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
L&T Construction & Mining Machinery hit a new milestone with the commissioning of 1000th Komatsu PC210-10M0 Hydraulic Excavator recently.
AJAX offers concrete batching plants in CRB, IRB and IBP series ranging between 20- 30-45-60-75-90-120 that goes up to 240 cum/hr.
Amazon India announced its partnership with Mahindra Electric to further strengthen its commitment towards electric mobility in the country. In 2020, Amazon India had announced that its fleet of delivery vehicles will include 10,000 electric vehicles (EVs) by 2025 in India.
In its latest commissioned projects with Kolkata Metro Rail Corporation (KMRC) and Chennai Metro Rail Ltd, (CMRL), the company continues its commitment towards engineering a sustainable and energy efficient future for the nation
Globally, Caterpillar has more than 95 years of product support expertise, a large installed base (approximately two million assets), and a robust worldwide dealer network serving 193 countries with approximately 160,000 employees.
The modernisation of ports is a prerequisite. The various policy measures announced in the sector are expected to increase investor confidence in the sector which in turn will translate into great opportunities for growth in the port equipment market.
Vermeer Corporation has bought Normag’s electric-powered horizontal directional drilling (HDD) and fluid systems technology, assuming the rights to develop, manufacture and distribute the European-based company’s electric HDD rigs, generator sets and fluid management systems.
In our exclusive, Deepak Shetty, Deputy CEO & Managing Director, JCB India Limited, tells us how the construction equipment industry in general and JCB in particular have been emerging through the year of the pandemic.
L&T’s Construction and Mining Equipment business manufactures, distributes and provides after-sales support for construction and mining equipment for diverse industries and applications.
Ajax Engineering, the world’s largest manufacturer of self-loading concrete mixers (SLCMs), has recently earmarked around Rs 100 crore for allotment of land in Bengaluru from Karnataka Industrial Areas Development Board (KIADB) as well as for building a new manufacturing facility.
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.
Hyundai Construction Equipment launched the upgraded series of excavators under the series name SMART PLUS and new Global colour to strengthen the brand positioning in India and Export market.
The Budget 2021 has won the approval of its utmost critics with most giving it a thumbs up. Infrastructure is the mantra for 2021-22 as the Finance Minister proposed to significantly enhance capital expenditure to Rs 5.54 trillion 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), which was launched in December 2019 with around 6,835 projects.
The Mega Infrastructure Summit 2021 is all set to welcome you back to an engaging physical forum to unlock and connect you with unlimited networking opportunities.
BEML is showcasing some of its prime products during AERO INDIA 2021, the biennial mega Aero exhibition, being held in Bangalore, from February 3-5, 2021.
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)
The Union Cabinet cleared the new policy for Public Sector Enterprises (PSEs). A broadsheet for disinvestment is expected to be announced by Finance Minister Nirmala Sitharaman in the Union Budget.
Gmmco Ltd and Caterpillar Inc launched the new generation motor Grader SEM 915 on January 20, 2021. The event was hosted online and had enthusiastic participation from customers.
SDLG launched the LG953 wheel loader for the Indonesian market at the end of 2020. With its ability to handle tough working conditions and its durable build, this medium to long wheelbase wheel loader is designed for use in the country’s construction sites, factories, ports, and mines.
The Construction and Mining Equipment business of Larsen & Toubro has secured multiple orders for supply of 90 units of Komatsu mining equipment from Coal India subsidiaries, leading infrastructure companies engaged with the coal sector and customers from the cement and iron ore sectors.
JCB India inaugurated its largest parts centre at Bhaproda, Haryana. The facility spread over 150,000 sq ft will provide parts support to the northern Indian region. It will cater to 15 dealer locations and contribute almost 40 per cent to JCB’s parts business in India.
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.
PK Ganguly, Head – Marketing (Domestic Sales), Balkrishna Industries, shares his thoughts on the market scenario and how the company is gearing up to meet the growing demands in the market.
The rural economy has also been driving sales of construction equipment. A good monsoon, record agricultural production and huge procurement by the government agencies along with a focus on rural infrastructure are all attributable to increasing rural prosperity.
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.
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.
Ifm is expanding its product portfolio of control solutions with new solutions. Amit Hatgine, Manager-System Business, ifm Electronic India, shares more on the products and solutions from the company for construction equipment industry.
Aditya Vazirani, CEO of Robinsons Global Logistics Solutions, elaborates on the factors that will drive the growth of Indian warehousing and logistics in 2021.
WOLFFKRAN Schweiz AG conducted a groundbreaking ceremony for the construction of its new headquarters. The 18,000 sq m property in the industrial zone of Elsau will include a modern office and workshop building and an optimally structured outdoor storage facility. Completion is scheduled for May 2021.
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.
The scope for the MAHSR - C4 package includes the construction of viaducts, stations, major river bridges, depots, and other auxiliary works.
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.
Epiroc Mining offers a wide range of tunnelling equipment for underground mining and underground civil work applications. Anirban Sen, Underground Business Manager Asia Pacific & India, Epiroc Mining, shares more on the demand trends and market outlook for tunnelling equipment.
In a projects ElectroMech has a stated strategy of Cranes & Beyond. Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems (India), elaborates more on the company’s activities and the market trends in post-pandemic scenario., the ongoing projects simply cannot be stopped and these need to be completed and taken to their logical conclusion. Hence, when it comes to crane orders for big projects under execution, the orders are still being finalised in the industry. The pandemic had put a pause on the entire activity in the market for a few months. However, the market has almost got back to the pre-pandemic days and business seems to be back to normal.
Speaking exclusively with EQUIPMENT INDIA after winning the coveted Equipment India Person of the Year 2020 award, VG Sakthikumar, Managing Director, Schwing Stetter India, shares his thoughts on the company’s success, future plans and the market outlook.
Despite the challenges due to Covid-19, the show will fill all 17 halls and the outdoor area at the Shanghai New International Expo Centre (SNIEC).
The SEZ is ready to house a diverse set of industries – electronics, medical equipment, general engineering, auto ancillaries and components, solar and many more.
Investment is being made not only in technical infrastructure and personnel of the production facility, but also in the development of the region’s next generation of specialists.
The Ministry of Road Transport and Highways (MoRTH) has big plans of constructing expressways, national highways, state highways and rural roads in the coming years. However, any uncertain economic situation in future may affect the recovery of the market as this will affect the payment of contractors, financing and thus equipment mobilisation.
Prime Minister Narendra Modi is all set to inaugurate the world’s longest railway tunnel above 10,000 feet height on October 3. The Atal Tunnel is being completed at the most difficult time of coronavirus pandemic.
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.
Global construction technology leader Trimble has recently announced a strategic partnership between Tekla Structures, Trimble’s flagship product, and Metal Building Software (MBS), the globally leading software for the metal building industry.
In the current market conditions, the customer focus will be on equipment with better productivity and cost saving. Backhoe loader with its multi-utility advantage and competitive price will drive the demand in the current market scenario.
KfW IPEX-Bank is enabling the export of construction machinery for Srei Equipment Finance (SEFL) to India by providing a framework loan of EUR 10 million.
Construction and mining machinery operate in extreme conditions of weather, terrain and environment. They need to withstand these odd conditions and perform the task with minimum downtime.
: The slowdown in real estate market has impacted the growth prospects of tower cranes this year. However, going ahead, demands from industrial infrastructure segment can drive the growth. Karan Chechi writes on the trend.
During the past 25 years, trenchless technology has become a major part of construction industry in India. Dr Niranjan Swarup elaborates on the emerging trends in trenchless technology in India and the opportunities for the world
Lintec & Linnhoff announced its re-entry into the India market, which has been one of the Group’s stronghold markets for the Linnhoff brand across a span of two decades
Jindal Stainless has received endorsement from Capital Goods Skill Council (CGSC), a Government of India initiative, for creating a vibrant eco-system for quality training and skill development.
The Ministry of Road Transport and Highways has issued a draft notification to address the issue of safety requirements while construction equipment vehicles are running on roads along with other vehicles
The growing aggregate requirements in the infrastructure projects and the improving mineral mining activities in the country demand crushers and screens in large numbers. But with some roadblocks pose as challenges in this positive scenario, can the crusher segment gather momentum
The construction equipment industry is going through a never-seen before sales scenario as the volume witnessed a steep fall of 70 per cent in April-June 2020 quarter, as per the findings of the CRISIL Research.
Wheel loader market in India is looking at the emerging opportunities after the fresh momentum that is going to prevail in the market post-COVID pandemic after the government’s pro infrastructure policy initiatives.
Mining policy revival and recovery of construction activities can bring back the power in mobile compressor market. Next year could see the industry back in full action which can drive the growth of mobile compressors in the long term.
Atlas Copco products are designed and developed for Indian job site conditions with various innovations through reengineering. Tony Van Herbruggen, General Manager, Power Technique Customer Center, Atlas Copco (India), shares more on the new product range and solutions for the market.
iQuippo announced a strategic partnership with Kobelco Construction Equipment India to market and sell construction and mining equipment manufactured by the OEM on its platform
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.