Volvo Construction Equipment has appointed Dimitrov Krishnan as Vice President, Sales & Marketing, Volvo CE, India, as of 15 October 2014. He takes on the reins from AM Muralidharan who moves to Singapore to assume the role of Vice President
Volvo Construction Equipment has appointed Dimitrov Krishnan as Vice President, Sales & Marketing, Volvo CE, India, as of October 15, 2014. He takes on the reins from AM Muralidharan who moves to Singapore to assume the role of Vice President and Head of Commercial Management and Dealer Development for Volvo CE in Region Asia Pacific.
The recent Budget has brought back smiles to many stakeholders of various verticals; however, the key seems to be implementation on the ground level. On a positive note, VG Sakthikumar, Wholetime Director - Operations, Schwing Stetter India, says, ?Definitely there is a positive movement.
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,
Time-bound projects need reliable machines, and all equipment manufacturers are trying to innovate and adapt to the latest trends and are in the continuous process of improving productivity of the machine. Agith G Antony finds out product and technology trends in the motor grader segment.
Cost efficiency is not only achieved through cleaner engines, but also through optimising the man-machine interface with a variety of machine control technologies, 'correcting' the usage patterns, and packaging solutions that take care of clients' business needs around project costs.
Within the Indian construction equipment industry, the crawler excavator segment is the largest by value and the second largest, after backhoe loaders, in terms of number of units sold. Now, the shrinking market and intense competition have forced OEMs to focus more on value additions. Concepts like low lifecycle cost, faster ROIs, lowest cost per tonne all have made it imperative for OEMs to innovate, both on the product design and service fronts. Agith G Antony takes a peek at the prevailing t
For many decades now, we have been proving in the market that all our products offer the lowest cost of operation. We have been able to do this for customers who operate our machines on a continuous basis, even up to over 20 hours, mostly in the mining and quarrying segments, says AM Muralidharan, President, Volvo CE India. Excerpts from the interview.
In spite of the unfavourable market dynamics, most of the OEMs have adopted innovative strategies to sustain themselves while keeping an eye on the coming boom. Innovative strategies are developed to retain existing customers
Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.
At Excon 2013, the seventh edition of South Asia?s largest vent for the construction equipment sector, Volvo Construction Equipment (Volvo CE) talked of its optimism in India?s construction equipment market for the medium-long-term period, and reiterated its commitment to help grow the Indian market through ecosystem collaboration. Vincent Tan, President, Volvo Construction Equipment, Region Asia said, -?India remains one of the high potential markets for construction equipment in the medium to
As per Off-Highway Research, crawler excavators will be the fastest growing product of the near future, and its demand should grow to over 30,000 units in the next four to five years.Excon 2013 bears testimony to the fact that OEMs are gearing up for the anticipated demand for excavators. Some of the leading players either launched new models or showcased upgraded versions. Volvo CE launched two productive and powerful models in the D Series - EC220D and EC300D; JCB showcased its completely
The construction equipment industry is experiencing a slump due to the slowdown in the mining industry as well as delays in infrastructure projects and governmental clearances, shortage of funds, environmental concerns. EQUIPMENT INDIA interacts with some of the major players to get the pulse of the industry.
Volvo CE has announced the launch of its new dealership in Rajasthan. The dealership will offer the entire range of Volvo CE - excavators, wheel loaders, motor graders and road machinery.
The Indian market is slowly but steadily moving towards the usage of specialised equipment and attachments. This follows the global trend where specialised equipment is utilised for specialised jobs on tighter project execution timelines.
More than 28,000 visitors, over 710 exhibitors, out of which 61 per cent of the exhibitors were international, which is a strong indication of the global interest for the Indian market.
Earthmoving equipment currently constitutes nearly 73 per cent of total construction equipment sales, and happily, this structure of sales is expected to continue. The cumulative sales of backhoe loaders, crawler excavators and wheeled loaders have been growing at a CAGR of over 20 per cent for the last ten years.
Owing to the overall slowdown in the Indian economy, the current fiscal year has been bit sluggish for the construction equipment industry. The industry will gain momentum if the government starts implementing the delayed projects and carries out active review and monitoring to ensure timely completion.
As a market leader, Volvo CE will continue to invest in new technologies backed by innovation. The mantra behind our success is our innovative way of thinking, active investment in R&D and our close relationships with our growing family of customers and employees, says AM Muralidharan, President, Volvo CE, India. Excerpts from the interview.
Even though the road sector in India continues to face multiple challenges, a strong pipeline of projects supports long term prospects. Around $180 billion investment is earmarked for the road sector, which is the highest ever investment for any Five Year Plan, and this should have a very positive impact on the construction equipment industry. The prime factor favouring the growth of the road equipment industry is the sheer scale of work still to be done in this sector.
Mining and quarrying activities have contributed significantly to growth, primarily in the sales of large-sized equipment over the last few years. Equipment India finds out the details from some of the major players in the segment.