in best-in-class profitability and lowest payback period for operators, says Vinod Sahay, Head (Sales and Marketing), Medium and Heavy Commercial Vehicles, Tata Motors. Excerpts of the interview.

CASE showcases new machines

CASE Construction Equipment India displayed its recently launched EX` Series backhoe loaders and 1107 DX compactor at the 74th session of Indian Road Congress (IRC). The event provides a national forum for sharing of knowledge and pooling of experience on the construction and maintenance of roads and bridges, including technology, equipment, research, planning, finance, taxation, organisation and related policy issues. This year's edition was held in Guwahati from 18 to 22 January 2014.

We are one of the first major players in India to get into cold forging.

We were the first company in India to successfully develop a fracture split connecting rod and this was a major breakthrough at that time. Our engineering capability is what differentiates us from others because of which we can produce very high quality and high precision products for the customers, says Viraj G Kalyani, Executive Vice President, Kalyani Forge. Excerpts from the interview.

We are widening our product range to become a one-stop solution for customers

Our products are designed and manufactured in such a way that they consume less energy, produce more with better quality, guarantee a substantially longer life of wear parts and require minimum maintenance,

India's rank improves in Fraser mining survey

According to a survey of the world's leading nations in mining sector conducted by a Canadian-based free-market think-tank Fraser Institute, India was ranked 81st from 89th spot last year. China's ranking declined to 72nd out of 96 in 2012-13 from 58th out of 93 the prior year. The survey measures the overall policy attra

Driving innovation

The Fifth Annual Equipment India Conference 2013 focussed on innovative equipment and solutions and how OEMs are becoming more innovative due to changing user pattern of machines.

Quippo has invested much in people and resources

The rental industry in India can only survive if it starts providing a basket of services like dry rentals, wet rentals, rentals of construction machineries, mining machineries, rentals in industrial undertakings, industrial products and finally,

Universal has been successful because of strong R&D.

A widespread network, customer satisfaction, innovative solutions, state-of-the-art infrastructure, and str?ong R&D; these five elements defining excellence epitomises Universal, says Ranjit More, Executive Vice Chairman, Universal Construction Machinery and Equipment.Excerpts from the interview.

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.

We are virtually the best in fuel average and productivity in the 20T excavator segment.”

We are looking forward to a lot of regulatory reforms. For new projects, the approach towards environment clearances needs to be more pragmatic, GOI has to ensure that no retrospective taxation happens, GST needs to be introduced even if some states do not play ball initially. Such actions will get the CE industry going, says Vikram Sharma, Chief Executive Officer, Kobelco India. 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

A multitasked approach

Hemendra C Shah, Vice President (Commercial) and CFO, Elecon Engineering Co Ltd, has a vast experience of 30 years in Finance, Cost & Management Accounting, Banking, Taxation Secretarial, Legal, Insurance and other related matters.

We plan to assemble units here with a further shift to locally manufactured ones

Technology-wise, motor grader manufacturers have a lot to offer based on the local demand, application of work and finally, the skills set available in the market for operating and maintenance of the machine,

On a momentous growth

The government?s commitment to complete 7,300 km of roads in 2012-13 basically translates to a demand for approximately 39 crore tonne of aggregate. And if we calculate using the example of a 200-tph plant which produces approximately 600,000 tonne per annum,

We provide skilled operators for site operations

We have incorporated many USPs in our plants to make it safer, energy-saving and eco-friendly, says Sunny Singh, Director, Singh Cons?tru?ction. Excerpts from the interview with Equipment India.

Raising the Benchmark of Quality

With over 220,000 sq m of display area and participation of over 630 exhibitors, including 200 foreign companies, Excon 2011 exceeded expectations as the largest exhibition on construction equipment in South Asia.

Lack of a regulatory body for safety norms is a concern

The industry is definitely getting more customer oriented, states Tushar Mehendale, Managing Director, ElectroMech. In an exclusive interview with Equipment India Mehendale spills the details about changing customer preferences and the challenges the industry faces.

Equipment Rental: Rentals Moving Up

Out of $ 2.3 billion construction equipment sold in India, just seven per cent is sold to rental companies, which is low compared to the global average of 50 per cent; in China, it is approximately 35 per cent, in USA 65 per cent and in Japan, it is 80 per cent.

Material Handling Equipment: Voltas is the pioneer of forklifts in the Indian market

There are many trends in forklifts and MHE which are prevalent in the industry. The main trend is to make the machines more environment- friendly and green, says Milind Shahane, VP-Marketing, Voltas, while sharing his views on the industry scenario.

The growth in coming quarters is very much dependent on inflation

Strong customer demand, rise of out?sou?rcing, entry of high cost sophistic?ated equipment and expected chang?es in legal, regulatory and tax framework would be the key enabler of a rise of leasing market in India.

A complex growth pattern

Till date, leasing has not been not more than one per cent of the total equipment finance market. However, with the clarity coming about taxation related to leasing and a direct tax code coming up, there is a huge opportunity of revival of this product in the coming years.

Topline jump

It's a clear growth pattern. The consolidated financial results for the last fiscal (April 10-March 11) announced by many of the major OEMs shows a definite growth trajectory especially in the lifting and earthmoving and the concrete equipment segments.