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India’s Road Expansion Fuels Surge in CE Demand
Fueled by rising government spending, rapid urbanisation, technological innovations, and the ‘Make in India’ initiative, the future of the construction equipment industry is promising, brimming with potential and opportunities.
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.
ICEMA reports 5% increase in CE sales to 28,902 units for Q1 FY25
The CE industry had sold 27,577 units in the same period of the previous fiscal.
Earthmovers Surge Ahead
Earthmoving equipment sales soar 21 per cent in FY24, dominating the Indian construction equipment market.
All our equipment sales crossed all previous benchmarks
Rohit Punjabi, Vice President (Excavator Business), LiuGong India, speaks on the company’s sales pattern for earthmoving equipment.
Hyundai CE India Advances Excavators with Cutting-Edge Features
HD Hyundai Construction Equipment is one of the leading construction and earthmoving equipment manufacturers in India. Joydeep Baksi, National Sales Head (Sales & Marketing), Hyundai Construction Equipment India, speaks on the latest advancements incorporated into their recent hydraulic excavator models.
2030 Goal: 250,000 Excavators!
India aims to increase its annual production from approximately 85,000 units to 250,000 units by 2030, driven by infrastructure investments in roads, railways, and mining
Hyundai holds a No. 2 position in excavator attachments in India.
Joydeep Baksi, National Sales Head (Sales & Marketing), Hyundai Construction Equipment India, speaks on the current market size of hydraulic excavators in India, and how has it evolved over the past few years.
Indian CE Sales Rise YoY
Indian Construction Equipment industry sales recorded 5 per cent YoY growth; 31 per cent MoM degrowth in April 2024.
Indian rental companies are increasingly embracing digitisation
Satin Sachdeva, Founder & Secretary General, Construction Equipment Rental Association, speaks on the current landscape of the construction equipment rental market, and the latest trends in the market.
Volvo EC210: A Technological Marvel
Built for Bharat, Volvo EC210 offers superior performance, exceptional fuel efficiency and lower maintenance cost, and will be available at 300+ outlets across the country.
SDLG inaugurates first manufacturing facility in Bengaluru
A member of Volvo Group, SDLG offers sustainable solutions to construction, earthmoving, infrastructure and mining projects.
Our compaction products are a true testament to Atmanirbharta
Volvo Construction Equipment (Volvo CE) is a leading international manufacturer of premium construction equipment, offering a comprehensive range of products and services in over 140 countries. Dimitrov Krishnan, Managing Director, Volvo Construction Equipment India, speaks on the company’s growing focus in the compaction business in India, and how it aligns with their broader goals and vision.
India’s CE Sales Surge 26% in FY24
With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian construction equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections.
We pioneered the introduction of battery electric wheel loaders in India
SDLG India, a member of Volvo Group, is a leading provider of construction equipment solutions, emphasising innovation, reliability, and affordability. Its range includes wheel loaders, excavators, motor graders, and more. Surat Mehta, Head of SDLG Business in India, speaks about the company’s newly inaugurated manufacturing facility in Bengaluru and how it has enhanced the company’s capabilities in serving the Indian market.
SDLG inaugurates first manufacturing facility in Bengaluru
A member of Volvo Group, SDLG offers sustainable solutions to construction, earthmoving, infrastructure and mining projects.
SDLG inaugurates first manufacturing facility in Bengaluru
"The new facility indicates encouraging signs of increased manufacturing and launch of new products and services.
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.
Breaking New Ground
Excon showcased the latest in construction technology, reflecting India’s commitment to revolutionising the industry and establishing itself as a global leader in machinery innovation.
Driving Technological Revolution
With more than 1,200 exhibitors from India and abroad, Excon will highlight leading construction equipment manufacturers as they showcase the adaptability of their machinery and the advancement of construction technologies.
Our company has pioneered cutting-edge technologies
Arvind K Garg, Senior Vice President and Head, L&T Construction & Mining Machinery
CASE to introduce 6 new innovative products at Excon
CASE will enter two new categories with the introduction of new products
CII targets over 15% YoY growth in next 5 years
The event witnessed the participation of leading names from the industry, government, and stakeholders from the infrastructure and construction equipment sector.
The Indian excavator market stands at around 25,000 machines
During the recently-held JCB Excavator Day in Pune, Deepak Shetty, CEO and Managing Director, JCB India, speaks on the current market share of excavators in the Indian construction equipment industry and JCB’s position within it.
Building the Future
The market for wheel loaders is seeing fresh traction due to the buoyancy in road construction activities. Fresh off take of coal due to a surge in thermal power production is adding to the demand.
CASE CE appoints Shalabh Chaturvedi as MD for India & SAARC
Chaturvedi has been with CNH Industrial for over a decade
CASE CE appoints Shalabh Chaturvedi as MD for India & SAARC
Chaturvedi will be responsible for strategic and sustainable expansion of the CASE Construction Equipment brand in the region.
CE manufacturers call for single emission norms for all machines
The Indian Construction Equipment Manufacturers Association (ICEMA) has asked for a single set of laws to govern all construction equipment machinery
Fuelling the future
Backhoe loader manufacturers are developing hybrid or fully electric backhoe loaders, which significantly reduce or eliminate fuel consumption and emissions.
Automation at the Forefront
Companies use automated material handling equipment because it increases productivity and reduces waste, which results in significant cost savings.
CE industry grows by 25% in FY2023
The quick expansion in road and infrastructure development activity across the nation, fuelled by significant governmental expenditure as well as private sector initiatives, is the primary cause of this wise rise in the industry's fortunes.
Construction equipment sales grew 26% to cross 1 lakh mark in FY2022-23
YoY 28.5% growth in domestic sales, 3% growth in exports
CE manufacturers call for single emission norms for all machines
ICEMA has appealed to relevant government departments.
Construction equipment ind. grows by 25% in FY2023
Construction equipment industry grows by 25% in FY2023
Steering the market
Skid-steer loaders segment is one of the only few segments that has shown an increase in sales in 2022 as compared to 2021. The enormous growth in the market value of the construction sector will further fuel the nation's high demand for skid steer loaders.
How to make construction S.Af.E.R?
The theme S.Af.E.R. stands for -- S: Sustainability; Af: Alternative Fuels; E: Electrification; and R: Rentals. The underlying premise of the theme is that integrating energy-efficient equipment and energy-saving technology in sustainable development initiatives can drastically cut energy use and harmful emissions.
An Upward Trend for CE Industry
Off-Highway Research forecasts the market to grow by 9 per cent to 89,350 units in 2023 but predicts it to fall 7 per cent to 83,350 units in 2024 (the general election is scheduled that year).
Bringing sustainability to the fore
JCB has continued to make concerted efforts to conserve and optimise the use of energy.
Progressive Outlook of the Indian CE Industry
Alternative fuels will be a fair play for the future of the CE industry as the Government is also pushing the same for making India self-reliant.
The demand for excavators & backhoe loaders will rise
Nischal Mehrotra, VP - Sales & marketing, Liugong India, speaks on the market in India for their products.
Creating Compact Foundations
The upward trend of mechanisation in the construction and road-building industries is expected to drive the compaction equipment market in India.
We will focus on CE for road and retail segments
Dimitrov Krishnan, Managing Director at Volvo CE India, speaks on their past experience at bauma CONEXPO India.
On track: double-digit growth
Distribution, digitisation and electrification are expected to be the key drivers of the earthmoving equipment industry in the coming years.
Indian construction equipment industry plans to attract global suppliers
With the construction equipment industry being the primary stakeholder the infrastructure sector is an economic driver and is poised to play an important role in propelling the country’s overall growth and development
Heading towards a new high!
After two years of lull, the excavator market should grow again and reach 25,000 units in 2022.
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.
Volvo CE India showcases biodiesel blends for CE range
Volvo CE India has announced that its customers across the country will have access to select biodiesel blends to run their Volvo machines.
Y Fujii of Komatsu India: We have launched four new models
Yasunori Fujii, Managing Director, Komatsu India, speaks on the market that drives the demand of their products.
CE export witnesses 60% growth in FY22
According to the Indian Construction Equipment Manufacturers Association (ICEMA) the export of construction equipment has increased by 60 per cent in FY22 with earth-moving equipment witnessing 69 per cent growth in the last fiscal year.
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.
Garg of L&T: Excon has benefitted us with increased market share over the years
Arvind K Garg of L&T Construction & Mining Machinery speaks on the key products on display during Excon.
We have a positive outlook on future of power transmissions products
We have been participating in Excon, since its sixth edition. Over these editions, we have gathered many a positive experience and have watched this exhibition, mirror the growth of the construction equipment industry in India.
Chasing Growth!
Despite rising input costs and transition to CEV stage-IV engines, the CE market is expecting a growth of over 11 per cent in 2022-23.
NIP can make CE tick
As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.
What’s Your C-sat Score?
C-SAT is a commonly used metric that acts as a key performance indicator for customer service and product quality in all kinds of businesses. C-SAT is short for customer satisfaction score.
Connectivity is key between automation and electromobility
The world is entering an age of robotics. Industrial robots have worked in the manufacturing sector for decades. Construction could be the next industry to undergo an automation transformation.
infra demand boosts rental market
Rental is the future. Infrastructure stimulus measures and pent-up demand in the Indian market suggest growth ahead for equipment rental firms.
Construction, industrial equipment makers to shift to electric
The construction and industrial equipment industry plans to shift to electric. Top businesses like JCB, Volvo CE and Schwing Stetter are either working on electric versions or conducting feasibility studies for launching e-appliances in India.
Bio Diesel Summit
Hosted by ICEMA, the Bio Diesel Summit, which was held virtually on January 24-25, 2022, stressed on substituting diesel with alternative fuels.
Opportunities galore
The construction industry across the globe is anticipated to present significant opportunities for construction equipment.
Construction, industrial equipment makers to shift to electric
The construction and industrial equipment industry plans to shift to electric. Top businesses like JCB, Volvo CE and Schwing Stetter are either working on electric versions or conducting feasibility studies for launching e-appliances in India.
M Vijay Kumar appointed CEO of Infrastructure Equipment Skill Council
M Vijay Kumar comes with over 35 years’ experience in the construction equipment industry.
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.
Innovation & Indigenization has been a way of life at AJAX
“Innovation & Indigenization has been a way of life at AJAX, and we are proud to be a self-reliant Indian company for almost three decades” – Ajay Aneja, Chief Marketing Officer
An evening to cherish
The 9th Equipment India Awards 2021 recognised the top performers of Indian construction equipment industry. In a colourful ceremony held at Four Seasons in Mumbai, the winners received the awards for their achievements in the respective segments.
Arvind K. Garg is EI Person of the Year 2021
Garg was awarded at the 9th Equipment India Awards.
ACE wins big at EI Awards 2021
ACE bagged two awards – Innovation of the Year and Bestseller Mobile Cranes.
Propel bags ‘Emerging CE Company of the Year 2021’
Propel was awarded at the 9th Equipment India Awards.
Schwing Stetter wins ‘Trainer of the Year 2021’ at EI Awards
Schwing Stetter was awarded at the 9th Equipment India Awards.
Bonfiglioli wins ‘2nd Rank – Innovation of the Year’ at EI Awards
Bonfiglioli India was awarded for its innovative drive designed in India for girder transporter used in high-speed rail project.
Connectivity is key between automation & electro mobility: Volvo MD
Dimitrov Krishnan, MD, Volvo CE India, speaks on whether machine automation will ever take off in construction.
D Krishnan of Volvo: Connectivity is key between automation & electro mobility
Dimitrov Krishnan, MD, Volvo CE India, speaks on whether machine automation will ever take off in construction.
ICEMA inaugurates new office in New Delhi
Strengthening the Indian Construction Equipment Manufacturers Association (ICEMA) secretariat by way of setting up of a new office space in New Delhi is an integral step towards achieving the Industry’s Vision Plan 2030: Building the Nation” said Sandeep Singh, President ICEMA while inaugurating the newly opened office.
Dimitrov Krishnan is new President of ICEMA
The Indian Construction Equipment Manufacturers Association (ICEMA) elected their President for the period 2021-23 during its Annual General Meeting held virtually on July 19, 2021.
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.
Dimitrov Krishnan is new President of ICEMA
Dimitrov Krishnan, Managing Director, Volvo Construction Equipment India Pvt Ltd will lead ICEMA, the apex association of CE industry.
ICEMA inaugurates new office in New Delhi
ICEMA’s New Office to help drive Construction Equipment Industry’s Vision 2030 Plan
Govt programmes will have direct impact on demand for bearings in the CE market
Sanjay Koul, Chairman and Managing Director, Timken India Limited
Bounce back
Construction equipment finance has bounced back after the pandemic-forced lull.
L&T records highest sales of Komatsu PC210-10M0 machine in short time
L&T Construction & Mining Machinery hit a new milestone with the commissioning of 1000th Komatsu PC210-10M0 Hydraulic Excavator recently. At separate events held at customer sites, the 1000th machine was handed over to Somendra Singh and 1001th machine to PNC Infratech by our team.
L&T records highest sales of Komatsu PC210-10M0 machine in short time
L&T Construction & Mining Machinery hit a new milestone with the commissioning of 1000th Komatsu PC210-10M0 Hydraulic Excavator recently.
JCB strengthens presence in Andhra Pradesh
The company's dealer, Varun Motors, inaugurated its new facility for sales, service and spares in Rajahmundry, the cultural capital of the State.
New Avenues to Growth
The ongoing COVID-19 pandemic has hit market players adversely on the supply side, causing declining sales of undercarriage components.
Indian CE market to regain growth
Samir Bansal of Off-Highway Research writes on the market and sales scenario of Indian construction equipment market.
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.
Will Growth Sustain?
This September showed a sequential positive trend in the economy. Analysts say the 8 core sectors improved. Now to sustain that growth.
EQUIPMENT INDIA Awards 2020
At the 8th Annual Equipment India Awards 2020, hosted virtually, the top performers of Indian construction equipment industry were felicitated for their achievements in the challenging times.
New emission norms for CEVs deferred to April 2021
The stage is now set for the implementation of the new emission norms in the construction equipment vehicles (CEVs) and tractor segments with the notification of the Ministry of Road Transport and Highways (MoRTH) in this regard.
The growth of mini excavators will be much faster
Tata Hitachi pioneered the mini excavator market by introducing the first indigenously developed 2T TMX20, way back in the 1990s. Rahul Shorey, Head Sales – Construction, Tata Hitachi Construction Machinery Co, shares more on the market trends.
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.
JCB Group appoints Deepak Shetty as Deputy CEO and MD in India
The JCB Group announced the appointment of Deepak Shetty as the Deputy CEO and Managing Director of JCB India.
bauma CONEXPO INDIA postponed to April 2021
The event will now take place from 20 to 23 April 2021 at the India Expo Centre (IEC), Greater Noida
Telangana welcomes CE companies to invest in state
Telangana’s IT and Industry Minister KT Rama Rao welcomed construction equipment companies to invest in the state for manufacturing construction equipment (CE).
Policy: Defer BS-IV & Bring in Scrappage
Given the grievous COVID-19 pandemic impacting the overall economic activities in the country, various industry organisations had sought government support by way of financial stimulus and other policy-related initiatives.
Govt proposes to defer new emission norms for CE vehicles
MoRTH has invited suggestions from all stake holders on the proposed amendment in the MV Draft rules for deferment of BS-IV emission norms for CE vehicles, tractors and harvesters
We expect more packages from the government
Considering further revenue loss and anticipated reduced demand for the upcoming months, we expect more packages from the government, says VG Sakthikumar, Managing Director, Schwing Stetter India.
Can India be an alternate manufacturing base?
Even before COVID 19 crept up upon us, our roads sector had already hit a speed breaker. Construction of highways slowed to 27 km a day during April-January against 29.7 km a day achieved in 2018-19.
Construction and infra activities will pick up and normalise in the next two months
Construction activities will normalise in the infrastructure sector in a couple of months with up to 80-90 per cent of operations, which is good enough to sustain in the present conditions.
Construction equipment technology has come a long way
The need to execute challenging projects within stipulated timelines will further strengthen the mechanisation process in construction.
Paving to Perfection
The projects planned in roads, highways and expressways under the National Infrastructure Pipeline for the next five years will drive the demand for pavers during the period.
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