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.

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.

Vedanta rolls out lucrative scheme for MSMEs under ‘Saathi’ programme

Vedanta, India’s leading producer of metals and oil and gas, has rolled out an attractive promotional scheme for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry in celebration of the World MSME Week.

The recent MHE market demand is on the uptrend”

Pre-Covid Indian MHE market has shown double digit CAGR since 2014. In-spite of Covid-19 pandemic and business being at standstill for almost four months in 2020, we saw a fast-paced recovery since August 2020, and witnessed the highest ever MHE market in March 2021 and in Q1 2021 which was fuelled by growth in economic activities.

There are huge untapped opportunities in the crushers & screens market

V Senthilkumar, Managing Director, Propel Industries

We expect the market for hydraulic excavators to grow by 20%

The excavator market peaked in FY2018-19 following three years of sustained growth led by increased government focus and investment in the infrastructure sector.

Rising Tide

Financial year (FY) 2020-2021 was a year of transition for the auto components industry.

Eaton introduces internationally-acclaimed EnergyAware UPS in India

Eaton, a global power management company, launched an industry-first data center solution – EnergyAware UPS using UPS-as-a-reserve (UPSaaR) in India.

Focus on infra to revive economic growth

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

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.

Eaton introduces internationally acclaimed EnergyAware UPS in India

The solution will enable data centers to contribute to renewable energy and also earn from their UPS investments.

Budget focuses on infra to revive economic growth

Finance Minister Nirmala Sitharaman proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP)

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.

MCE market to witness volume growth in CY2021

Roads and highway projects and rural development to drive growth.

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.

Informa Markets and KDCL unveil InfraConex

Informa Markets (formerly UBM India), India’s leading B2B exhibition organiser, and K and D Communication (KDCL) in a joint venture, unveiled a brand new exhibition ‘InfraConex’ that will cater to the Indian construction equipment sector.

Demand in 2021 will be better than this year

Timken has been manufacturing in India for the last 30 years. Sanjay Koul, Managing Director, Timken India, explains the current market scenario and the company’s products and solutions for the CE market.

Unlocking opportunities

Though the ongoing COVID-19 pandemic has put a brake on the growth of the bearings industry, the market is expected to bounce back and continue to grow from next year onwards.

Telehandler technology has evolved over the years

Over the years, people have started understanding the versatility of telehandlers and therefore the demand has grown across sectors. Souma Ray, Director, Haulotte India, shares more on the market opportunities for telehandlers.

Budget cuts by states to adversely affect construction contractors: ICRA

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

Stepping up Skill Development

The Infrastructure Equipment Skill Council is partnering with the key stakeholders in the construction equipment industry and state governments to strengthen the skill development initiatives in the construction equipment sector.

Budget 2020: Key takeaways for infrastructure

Tax concessions extended to sovereign and pension funds will go a long way in attracting long term financing solutions for infrastructure sector, says Sandeep Upadhyay, Managing Director ? Infrastructure, Centrum Capital.

17th CONSTRUCTION WORLD Global Awards 2019

With 50 winners from India and across the globe, and over 300 attendees, industry stalwarts came together to celebrate victory.

Mining Gains

The recent policy initiatives by the Central Government are expected to boost the mining activities in the country, providing new opportunities to private and global miners, and equipment and technology providers.

India Construction Festival - 2019

The festival, organised by FIRST Construction Council in New Delhi from October 15-16, successfully brought together the public and private sector to discuss probable resolutions to impediments faced by the infrastructure sector.

Banking on Coal Mining

While coal mining and quarrying will drive the growth of mining equipment, other mining segments will see a relatively lower growth demand for mining equipment. Pavethra Ponniah, elaborates more on the market trend.

Cautiously Optimistic

The government's various initiatives on revival of infrastructure sector and favourable policies have driven the growth of Indian construction equipment market in the past 2-3 years.

Godrej Material Handling launches Godrej RenTRUST

Godrej Material Handling announced Godrej RenTRUST, their new equipment rental brand that will provide 360-degree solutions to customers encompassing manpower, machine, fuel and maintenance.

Godrej Material Handling launches Godrej RenTRUST

Godrej Material Handling announced Godrej RenTRUST, their new equipment rental brand that will provide 360-degree solutions to customers encompassing manpower, machine, fuel and maintenance.

End-to-end supply-chain solution

Gati helped an automotive customer to design a Unique Storage Solutions along with redesigning its material flow for a distribution warehouse which handles a variety of pallet types, SKUs and operation.

Transforming Skill Landscape

Shortage of skilled operators has been a major challenge faced by the infrastructure and construction industry for the past many years.

ICRA envisages stable outlook for construction sector

Rating agency ICRA estimates a stable outlook for the construction sector in India, supported with strong order inflow in the last couple of years and a huge pipeline of projects to be awarded in the infrastructure segment.


Balkrishna Industries (BKT) is the market leader with the augmenting sales and volume growth in the mining tyres segment. The segment shows robust growth potential, given the company's new product launches and network expansions through tie-ups with mining service providers.

Pioneering Growth

Traditionally known for aerospace, engineering and IT, Bengaluru is fast emerging as a construction equipment (CE) hub in India with major players expanding their base in the city.

CIL to buy equipment worth Rs 120 bn in 2-3 years

Coal India Ltd (CIL) is planning to procure mining equipment worth Rs 120-130 billion in the next 2-3 years to ramp up its coal production.

We plan to invest Close ?40 million in India

Schaeffler rolling bearings and plain bearings significantly contribute to the outstanding performance of a large variety of construction equipment worldwide. Harsha Kadam, Industrial President, Schaeffler India, shares more on the company's presence in India and future plans for the market.

Lifting up Expectations

Gone are the days of slowdown and stagnation for mobile cranes market. Many equipment were seen idle with projects not taking off as expected.

Infrastructure 2.0

Infrastructure development has always been on top of the agenda for our country. Every government has given due importance for the development of infrastructure facilities such as roads, railways, ports, airports, and industrial infrastructure of the country.

Budget Boost

Budget 2018-19 rang in on 1st February for the second consecutive year in history. The budgetary expenditure on infrastructure for 2018-19 is being enhanced by Rs 1 lakh crore to Rs 5.97 lakh crore against an estimated expenditure of Rs 4.94 lakh crore in 2017-18.

Essar Ports completes over Rs 28-bn capex

Essar Ports has completed its Rs 28 billion planned investment in its Vizag and Salaya terminals. The company plans further investments to increase its capacity to 150 million tonne per annum (MTPA) in the next two years time.

The big movers

Being the major equipment class in the infrastructure development activities, Earthmoving equipment sees further demand growth in future owing to an anticipated growth in construction activities.

We will organise a live demonstration area at our booth

Investment in infrastructure is nowadays the key for India's economic growth sustainability and a guideline behind many policy initiatives by the Government of India.

Think big

The latest bout of infrastructure booster to road construction push includes the Bharatmala Pariyojana with a Rs 5.35 trillion investment to construct 34,800 km of roads.

Mining Equipment Trends

The mining equipment industry (MEI) is heavily dependent on equipment demand from coal and iron ore mining, both being highly equipment intensive, with over 30 per cent.

Revival on Cards?

India is witnessing an improved growth trend in coal mining, as Coal India Ltd (CIL) is aiming an output of one billion tonne by 2020. CIL has earmarked a capital investment of Rs 57,000 crore, as part of the road map for one billion tonne target, with a planned capex of Rs 8,500 crore in 2017-18.

Warehousing Equipment Aiming New Heights

Driven by the growth of various industry segments such as FMCG, pharmaceuticals, food and beverages and e-tailing, logistics distribution hubs and clusters are mushrooming in all major parts of the country.

Coal India plans Rs 8,500-crore capex investment in 2017-18

Coal India Ltd (CIL) has planned to invest Rs 8,500 crore as capital expenditure in 2017-18 and has further planned to invest Rs 6,500 crore in various projects.

We are in tune with the value sensitivity of Indian customer

Our market is highly correlated to overall infrastructure development which is seeing considerable improvement in the overall ecosystem, from bidding procedures to financing, public sector fund allocations and so forth.

Excon 2017 to attract over 1,000 exhibitors

The 9th edition of Excon, India's premier and South Asia's largest construction equipment and construction technology trade fair, which will take place in Bengaluru during December 12-16, 2017, is expected to attract more than 1,000 exhibitors, including around 300 companies from abroad

Poor Assessment of Triggers

World Steel Association states that the global steel demand did increase by 0.2 per cent to 1,501 mt in 2016 after a contraction of -3 per cent in 2015. In 2017, it expects global steel demand to grow by 0.5 per cent and reach 1,510 mt.

We are committed to offer best-in-class equipment and services

As far as procurement of medium to big size mining equipment by key players in the mining industry is concerned, the trend is towards evaluation based on Total Cost of Ownership, Life Cycle Costing, bundling equipment with Full Maintenance Contracts and Guaranteed Parts Consumption contracts.

Equipment Selection | INFORMED DECISIONS

Modern construction and mining activities in India need to be expedited with utmost focus on the highest possible productivity, operational excellence, emission compliance, safety and best-of-class economy. Over the past decade, the market for such equipment has substantially matured resulting in the equipment selectors mooting innovative and prudent ideas while selecting the most suitable equipment fleets commensurate to their company objectives and philosophies.

This year we have our technology partner Astec as our co-exhibitor

The current construction equipment industry scenario is essentially a mix of domestic and global developments. On one hand, with the impending revival of the infrastructure sector, sales are expected to see an upward spurt.

Coal India to Rs 7,765 cr capex investment

Coal India Ltd will invest Rs 7,765 crore towards capital expenditure in the current fiscal to expand mining capacity to achieve the production growth target of 13 per cent year-on-year.

Liquidity Boost in Construction Significant for CE

Liquidity boost for construction sector will be the right trigger for equipment industry. Mahesh Singhi elaborates. The construction industry is crucial to the national GDP as it contributes 8 per cent and is the second largest earner of FDI

Witnessing Quantum Jump

In light of the various infrastructure development initiatives by our government and expansion plans declared by various related agencies, the Bulk Material Handling Equipment (BMHE) sector

Coal India for Rs 7,765 cr capex investment

Coal India Ltd will invest Rs 7,765 crore towards capital expenditure in the current fiscal to expand mining capacity to achieve the production growth target of 13 per cent year-on-year.

ECA is the major risk taker under the loan

KfW has three different arms under which international financings are being carried out. These are KfW Development Bank, DEG and KfW IPEX-Bank. The ECA business is wholly taken care of by KfW IPEX-Bank which stands for international projects and export financings.

Compact Road Equipment Market to Grow

Developmental work in the North-East and far-flung rural areas will drive a robust growth of road building equipment, with a twist - the market for smaller-sized equipment to suit applications and delivery logistics requirements will be the gainer.

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.

We provide complete solutions as per international standards at local prices within stipulated timeframes

In less than half a decade of operations in India, we have been able to establish ourselves as a well-known brand in crane rental and lifting industry.

Large Miners Forward

While the global mining industry is on the decline, India is witnessing a reverse trend. Many international mining equipment manufacturers are showcasing their products at BAUMA 2016, Germany, in a big way, at a time when Coal India

CE Hydraulic Cylinders - Bright Future Ahead

On ground demand of construction equipment (CE) spurs the requirement of hydraulic cylinders for various essential applications by the OEMs. EQUIPMENT INDIA zeroes in on this segment to develop granular market insights.

Positive on Indian Market

Since 2007, Herrenknecht has been represented in India with its wholly owned subsidiary Herrenknecht India in Chennai, Tamil Nadu. There are about 90 employees to support projects and customers quickly and competently.

Apollo Tyres to raise capex

Apollo Tyres board has given nod to raise funds of about Rs 2,000 crore towards

Uplifting Future

Advanced material handling and warehousing equipment have a vital role that can help speed up the efficiency of logistics industry. More focus on palletisation and the opening up of retail segment

TC Rental Climbing out of the Pit

Over the past two to three years, tower crane (TC) rental market has witnessed a nonstop down ward slump, most significantly driven by slowdown in realty sector. However, some market analysts and the rental players optimistically foresee a slight recovery mainly attributed to increased demand from commercial and industrial sectors, while others are highly pessimistic.

World of heavy lifts

Sarens has built up a formidable fleet of over 1,600 equipment comprising giant cranes, self propelled modular transport (SPMTs), jacking systems and other engineered solutions.

Positive Indicators

Indicators are hinting that the economic momentum is back in India. The Index of Industrial Production shows capital goods output rose 11 per cent in April and slow moving projects are reviving.

Walking the Talk

The promises of ?Acche Din?coupled with the the ?Big Bang? expectations from the FY16 Union Budget, are more to do with the government walking the talk and bringing in continuous reforms which positively impact the financial and economic landscape.

Our core values are interaction, innovation and commitment

In 2015, we have seen an inflow of volume business for rotary blast hole drills from state-owned enterprises involved with coal mining and we expect the trend to continue in April-June 2015 period as well.

Getting loan for new equipment and lead time are major challenges

We have over Rs 200 crore worth equipment for mining. We have trucks of Scania P380, Volvo FM400; excavators of Hitachi ZX650, Volvo 700, Komatsu PC 400, dozers and water tankers as per requirement of the sites.

Mining Growth

India is on track to overtake the US as the second-largest coal consumer after China this decade. India wants to more than double coal output to 1.5 billion tonne by 2020. The central government has already taken specific actions including e-auctions of coal blocks; 28 blocks are already allocated and more blocks to be e-auctioned soon.

BHL Market to Grow

It?s a fact that the backhoe market has been reduced to one-third of the actual market size, and currently, supply is more compared to demand, and the industry is not very hopeful for a turnaround, especially in this financial year.

Budget boost!

Infrastructure has received a booster shot of Rs 70,000 crore and another Rs 24,000 crore of increased outlays on roads and railways. This would take the existing spend on infrastructure for 2015-16 from Rs 2,10,000 to Rs 3,04,000 crore plus the funds created as an outcome of the seed money invested in National Investment & Infrastructure Fund which in turn will find its way into infrastructure funding companies like IRFC & NHB where they will evolve with a factor of ten.

We are working closely with institutions

For milling and recycling, we have a wider range of equipment. Wirtgen has been pioneer in this field, not only in technology but also in market share. Last year, we have introduced new sets of cold recyclers which are already operating in India.

We have started a new manufacturing facility in India

There has been some positive vibes in the CE sector overall. Has this started reflecting on the demand for washing equipment?Policy changes do take time to manifest themselves in the form of improved business conditions.

We are expanding our manufacturing base in India

All machines from Wirtgen Group are designed to ensure more productivity and less fuel consumption, says Ramesh Palagiri, Managing Director & CEO, Wirtgen India.

MAIT has developed a special piling rig for railway jobs

The project awarding agencies must come out with a mechanism to ensure that timely payment is made right upto the bottom of the supply chain, ie, to piling contractor as well as hirer.

Moving Ahead

The growth potential for earthmoving equipment in India has never been disputed. All sectors like power, roads, ports, etc. will drive demand. With increasing investment in the infrastructure sector, the earthmoving equipment industry foresees huge demand for CE in the coming years.

We will be launching the largest telehandler in 5T class at bC India.?

We consider next five years as very important growth period of access equipment business in India and we are preparing ourselves towards this goal, says Subhamoy Ghosh, President, Mtandt Group. Excerpts from the interview

Our efforts are to provide the best product and after-sales support.

In developed countries, there are legislations in place which ensure AWPs are used for working at heights. We strongly believe that such legislations should come in India too, says Souma Ray, Director, Haulotte India. Excerpts from the interview

Emerging Trends

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

We will be launching new models for domestic and global markets

We understand our customers application requirement, based on which we have set the benchmarks in the market, says AP Yogananda, Product Manager, Doosan Portable Power Division.

Budget bites

The Union Government recognising the need for revival of investment cycle had already extended the excise duty cut on capital goods for another six months in June 2014 itself.

At Terex, we are very bullish about India growth story

Vijay Sharma, Executive Director, Terex Equipment India: The huge quantum of the infrastructure to be developed over a period of time, tells no other story. Even for the metros to sustain for another 25 years, we need better infrastructure, better connectivity.

We have almost 50,000 customers in India

We are growing close to 30 per cent year-on-year, and we feel we will continue to do that in spite of the slowdown. For us, this is a niche market and also an untapped one,

Rental industry needs a united appeal to the government for rationalised tax structure

The $1 trillion investments outlined by the government in the 12th Five Year Plan, as well as credit limitations are expected to fuel the new equipment rental business.

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.

CIL confident to achieve Rs 9,000 cr capex target

Coal India (CIL) is confident of achieving this fiscal year's (2013-14) Rs 9,000 crore capital expenditure target. The government-owned company had missed its capex target of last fiscal. CIL has also informed the Union Finance Ministry that it would pay dividend of Rs 7,958 crore for the fiscal year 2013-14.

We offer batching plants with advanced computer controls

We offer a wide range of services like mapping of mechanisation needs, advice on equipment selection, financial assistance jointly with financial institutions, training to technicians and operators, annual maintenance contracts, buy back arrangement to replace with latest technology.

We believe in keeping ahead in all endeavours, including competition.

The competition is growing across the world. Even from India the other tyre companies are following BKT's activities very closely," says Arvind Poddar, Chairman & Managing Director, BKT. Excerpts from the interview.

Energy efficiency should be user-driven

Bucher Hydraulics is working glo?bally on three or four factors, to improve the safety, reliability, ene?rgy efficiency and overall lifecycle cost of the equipment. These are the main criteria in which direction Bucher Hydraulics R&D is working,

Konecranes has more than a hundred patents on crane technology

Our aim is to strengthen our infrastructure, sales and service support to customers. At present, we have good customer references in India and we are focusing on providing complete lifting solution to customers rather than just providing equipment,