ACE posts robust Q2 FY25; revenue up by 14.5% YoY

ACE registered its best-ever Q2 i.e. Jul-Sep quarter in terms of revenue and margins

India to become third-largest economy by 2030-31: S&P Global

India is on course to become the world's third-largest economy by fiscal 2030-31, driven by a projected annual growth rate of 6.7 per cent, according to S&P Global’s inaugural study, India Forward: Emerging Perspectives.

Indian warehousing demand set to reach 1.2 billion sq ft by 2027

India’s logistics sector is undergoing a major transformation, with evolving supply chains projected to generate demand for 1.2 billion sq ft of warehousing space by 2027, according to a joint study by JLL India and Miebach Consulting.

PM Gati Shakti addresses planning gaps in infrastructure projects

The PM Gati Shakti programme reduces logistical costs that currently account for 13-14 percent of India’s GDP.

India’s Road Network Boom

India has doubled its road network in the past decade, boosting connectivity and attracting significant interest from infrastructure investment trusts (InvITs).

Road ahead for CE industry

Driven by increased government spending, rapid urbanisation, technological advancements, and the ‘Make in India’ initiative, the RAHSTA (road) ahead for the CE industry is bright with full of possibilities and opportunities.

Unearthing Potential

Today, mining is a $1 trillion industry, providing materials for everything from the energy sector to the commercial goods market.

Mining Revolution

The Indian mining industry has shifted from manual to mechanised operations, embracing varying levels of technology and automation

We want to integrate sustainability into our business

Manish Bhatnagar, Managing Director, SKF India, speaks on the role of modern technologies and automation for improving competitiveness.

Bridging the Skill Gap

India’s major infrastructure projects highlight the urgent need for a skilled workforce.

Focus on Infra, Skilling

Experts agree that Budget 2024 aims for more inclusive growth, focusing on job formalisation, agricultural productivity, and MSME support

Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi

Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi

Building India’s Global Manufacturing Capabilities

The Indian manufacturing sector stands at a critical juncture, with several opportunities arising from global shifts and local initiatives. But to take advantage of this evolving market, Indian manufacturers have to raise their global competitiveness, says Rakesh Rao.

Highways to Progress

India’s road infrastructure has evolved through innovative public-private partnerships, technological advancements, and sustainability initiatives, driving economic growth and setting global standards.

Automation and the embrace of technology

Telematics and IoT are other aspects of automation that are finding their way in construction equipment.

Budget 2024: Key highlights

Key highlights of Interim Budget 2024

Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

Blue Energy Motors achieves significant milestone; decarbonises CV industry in India

This development highlights the reduction of over 2000 tonnes of CO2 emissions, equivalent to the work of 80,000 trees

No Bumps in the Road

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.

FCC highlights growth opportunities in railways

FIRST Construction Council (FCC), an infrastructure think-tank, hosted a virtual discussion forum on Oct 5, 2023, to discuss business opportunities for industry in the developing rail infrastructure segment.

A STAR-STUDDED EVENT

48 companies such as Larsen and Toubro (L&T), NCC, PNC Infratech, J Kumar Infraprojects, Tata Projects, HG Infra Engineering, PSP Projects, APCO Infratech and SOBHA, among others, bagged awards in different categories

23 awards presented to Construction Equipment BESTSELLERS at 11th Equipment India Awards 2023

Dimitrov Krishnan, Managing Director, Volvo Construction Equipment India, was recognised as the “Equipment India Person of the Year 2023” for his remarkable achievements during 2022-23

Zinc: Securing a Sustainable Future for Mining Industry

The steel used for the coaches of the Vande Bharat trains has been fortified with zinc.

FIRST Construction Council explains how to unlock value through ESG

With the rise in demand for sustainability, many companies are taking steps to become ESG (environmental, social, and governance) compliant. To delve deeper into the topic, FIRST Construction Council recently hosted a virtual discussion forum on the theme of “How construction companies can unlock value through ESG”.

Embracing the Rental Revolution

Rental penetration is a bit low in the mining equipment industry, but it is increasing on YOY basis due to awareness and availability of latest mining equipment.

The Mining Boom

India's increasing coal projects drive a surge in mining equipment demand!

Technology penetration in mine planning is still lower in India

Arun Misra, CEO, Hindustan Zinc, speaks on the challenges facing in the mining equipment market in India, and the ways to address them.

Fuelling the future

Backhoe loader manufacturers are developing hybrid or fully electric backhoe loaders, which significantly reduce or eliminate fuel consumption and emissions.

Navigating the Depths

How IIoT is enhancing safety and efficiency in underground mining.

Bauma CONEXPO INDIA 2023 - Highlights

The trade fair for construction equipment industry garners excitement!

Kyndryl, IIT Tirupati tie-up to advance AI-enabled 3D printing

They will focus on developing cost-effective 3D prototypes for manufacturing

Bringing the CE industry together

As one of the largest trade shows for the construction machinery sector, bauma CONEXPO INDIA enjoys support from important policy influencers in the Central and State governments.

Mining the Future

With prospects in both surface mining and underground mining, the Indian market for mining equipment appears to have a bright future.

India is one of the very few countries where mining is still growing

Rajesh Nath, Managing Director, VDMA India, speaks on sustainability in the mining industry.

The demand for high-capacity equipment is increasing day by day

Amit Banerjee, Chairman and Managing Director, BEML, shares the outlook for the Indian mining industry, and the sectors that will drive the demand in the mining sector.

Europe-India Day Symposium at Bauma Forum

During Bauma 2022, “Europe- India Day” was organised by the CECE, ICEMA and VDMA India on October 26, 2022.

Stalwarts of CE industry honoured at 10th Equipment India Awards

Sorab Agarwal is EI Person of the Year 2022

Tata Motors launches all-new 5W30 synthetic engine oil for CVs

Promises lower TCO, improved fuel economy and reduced carbon impact

Auto component sector sees record turnover of Rs 4.2 trillion in FY22: ACMA

Indian auto components industry clocked its highest-ever turnover of Rs 4.2 trillion in 2021-22, registering a growth of 23 per cent on the back of strong performance in exports

Premium lubrication solutions for successful mining operations

As a core industry, the mining sector plays a significant role ininfluencing the economic growth of our resource-rich country.

$5.13 Bn Opportunity!

Growing at a CAGR of 9.4 per cent, the Indian backhoe loader market is likely to touch $5.13 billion from $1.77 billion in 2021.

Excon brings more cheer to the season

Excon was spread over 3,00,000 square meters of display area with the participation of over 800 exhibitors from India and abroad.

Poised for growth

With the mining segment getting government support in a big way, the truck and tipper segment will witness growing demand in the days to come.

Electric mobility is the segment we focus on most

Kessler, as the name suggests, has a long history just as any other German /European company, and is being run by the third-generation family and closely linked with the southern German region.

Satyakam Arya Appointed as Chairman of CII, Tamil Nadu State Council

Satyakam Arya has been at the helm of DICV’s commercial vehicle operations since 2018.

Budget 2022 and a big infra push

The union budget can be termed as a growth-oriented one, with the government focusing strongly on world-class infrastructure development.

We are trying to scan India For our global model

Kessler, as the name suggests, has a long history just as any other German /European company, and is being run by the third-generation family and closely linked with the southern German region.

What new construction equipment will 2022 bring?

The outlook on India’s construction equipment sector is optimistic since the country’s needs for infrastructure will continue to grow massively.

Wheel loader market is dominated by 120-150 HP range equipment

In the current context, users prefer wheel loaders that deliver higher productivity at lesser operating costs, along with enhanced servicing of their machines across their work cycle.

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.

Tech Drives Backhoes

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

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

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.

Vedanta Aluminium launches maiden Sustainable Development Report

Launched on World Environment Day, the report captures sustainability performance highlights of FY 2019-20.

One year of lockdown: Real estate sector beating pandemic blues

For many industries, this was a transformative year and one of them which underwent a turbulent change was the real estate sector.

Leading mining companies are now taking steps towards digitalisation

Alok Kumar Verma, Director – Mining Business (India Region), Hexagon Mining, elaborates on the mining scenario in India and how digital solutions can transform the industry.

Rising Tide

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

1st IIEF lauds innovations in 5 categories

Industrial Products Finder (IPF), India’s largest circulated industrial magazine in its 49th year, virtually hosted First IPF Industrial Excellence Forum (IIEF) which comprised of two major segments— Conference and 5th IPF Industrial Excellence Awards, on January 15, 2021.

Italian CE market remains stable in 2020

During the 12 months of 2020, 16,962 construction equipment have been sold in the Italian market, with a stable trend compared to 2019 (+0.2 per cent). More in detail, earth-moving machines sold were 16,251 (0 per cent), and 711 were road machines (+15 per cent).

Italian CE market remains stable in 2020

During the 12 months of 2020, 16,962 construction equipment have been sold in the Italian market, with a stable trend compared to 2019 (+0.2 per cent). More in detail, earth-moving machines sold were 16,251 (0 per cent), and 711 were road machines (+15 per cent).

Italian construction equipment market shows a stable trend

Italian construction equipment market shows a stable trend

Rural infra, healthcare to drive demand for CE

The construction equipment industry sees two emerging categories—infrastructure development in rural India and the creation of a strong healthcare system—as growth drivers in the coming years, even as the industry sees green shoots with the revival of infrastructure projects.

Reforms will boost recovery

Reports show an impressive recovery for the Indian economy in the July-September quarter (Q2) from the record decline of the first quarter, indicating that the economic activity has been gathering pace. The economy in Q2 however continues to be contracted.

Structural reforms in mining sector to realise its true potential: Pralhad Joshi

The proposed changes in mining sector to increase private sector participation

We see huge potential for digital technologies in mining

Alok Kumar Verma, Director - Mining Business (India Region), Hexagon Mining, elaborates on the mining scenario in India and how digital solutions can transform the 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.

Digitised & connected mining with advanced automation technology

Like automotive industry, emerging advanced technologies are helping mining industry to upgrade as well as digitise their operations. According to various report, India is one of the largest exporters of iron ore, chromite, bauxite, mica and manganese.

Kool-ex partners with IndoSpace to set up pharma warehouses

For warehousing, Kool-ex has partnered with IndoSpace to build customised, GDP/GWP compliant, temperature controlled, pharma distribution centres across the country.

The mantra of self-reliance

After months of speculation on GDP numbers, the results have confirmed our worst fears: our economy is suffering from a serious malaise.

Towards ‘Atmanirbhar Bharat’: BEML adds new products

BEML has introduced a range of mining and defence equipment developed indigenously and opened new Industrial Design Centre.

GDP growth to contract by 20 per cent for Q1FY21: CARE Ratings

Taking cognizance of the adverse impact of the lockdown, CARE Ratings is expecting the real GDP growth at -20 per cent year-on-year (YoY) for Q1 FY21.

BEML launches new indigenous products

Defence Minister Rajnath Singh launched BEML’s indigenously designed and developed products

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.

Nip can change the narrative

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

We are preparing ourselves for the future

With timely planning and execution, the government will be able to alleviate the current situation and lead the construction market on the road to recovery. Puneet Vidyarthi, Brand Leader, CASE India, CASE Construction Equipment, shares more on the market scenario.

ACMA seeks relief measures for component industry to withstand COVID 19 impact

The impact of coronavirus over the industry, people and the economy is a grave concern.

Open Letter to Finance Minister

The construction industry employs 35 million people, which is more than the population of Australia or Malaysia, and contributes 8 per cent of India?s GDP.

We have pioneered the operator training programmes

JCB India through its 15 centres has already trained close to 30,000 operators, thereby creating employment and entrepreneurship amongst the youth.

Make in Steel 2020

Given the long-term pipeline of infrastructure projects in India, the growth opportunity for the country's steel sector is immense.

Srei Equipment Finance, UCO Bank to co-lend through iQuippo platform

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India?s premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

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.

Riding prefab wave in India

By integrating specially manufactured ACE tower cranes in its business model, Central Park Flower Valley Project has recorded fast construction, significantly reducing the overall project cost.

CE Market to Bounce Back

Off-Highway Research forecasts that the market for construction equipment (CE) will dip in 2019 but follow an upward trend thereafter during 2020-2023. Samir Bansal elaborates.

Flurry of road bids expected

According to the latest reports, India's GDP growth rate slipped to 4.5 per cent in the July-September quarter of this fiscal.

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.

Poised to Grow

India's lubricant market is growing up with demand for industrial lubricants on the rise. More infrastructure developments and growth in manufacturing in the coming years will see further demand growth for industrial lubricants.

We have the widest range of oils to meet all requirements

GS Caltex India is a 100 per cent subsidiary of GS Caltex, which is a 50:50 joint venture between GS Energy of South Korea and Chevron Corp of USA.

Transforming Mining Safe and Productive

Underground mining is an extremely tough mining method with various risk factors involved.

Transition to underground mining is around the corner

In the near future, there will be hardly any deposits left near surface and hence the underground operation shall become more prominent.

The mining sector is poised to make significant strides

Epiroc covers a wide range of underground equipment needs with production and face drill rigs, loaders and trucks.

CE industry will continue to witness a healthy growth

The overall construction equipment (CE) industry had a good FY2018-19 for all class of equipment and has recorded the highest volumes ever.

Transforming Skill Landscape

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

Infra Growth to Drive Demand

Rising industrial activity, coupled with the uptick in construction and an anticipated demand in mining sector is expected to drive the demand of tipper trucks in the coming years.

Infrastructure momentum to continue

Global construction equipment sales hit an all-time high of 1.1 million units in 2018, with a retail value of approximately $110 billion, according to Off-Highway Research.

Riding on infra push

Pick-up in infrastructure spending and construction activities is expected to drive the demand for tipper trucks in the coming years.

We aim to grab 25 per cent market share in five years

ATG has wide range of radial OTR tyres for loaders, graders, dumpers etc and we see a very good response from the market. Harinder Singh, President - APAC, Alliance Tire Group (ATG), elaborates on the market scenario and company's plans.

Growth ahead, no skidding!

According to the UN's World Economic Situation and Prospects (WESP) 2019, India's GDP growth is expected to accelerate to 7.6 per cent in 2019-20 from an estimated 7.4 per cent in the current fiscal ending March 2019.

"Backhoe loader industry continues to grow"

The backhoe loader industry in the past two years has grown consecutively over 20 per cent year-on-year.

Looking for a Turnaround