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We see healthy growth for CE industry in coming years

ACE is India’s leading material handling and construction equipment manufacturing company with a majority market share in mobile cranes and tower cranes segment. In addition to mobile cranes, ACE also offers mobile/fixed tower cranes, crawler cranes, truck mounted cranes, lorry loaders, backhoe loaders, vibratory rollers, piling rigs, forklifts, warehousing equipment, tractors, harvesters and other agri machinery.

Rising Tide

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

Govt’s infra focus will boost demand for CE”

Established in May 1964 as a public sector undertaking for manufacturing rail coaches and spare parts and mining equipment, BEML (formerly Bharat Earth Movers) has partially disinvested and presently Government of India owns 54 per cent of total equity and rest 46 per cent is held by public, financial institutions, foreign institutional investors, banks and employees.

Budget spurs order books

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 long-term growth for construction equipment is intact

India's infrastructure sector is poised to grow significantly with the increasing demand for development of key 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.

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.

EQUIPMENT INDIA Awards 2020 to be held online

In the prevailing pandemic conditions, The 8th Annual EQUIPMENT INDIA Awards will be held virtually on October 15, 2020

iQuippo brings Kobelco’s equipment on its platform

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

We expect an industry growth of 6-8 per cent in 2021-22: Venkatesh S Aiyer

Uniflex has recently started a new plant in Uttarakhand, and plans to start two more plants in the long term. Venkatesh S Aiyer, Director, Uniflex, shares more on the market trends and the company’s plans.

We promote domestic products suitable for applications: Saji Thomas

Gates believes in extending the boundaries of material science. Saji Thomas, General Manager, Product Line Management & Application Engineering - FP, Gates India, shares more on the product developments in the company and the market scenario.

We provide customised solutions for different applications

Customers are looking for more reliable and compact solutions which can survive difficult operating environments. Harsha Kadam, CEO, Schaeffler India and President (Industrial Business), shares more on the application trends in bearings and the market scenario.

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.

Union Budget 2020: What?s there for infra equipment?

There are certain key proposals in the Budget 2020 that can boost the sale of infrastructure equipment. But the real opportunity will be visible once the projects take off successfully.

Budget 2020

The Budget 2020 presented by Union Finance Minister Nirmala Sitharaman has given thrust on infrastructure development of the country.

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.

The long-term growth for construction equipment is intact

India's infrastructure sector is poised to grow significantly with the increasing demand for development of key infrastructure projects.

Tech-Knowledgy The Way Forward

New-generation technologies can lead the construction equipment industry to newer heights in efficiency and productivity.

We are future emission ready with our products and equipped our network

Ashok Leyland is the market leader in agricultural harvester combine segment and has significant presence in industrial equipment market across applications.

Engineering Growth

The growth prospects of off-highway diesel engines market is obvious in the coming years as the infrastructure equipment will play a major role in the infrastructure creation in the country.

Srei Equipment Finance, UCO Bank announce strategic alliance

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.

An Uphill Task

Lack of availability of certified skilled equipment operators is a major issue faced by construction contractor in India.

We have completed training of 2,000 operators till last year

Schwing Stetter India started the training department in the second year of its operations in 2000.

The focus on skill development is on the rise

L&T Construction & Mining Machinery Business has trained and certified over 10,000 operators and mechanics in the last two years under the RPL4.

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.

ACE has its fully equipped training centre at Faridabad

In the past two years, the training centre of Action Construction Equipment (ACE) has conducted 213 training programmes for 4,225 operators and participants.

Braving challenges

With this March marking the closure of another financial year in the country, the world economy is reeling under a host of issues ranging from the slowdown that hit the market for more than a year to the coronavirus scare.

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.

Digital Transformation

Digitalisation and Internet of Things (IoT) are gaining popularity among the construction equipment users due to the growing need to improve the productivity, efficiency, and performance quality of equipment working at infrastructure project sites.

Accessing New Heights

The use of aerial work platforms in India is still to gather momentum, in spite of the growing construction and urban infrastructure development. Increased awareness on safety among the end-users and a growing rental market are expected to drive the market in future.

National Infrastructure Pipeline Gets Set to Flow

The Union Budget 2020-21 heralds the roadmap for investing Rs 103 trillion in the next five years.

Steering Growth

Growing urbanisation and mechanisation of manual jobs are driving the demand for compact equipment such as skid-steer loaders in India.

Digital Push in infra equipment

Construction equipment with digital and IoT technologies are driving smart planning and execution of projects in the country. This is expected to push the efficiency and productivity at project execution.

iQuippo launches upgraded financial portal

iQuippo, India?s first digital marketplace for infrastructure equipment, launched its upgraded financing portal (www.iquippo.com) and became the first digital platform in the country to digitise the co-lending programmes of banks and NBFCs.

We proactively pursue when it comes to adopting digital technologies

As a major player in heavy-duty mobile cranes market in India, TIL has consolidated its presence over the years.

Schwing Stetter launches 22 products at Excon

Schwing Stetter India unveiled 22 new products at the Excon 2019 in Bengaluru. With this new product line up, Schwing Stetter India aims to position itself as one of the most prominent infrastructure equipment partner in the country and an active participant across all government projects to be announced.

TECH-MOVES

With the government plans to invest Rs 102 trillion in infrastructure development in the next five years, the demand for construction equipment will be immense.

We will build on our Intelli series

In four decades of operations in India, JCB has grown to become a full-range construction infrastructure equipment partner offering indigenous, innovative and versatile solutions of One-Global-Quality.

We are a preferred automation partner for market leaders

B&R India has established seven offices in major cities of India and has expanded its Pune office space to match the growth.

We have a portfolio of advanced products

Equipment working at construction and mining sites are open to extreme conditions. Rupinder Paintal, Director of Market Development, ExxonMobil Lubricants, elaborates on the new generation lubricants that can enhance the efficiency of construction and mining equipment.

Srei Equipment, United Bank to jointly offer loans

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), partnered United Bank of India to jointly offer loans to MSME sector and retail customers under a co-lending arrangement.

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.

Making rapid strides

Being the third largest lubricant market in the world and the fastest growing market in the world, Indian lubricant market has made rapid strides in the market by introducing new products and solutions for the customers.

CRUSHING BARRIERS

Fragmented aggregate mining, as well as issues related to regulations and liquidity, are threatening the growth of the crushing and screening equipment segment in India.

iQuippo organises Paison Ki Nilami

Commenting on this occasion, Anant Raj Kanoria, CEO, iQuippo, said, ?We have noticed that in the market customers always want to negotiate pricing and interest rates and we through our platform want to digitise and make this process transparent

Mega training programme for equipment operators

Volvo Construction Equipment India organised an operator training-cum- Infrastructure Equipment Skill Council (IESC) certification programme in India for wheel loader and excavator operators.

We are mindful of modernising our capabilities

With four facilities for manufacturing hose assemblies, tube assemblies, hose fittings, adapters and fabricated parts Uniflex looks forward to further modernize and expand its facilities.

Srei, Oriental Bank of Commerce sign pact

Srei Equipment Finance and Oriental Bank of Commerce announced a strategic alliance to offer loans for purchase of equipment under a co-lending arrangement. iQuippo, a Kanoria Foundation initiative, will facilitate sourcing of loans under this program.

Transforming Skill Landscape

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

On Sustainable Growth

Devendra Kumar Vyas, Managing Director, Srei Equipment Finance, elaborates on the key factors that drive the growth and the emerging market trends in equipment finance.

REJIG for the big

Need for better infrastructure is always the top priority of any country. India is no different as the quest for superior infrastructure continues with many large-scale projects coming up.

Srei Equipment Finance and Bank of Baroda in strategic alliance

Srei Equipment Finance (SEFL), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and Bank of Baroda, India?s second largest public sector bank, announced a strategic alliance to offer joint loans for infrastructure equipment under a co-lending arrangement.

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.

We aim to double our top-line growth in four years

Premium Transmission provides high quality, precision-engineered power transmission products and solutions to the global engineering industry, catering to the needs of customers across the globe.

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.

Steer it up

In spite of the vast opportunities available, skid-steer loaders are still looking for a level-playing field in the Indian market.

Reaching out to infra needs

Government's high spending on infrastructure projects drives the demand for construction equipment while earthmoving equipment being the largest used equipment category leads the growth.

CE components market overview

The components, accessories and spares market is all set for a renewed growth in future in the light of increased construction activities.

Platform of innovations

Infrastructure sector including construction, mining and material handling segments continues to grow in India for the past few years with a host of positive measures from the government resulting in creation of more infrastructure projects.

CE finance outlook

Financing accounts for approximately 80-85 per cent of the total equipment purchased. In the case of overseas purchases, it accounts for approximately 90 per cent.

Bauma CONEXPO INDIA 2018

The fifth edition of bauma CONEXPO INDIA is expected to be bigger in number of exhibitors and exhibiting area, compared to last edition.

6th Annual Equipment India Awards 2018

The sixth Annual EQUIPMENT INDIA Awards 2018 recognised and rewarded the top performers of Indian construction equipment industry.

Innovation to drive the future

When it comes to construction and mining machinery, hydraulics is the major source of power to the heavy-duty operations at extreme conditions. The hydraulics industry is making major strides in the efficiency and performance of its products.

6th AnnuaL EQUIPMENT INDIA Awards 2018

The Annual EQUIPMENT INDIA Awards are here again. In its sixth edition, the Annual Awards to be held on October 25, 2018 in New Delhi, will honour the top performers of construction equipment industry.

Adding value to equipment life

Industrial lubricants play a major role in improving the operational efficiency productivity of an equipment. Currently, the demand is for thinner lubricants that provide longer oil drain intervals.

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.

Performance lubricants enhance productivity, profits

Construction and mining industries require lubrication solutions that are as durable as their equipment. In an exclusive interview, Deepankar Banerjee, CEO, ExxonMobil Lubricants advises how new generation lubricants can boost efficiency of heavy machinery and equipment.

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.

LabourNet partners with IESC to conduct training courses

On the occasion of the fourth ?World Youth Skills Day? on July 15, 2018, LabourNet, one of India?s leading social enterprises in skill development and enabling sustainable livelihoods, announced its future plans to further expand its focus on skilling youth in Karnataka.

Operator training is a necessity today

Wirtgen India revived its training school almost one-and-a-half years back to give training in its pavers range. Ramesh Palagiri, Managing Director & CEO, elaborates more on the company's views on skill development and the way forward.

L&T is leading in Skill India Mission

Skill improvement can never be over-emphasised. On one hand, the complexity of the job requirement is increasing and on the other, equipment are becoming more and more complex with the introduction of many operating modes, advent of mechatronics and Information and Communication Technology (ICT) tools.

We plan to increase the number of training centres

JCB has 15 operator training centres across India and trained about 25,000 people so far. Jasmeet Singh, Head - Corporate Communications and External Relations, JCB India, elaborates more on the importance of operator training and the company's initiatives.

An Uphill Road Ahead

Out of about nine lakh construction equipment operators in India, only9,000 operators are certified by Infrastructure Equipment Skill Council (IESC).

Capacities huffing and puffing

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.

High temperature and water resistant greases are need of the hour

The government is focusing more on developing infrastructure in India for the overall growth of Indian economy. Projects like smart cities and bullet trains require more of innovative technologies and equipment.

All set to meet infra growth demand

Aggressive infrastructural development is imperative to the overall economic welfare of a country. If the economy is likened to a wheel, its infrastructure sector is most certainly the central hub that supports all the other sectors in the form of spokes and keeps the wheel spinning smoothly and efficiently.

Technology to drive INFRA growth

Infrastructure 2.0 is a movement to address issues with today's core network infrastructure in a customer's construction site to address the dynamic, automated nature of operation models like cloud computing, data center visualisation, IoT and usage of drones to keep site operations safe, secure, highly productive and efficiently managed.

In the Limelight of Infra growth

Construction equipment today not only makes it easier to complete the project at hand, but also ensures the efficient use of labour, time and money. About 30-35 per cent of money involved in construction is dedicated towards procurement of good machinery and equipment.

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.

Operator Training: Need of the Hour

These are good times for construction equipment industry. Orders have gone up, thanks to a revival in the economy fuelled by government's affirmative actions to nurse the infra development sector back to health.

Machine Control Technologies

Monitoring and control technologies in infrastructure, construction and mining equipment has become one of the priorities in the industry these days as the government is pressing for quality and speed in project execution.

Budget 2018-19: Infrastructure, Rural Development key

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.

Backhoe Loaders: Back in Action

Backhoe loader is the front-runner among the infrastructure equipment used in the country with almost 50 per cent of the market share in number of unit.

EQUIPMENT INDIA Awards & CEO Forum 2018

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.

Infrastructure development continues to be key

In terms of demand volume, 2017 will be the peak year in India. The total market demand is high this year. We will cross more than 2,000 machine sales this year for the first time.

We are on track with our plans to build a new facility

Construction equipment use all types of transmission systems. These will include transmissions for traction of the construction equipment like wheel and track drives, in addition to transmissions that are used for operations like slewing, hoisting and other such critical functions.

We are on track with our plans to build a new facility

Construction equipment use all types of transmission systems. These will include transmissions for traction of the construction equipment like wheel and track drives, in addition to transmissions that are used for operations like slewing, hoisting and other such critical functions.

Excon is An ideal platform to connect with customers

Roads and Highways sector has been and continues to be one of the major drivers for the ECE industry. Other sectors such as Railways, Airports, Inland Waterways etc are also integral in driving the growth.

We are committed to going one step further this year

The construction equipment (CE) industry is continuously evolving through various innovations in application and product range. Change in technology creates new opportunities to manufacture a better product with improved ways of using it.

Wirtgen successfully trains slipform paver operators

The first two batches of 28 candidates successfully completed their training from Wirtgen Group?s facility to become qualified slipform paver operators.

Making rapid strides

Motor graders have seen unprecedented growth in the past couple of years, which is expected to continue in the coming years as well with road projects continue to grow.

Our ultimate aim is to bill one lakh customers a year

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.

Anand Sundaresan is new IESC Chairman

At the 11th governing body meeting of the Infrastructure Equipment Skill Council (IESC) held recently, Anand Sundaresan, Vice-Chairman and Managing Director, Schwing-Stetter India, was elected as the Chairman of the council, while Arvind Garg, Executive Vice-President and Head, Construction and Mining Machinery Business, Larsen & Toubro, was appointed as the Vice-Chairman.

Equipment Finance Sets to Outperform

Construction equipment market in India has evolved and become a major one in the global market place. With the evolution of the market, awareness about the various equipment class and their use, and above all, the construction and infrastructure development activities picking up momentum, the equipment finance market has opened up to all equipment categories.

Hydraulic Hose & Fittings and more...

Hydraulic hose and fittings has an important role in the smooth and efficient operation of a hydraulic equipment. A perfect hose and fitting combination helps in the fluid power transmission in a hydraulic system leak-free which aids the overall safety of the equipment.

JCB India opens new dealership facility in Kozhikode

JCB India and its dealer, Kadoor JCB inaugurated a new dealer facility in Kozhikode. Spread over 15,000 sq ft, this facility has been set up with an aim to provide a unique experience to JCB customers for all their equipment requirements related to Sales, Service and JCB Genuine Parts.