Two critical demand headwinds in the coming quarters are - the continued limited fiscal bandwidth with State governments to invest in infrastructure and the price hikes following the upcoming emission norm change in April 2022
In the current scenario of Covid-19 impact on the market, KION India is ready with the offering to manage labour shortage and no-contact material handling. Sunil K Gupta, President, KION India, shares more on the market trends and the company’s plans.
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.
Palletisation is the most visible aspect of a definite shift towards standardising and professionalising the sector in India, to increase its levels of efficiency, productivity and safety. Anil Lingayat writes.
The Union Government has taken note of the request submitted by the Construction Equipment Rental Association (CERA) on issues related to GST on equipment rental services
The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.
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.
Pick up in infrastructure spending and construction activity, especially in roads and highways, irrigation and affordable housing segment, will continue to support demand for construction trucks.
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.
Optimum utilisation of excavators is of utmost importance for the economic operation of the machine. All hydraulic excavator OEMs have introduced matching technologies for the optimum performance of their machines.
The manifesto of the NDA points towards building 12,000 km of roads per annum! In 2018-19, even though contracts awarded were to the tune of 15,000 km (against 17,055 km in 2017-18), the figure for roads constructed up to November 2018 has been 5,759 km (against 9,829 km in 2017-18).
After reporting stellar figures in Q2, TCIEXPRESS has sustained its robust growth figures. The company?s net Q3 revenue showed robust growth of 14.89 per cent, while the EBITDA stood at Rs 31.63 crore after registering an increase of 28.26 per cent.
Gulf Oil Lubricants India (Gulf Oil) announced its association with Mahindra Logistics (MLL), to strengthen its supply chain and to implement its post GST supply chain consolidation strategy which is focused on achieving efficiencies in total cost.
For the next two years, at least the construction equipment rental companies will have to work both in an environment of uncertainty as well as promise of strong market.
The good news is here! India notched the 77th rank in the World Bank's Ease of Doing Business, jumping 23 places up from last year. The report also recognises India as one of the top 10 reformers among 190 countries.
TCIEXPRESS announced its financial results for the Q1 of FY 2018-19. The company?s Q1 revenue reflected a robust growth of 21.84 per cent and at Rs 248.10 crore. The EBITDA stands at Rs 27.46 crore, registering a growth of 45.14 per cent YoY. Further, the PBT during the first quarter also rose sharply by 44.22 per cent.
The HCV volumes of Mahindra has grown considerably in FY18, with an enormous growth in the market share. Vinod Sahay, CEO - Mahindra Truck and Bus Division, Mahindra Construction Equipment Division, Mahindra & Mahindra shares more on the company's plans in line with the market developments.
Tower crane market is now on revival path, which was going through a lull period till recently. Going forward, a steady growth of real estate market could see a further momentum in tower cranes.
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.
The effect of the GST implemented in July 2017 has been largely positive for the road logistics sector and has led to several benefits. As per ICRA's comprehensive survey covering approximately 50 transport companies pan-India and 15 consumer-oriented companies across various sectors, the findings have been encouraging, though a lot remains to be achieved.
It's one year since the unified tax system of Goods and Services Tax (GST) came into force. GST has been a game changer in its vast sense considering the difficulties faced by the industry in terms of multiple tax structure.
With industrial output and consumption-driven sectors recovering in H2 FY2018 from the initial lull post GST implementation, the freight demand in the country has also reported healthy pick-up during the second half of the previous fiscal.
Krishnapatnam Port Company Limited (KPCL), the country?s largest all-weather; deep water port on the east-coast of India, announced the installation of ?Rapiscan Eagle P 60 (Eagle P60)?, a drive-through X-Ray container scanner and radiation portal monitors.
Warehousing operations are becoming more complex and challenging with respect to the space availability and its optimum utilisation. Asim Behera explains more on the best practices in this direction.
The verdict is out! GDP growth at 7.7 per cent is the highest in nine quarters. Construction growth at 11.5 per cent, manufacturing at 9 per cent apart from agriculture have been positive contributors.
Strong domestic demand generated by ongoing infrastructure development projects resulted in the construction equipment market rising to an all-time high of 72,197 units in 2011.
As you know, Vashi Electricals is India's largest channel partner of reputed international brands of industrial electrical products. For us, 2018 is a year of celebration as we mark 40 successful and delightful customer service to industrial customers.
The total sales of 72,745 units of construction equipment in 2017 against 66,613 in 2016 brought back some sheen. The easing up of GST rate from 28 per cent to 18 per cent helped breathe but the launch of infrastructure projects brought a smile to the industry.
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.
The Indian infrastructure sector is not slowing down anytime soon, given the government initiatives and market demand. This makes it a feasible environment for the growth of construction equipment, writes Andy Dhanaraj, Director - Sales, Caterpillar India.
'Infrastructure 2.0' was the theme of our 10th Annual issue of Equipment India. The 5th Annual Equipment India Awards & CEO Forum held on February 16, 2018 in Delhi also hovered on the same theme.
Infrastructure development has been one of the top priorities of the Union Budget 2018-19 presented by the Finance Minister Arun Jaitely in Parliament on February 1. Major investments and allocations are in roads, railways and rural development including agriculture and rural economy. Urban infrastructure development has also received a boost with the allocation for Smart Cities mission.
The mining and construction segments account for around 30 per cent of total heavy-duty (HD) truck market in India. But the segments have been facing tough times for the last 2-3 years.
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.
Knight Frank India launched the third edition of its flagship India Warehousing Market Report 2018. The report unravels the present scenario of the Indian logistics sector along with providing a definitive view on the country?s top warehousing markets, which include Mumbai, NCR, Bengaluru, Chennai, Pune, Hyderabad and Ahmedabad.
Embassy Industrial Parks, a joint venture between Embassy Group, India?s leading property developer and Warburg Pincus, a leading global private equity player, has signed Mahindra Logistics, one of the leading 3PL logistics firms in the country, as its client in their project based in Chakan, Pune.
Foundation of Infrastructure Research Studies Training (FIRST) hosts 5th EQUIPMENT INDIA Annual Awards
The Foundation of Infrastructure Research Studies Training (FIRST) hosted the 5th EQUIPMENT INDIA Annual Awards at Hotel LALIT in New Delhi on Friday 16th February, 2018.
Customers in the construction sector are in search of higher-capacity trucks. The truck industry catering to mining and construction segment is in a transition mode as segmental shifts are taking place in terms of GVW, vehicle power, and performance Haulage trucks are being used for the transportation of aggregates, which is a new phenomenon.
Overall, we see growth coming from earthmoving, road, and material handling equipment categories. More than 60 per cent of the equipment comprises earthmoving equipment (backhoe loaders, hydraulic excavators, wheel loader, etc).
Warehousing industry in India needs innovative approach to achieve improved efficiency. Asim Behera explains more on the current scenario and the importance of advanced innovative warehousing solutions to meet the emerging demands.
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.
Mining and construction activities are on a growth path in the country. New projects (big and small), demolition of old structures to reconstruct new ones and transportation of materials at construction sites, all these make the role of tipper trucks important these days.
TCIEXPRESS, a specialist and leader in time-definite express distribution in India, has announced its financial results for the Q3 and nine months ended December 31, 2017.
OTR tyre market is divided majorly into three segments: mining, construction and industrial equipment, agriculture vehicles and others. Mining, construction and industrial equipment such as loaders, bulldozers, tractors, forklifts, backhoe loaders, cranes, excavators, wheeled loaders, industrial trucks, skid steer loaders, etc
The CE market is on a role with a lot of actions in the infrastructure development underway while many are in the pipeline. The new year is definitely a year of opportunity for CE industry in India considering the new life the infrastructure has gained after the corrective actions of the government on the bottlenecks in various projects.
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.
Tyres are important components of a vehicle or machine for making it mobile. When we think about tyres, the first thing coming into our minds is a vehicle. Automobile is the largest user of tyres.
Excon 2017 is all set to open its floors for the five-day mega technology feast on December 12, 2017. This year marks the ninth edition of the Excon, which has a 17-year strong legacy being organised since 2000.
Picture a manufactured product which has more than 20,000 unique components. These components are sourced from over 250 vendors, with 10 per cent of these vendors located outside the domestic shores.
The last few years have been very good with respect to awards and constructions of road projects. We expect this trend to continue with construction of 19 km/day and the government working towards 30 km/day.
The construction equipment (CE) segment has already been riding a massive infrastructure push by the government. The CE market grew by around 32 per cent in 2016-17 (unit sales).
The current construction equipment market in India is to grow at a rate of 25 per cent. Road, irrigation, ports, RMC, railways, metro rail, power (nuclear, thermal, solar, wind, hydro, gas based), real estate and other community buildings are the major demand drivers for our product line.
The government has estimated a total infrastructure spending of about 10 per cent of GDP during 2012-17, up from 7.6 per cent during the 2007-12 period.
The market scenario of access equipment industry continues to be flat. As major manufacturers, we always hope that the market evolves and matures, but regret it hasn't been so over the last few years when we talk about new machines being imported into the country considering the fact that the market being nascent and quantities being low, there are no thoroughbred manufacturers in India.
Following a three-year slump in demand, the equipment industry started looking up from the early 2015. During the later part of that year, the market growth gathered momentum.
Post GST, the construction equipment (CE) sector in India had a short term hit. Retail hiring segment was adversely effected, as it is more of unorganised sector.
The current equipment industry scenario is quite positive. The announcement of several infrastructure projects will further spur the demand of construction equipment, which will be beneficial for the industry.
After a continuous phase of sluggish market and recession, the construction equipment sector is on the verge of a turnaround now. The sector has received a boost with the government's renewed focus on road building, as a result the market grew by 16 per cent in 2015, and further by 39 per cent to peak in 2016.
Better late than never. The Central Government has finally lowered the GST rate on construction and mining equipment to 18 per cent, from 28 per cent. Though, for some 15 per cent products, GST still remains 28 per cent, according to industry sources.
MAN Trucks India has undertaken a unique customer outreach, named ?The MANExpedition?. The activity comprises five haulage trucks starting from Pune,Dhanbad and Kochi, respectively that will traverse the country over 22 days.
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.
During the June-September 2017 quarter, total income (net) for the quarter increased to Rs 5,103 million, higher by 4.2 per cent than the corresponding quarter of 2016.
Mahindra Powerol announced its entry into the higher kVA diesel generators (DG) segment with the launch of its all new range of 250/320 kVA DGs, which are powered by the Mahindra mPower series of engines.
The International Copper Association India (ICA India) announced the third edition of India Copper Forum (ICF) in association with Hindalco Industries Ltd and Vedanta Ltd. The third ICF will be held on November 8, 2017 at Shangri-la?s Eros Hotel in New Delhi.
The construction equipment (CE) sector saw a growth of 25-30 per cent during the August-September period this year, according to the CII Excon 2017 member Anand Sundaresan.
Volvo Trucks is gearing up for a renewed focus on construction, including roads, irrigation, quarry, and marble mining. In a meeting recently organised at its manufacturing and assembly facility in Bengaluru, the company has announced its plan to focus on construction segment and displayed the range of solutions.
Construction minis contribute to mechanisation of the last miles of various construction activities. These can be grouped under concrete, compaction, finishing and many other similar sections.
Although there has been an increase in awareness of the use of access equipment for safe and productive work at heights, compared to matured markets of Europe, the US, South America, Australia, Singapore, the Middle East, Japan, South Korea and China the growth in India has been dismal and nowhere close to its potential.
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.
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.
From just an electrical channel partner, Vashi Electricals has grown to become a company of procurement specialists, helping customers from various verticals, including infrastructure equipment. Sanjeev Bhatia, Partner, elaborates more on the company and its vision for future.
According to the rating agency ICRA, the mining and construction equipment (MCE) sector is likely to grow by 13-17 per cent during 2017. The demand for MCE grew by over 35 per cent during 2016.
Will CE cross its previous peak of 52,500 units achieved in 2011 this year, despite the additional burden caused by GST? The majority feels that the peak is within reach.
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.
Leading commercial vehicle (CV) players witnessed double-digit growth in sales during July 2017. Tata Motors reported a 15 per cent growth in sales of commercial vehicles at 27,842 units. According to the company, a ramp-up of BS-IV production.
DHL Global Forwarding has inaugurated its first integrated warehousing site in Bengaluru. The new facility will provide both customs bonded and domestic warehousing solutions to its customers.
TCIEXPRESS, a specialist and leader in time-definite express distribution in India, has announced its financial results for the quarter ended June 30, 2017.
Dr E Sreedharan was revered and acknowledged as India's 'Metro man' because he managed to do the impossible, i.e., dig into Delhi while it worked and build the metro rail, and that too, in record time. His execution won him laurels.
Emerging markets with infrastructure needs continue to accelerate the growth of construction equipment manufacturing, which in-turn drives the bearing market in construction segment.