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Escorts Kubota Q1 profit at Rs 147.5 cr

Construction equipment volumes up by 59.4% at 966 units

Schwing Stetter unveils premium mini excavators in Kerala

All the models are embedded with the latest technology. Some of the other amenities that the machines have are boom deflection, Zero tail, modern canopy and AC cabin, for fatigue free operation of the operator, as well as built in Self Diagnostic modules for easy service and maintenance.

Terex First All-Electric Bucket Truck

The most technologically advanced Terex bucket truck will start shipping out to customers in June. The Terex EV Aerial, an all-electric bucket truck on a Class 6-7 medium-duty chassis, will make its formal debut at the Electric Utility Fleet Managers Conference June 5-8 in Williamsburg, Virginia.

Bringing biodiesel on the market

Fuel costs and India’s reliance on foreign fuel sources are a constant concern for many construction owners whose businesses are heavily dependent on machinery that requires diesel. Many alternate energy sources have been discussed, researched, and used in the past but, for equipment, the primary form of alternate fuel has become biodiesel.

KAS Crane Hire renews fleet with UK’s first Grove GMK3060L-1

North Devon-based mobile crane rental company KAS Crane Hire took delivery of the UK’s first GMK3060L-1 all-terrain crane with the next generation of Grove carrier cab in June 2021.

Christophe Sanchez replaces Martin Schickel as Director General of Liebherr-France

Liebherr-France SAS will have a new commercial director from 1 November 2021. Christophe Sanchez is succeeding Martin Schickel at the helm of the historic Liebherr site in France. Liebherr-France SAS, founded 60 years ago, is responsible, among other things, for the development and production of the group's crawler excavators in Colmar.

Success Story: Successful steel operations with superior lubrication solutions

The backbone of industrial operations, India’s steel industry is among the largest in the world. According to estimates by India Brand Equity Foundation (IBEF), the country produced the second highest amount of crude steel in June 2021, and is expected to witness further growth in the days to come.

Christophe Sanchez replaces Martin Schickel as Director General of Liebherr-France

Liebherr-France SAS, founded 60 years ago, is responsible, among other things, for the development and production of the group's crawler excavators in Colmar.

BKT inaugurates its new production plant in Waluj

Trial production has started at BKT's new state-of the-art site in Waluj, Maharashtra. Result of a $ 56 million investment, its annual production capacity is around 30,000 MT of Off-Highway tyres.

LetsTransport to augment fleet with 1,000 electric vehicles

In a bid to drive sustainable growth of intra-city and last mile logistics, LetsTransport, one of India’s fastest growing tech logistics companies, will augment its electric vehicle (EV) fleet on its platform to 1,000 by June 2022.

LetsTransport plans to augment fleet with 1,000 electric vehicles to drive sustainable growth

In a bid to drive sustainable growth of intra-city and last mile logistics, LetsTransport, one of India’s fastest growing tech logistics companies, will augment its electric vehicle (EV) fleet on its platform to 1,000 by June 2022.

Japan's Kubota may raise stake in Escorts

Japanese agriculture and heavy equipment firm Kubota Corp is in talks with the Nanda family - promoters of India's Escorts to increase its stake and eventually become a controlling shareholder in the tractor maker and engineering construction company, said people aware of the matter.

Construction sector: A huge contributor to country's development initiatives

Construction was among the significantly impacted industries due to Covi-19 and sales of construction equipment also fell globally, writes Gagan Pal.

BKT inaugurates its new production plant in Waluj

The pandemic has not stopped the new BKT project, which was realized in complete safety with a total investment of $ 56 million.

Construction sector: A huge contributor to country's fast-paced development initiatives

Authored by Gagan Pal, Vice President- Sales & Marketing, Honda India Power Products Ltd.

LetsTransport plans to augment fleet with 1,000 electric vehicles to drive sustainable growth

Having already commenced EV-led operations in Delhi-NCR, Hyderabad, Bangalore and Mumbai, LetsTransport will introduce EVs to its fleet in Chennai, Pune and Kolkata.

Volvo excavators promote safety & efficiency on Singapore demolition site

The Singapore-based demolition contractor, founded in 1987, is responsible for the deconstructing the towers from the top down, breaking up the building foundations and removing the demolished material from the site.

Escorts Q1 results FY22: Net profit at 185.2 cr

Tractor manufacturing major Escorts recorded a two-fold jump in net profit during the quarter ended June 2021. The firm posted a 101 per cent increase in standalone net profit at Rs 185.2 crore against Rs 92.2 crore in the previous year.

Cummins India profit at Rs 171 cr Q1 2021-22

• Total sales for the quarter at Rs 1,167 crore increased by 141% compared to the same quarter last year and declined by 5% compared to the preceding quarter.

Volvo excavators promote safety & efficiency on Singapore demolition site

In Singapore, demolition contractor Beng Siew Construction Pte Ltd is using a fleet of Volvo excavators to safely and efficiently demolish commercial buildings in the Tanjong Pagar area, clearing the way for a new commercial development, including a basement carpark.

Escorts Q1 results FY22: Net profit at 185.2 cr

Tractor manufacturing major Escorts recorded a two-fold jump in net profit during the quarter ended June 2021.

CIL signs agreement to purchase Russian shovels at Rs 1,462 cr

Coal India Ltd (CIL) told the media that it had inked a pact for purchasing 11 Russian electric rope shovels of about Rs 1,462 crore.

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 ended 30 June 2021, registering a y-o-y growth of 38 per cent, attributed to healthy execution of projects despite the second wave of Covid-19 affecting operations at many locations.

Market to bounce back

The Covid-19 pandemic has hugely impacted the global air compressor market in a negative way. However, the market is expected to recover by Q1/Q2 of 2023.

Tech Drives Backhoes

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

SKF declares financial results for Q1 FY22

The Board of Directors of SKF India, India’s leading technology and solutions provider of bearings and units, seals, lubrication, condition monitoring and services, approved the unaudited financial results for the first quarter ended June 30, 2021.

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

SKF India declares its financial results for Q1 FY22

The revenue from operations of the Company for the period was at Rs 6935.3 million as compared to Rs 3012.4 million in the previous year.

CIL signs agreement to purchase Russian shovels at Rs 1,462 cr

Coal India Ltd (CIL) told the media that it had inked a pact for purchasing 11 Russian electric rope shovels of about Rs 1,462 crore.

ABB’s Dodge Bearings & Power Transmission announces move to Bridgeway Station

Hughes Investments Inc. announced June 25 Dodge Bearings and Power Transmission, a division of global technology company ABB, will relocate its headquarters to a 75,000-square-foot building to the growing BridgeWay Station development in Mauldin.

Video Roundtable: Emerging trends in warehousing & importance of MHE

Industrial Products Finder (IPF) and Equipment India (EI), along with Kelley Material Handling Equipment India as the Associate Partner, hosted a video roundtable – titled “Emerging trends in warehousing and importance of MHE”.

The all-rounder

Integration of advanced technologies such as telematics and fleet management systems are providing a positive outlook to the market for telehandlers.

CASE announces 60-day extension of warranty on all CE

CASE Construction Equipment announced a 60-day warranty extension on all construction equipment in light of the second wave of the COVID 19 pandemic in the country. This extension is applicable on all such units whose warranty is expiring between May 1, 2021 and June 30, 2021.

Volvo & BBMP set up a 100-bed Covid care centre in Bengaluru

The facility will commence operations in two phases. The phase I (comprising 40 beds) fully sponsored by Volvo Group and supported by another Swedish major IKEA India, was inaugurated recently, by the Honourable Chief Minister BS Yediyurappa

Schwing Stetter India joins the fight against Covid-19

Schwing Stetter India, one of the largest manufacturers of concreting and construction equipment’s across the country, announced that it has converted a floor in one of its existing building of its factories – F75 unit in Sri Perumbadur into a Covid care centre.

Beating Covid-19

The second wave of Covid-19 pandemic brought us to a complete standstill. However, several companies have rose to the occasion and have come forward to help hospitals treating Covid-19 patients by supplying medical oxygen.

Opportunities in bulk for cement

As per estimates of total projects to be sanctioned and those upcoming and under construction across sectors, the hope is to see better days ahead—quantitatively and qualitatively—for the cement industry.

YoY demand for concrete equipment will be at 20-25% in today’s scenario

Incorporated in June 1998, and commencing its manufacturing operations in 1999, Schwing Stetter India is a 100 per cent subsidiary of Schwing GmbH, a $1.30 billion German concreting machinery manufacturer and a part of XCMG group.

Rural economy driving demand

Boosting economic growth is currently a major challenge for the government to achieve its dream of making India a $5-trillion economy by 2024, writes Samir Bansal of Off-Highway Research.

Bharat Road Network, Cube Highways sign deal for sale of 126-km road project in UP

BRNL along with its partners inks deal for complete transfer of ownership in an operating toll road project from Ghaziabad to Aligarh on National Highway 34

All about vehicle scrappage policy!

CARE Ratings scrutinises the vehicle scrappage policy, which was unveiled by Road Minister Nitin Gadkar in the Lok Sabha recently.

Lintec asphalt plant keeps essential projects on track in Ningbo

With its impressive output of up to 320 t/h, a Lintec CSM4000HS20-SE asphalt batching plant has helped a major Chinese contractor meet the pressing demands of several prestigious projects over the past 18 months.

Marc Llistosella is new CEO & MD of Tata Motors

Tata Motors announced that Marc Llistosella has been appointed to the role of Chief Executive Officer and Managing Director of the company effective 1st July 2021.

Innovation has been cornerstone of JCB’s operations

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.

Intelligent compaction!

Intelligent compaction rollers are equipped with technology that processes compaction data in real time for the roller operator.

New Bobcat partnership points to future autonomous machines

With an eye toward developing radar sensor systems, Doosan Bobcat North America says it has formed a strategic equity investment with Lawrence, Kansas-based Ainstein AI, a startup radar technologies company.

Mahindra Group appoints Manoj Bhat as group CFO

Mahindra Group appoints Manoj Bhat as group CFO

Indian CE market to regain growth

Samir Bansal of Off-Highway Research writes on the market and sales scenario of Indian construction equipment market.

2021 will be a year of challenges and consolidations

Souma Ray, Director, Haulotte India shares his thoughts on the AWP market outlook and the company’s activities.

CE industry: On the road to recovery

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.

Tipper trucks market gearing up

Revival in mining and gradually picking up construction activities are expected to bring back the demand in the coming months.

The M&HCV tipper trucks segment continues to look positive

RT Wasan, Vice President, Product Line, M&HCV, Tata Motors, elaborates on the company strategy in the Covid-impacted market scenario.

Mining opportunities and challenges

Ritabrata Ghosh, Associate Head, Corporate Sector Ratings, ICRA writes on the mining scenario in India.

MCE market to witness volume growth in CY2021

Roads and highway projects and rural development to drive growth.

ICRA predicts construction equipment volume growth in CY2021

Central Government projects in roads and rural development will drive demand

Elgi equipments posts sales growth in Q2

Consolidated sales for the quarter was Rs 4.80 billion as against Rs 4.45 billion in the corresponding quarter in 2019-2020.

Next year will be the best for construction industry

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.

Road Equipment: Road to Recovery

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.

Backhoe Loaders Bouncing Back

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.

Tower Cranes in Tough Times

: 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.

Ammann India becomes 100% subsidiary of Ammann Group Switzerland

Ammann Group Switzerland has announced that effective June 19, 2020, Ammann India has become a 100 per cent owned subsidiary of the Group.

Pre-owned Equipment Market to Excel

The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.

Used Equipment Market to Flourish

The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.

Mahindra’s tractor sales post 28 per cent growth in July 2020

Mahindra & Mahindra’s Farm Equipment Sector (FES) announced its tractor sales numbers for July 2020.

Safeguarding the industry

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.

Mobile Compressors: Staying Powerful

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.

India will be a high growth market: Vivek Hajela

L&T has fully conceptualised, designed, developed and manufactured in-house wheel loaders with more than 90 per cent components sourced domestically. Vivek Hajela, General Manager and Head - Construction Equipment Business, Larsen & Toubro, shares more on the market scenario and outlook.

German group orders 17 new Grove all-terrain cranes

Germany’s MAXIKraft Group has placed a major order with Manitowoc for 17 new Grove all-terrain cranes, the first six of which were delivered at the end of June

Messe Düsseldorf President & CEO retires

After almost 17 years as a President & CEO – and serving the company for about 34 years – Werner M Dornscheidt retired from his office on June 30, 2020. “Trade fairs are my life,” said the outgoing CEO. “What we have built up together with my team over all those years benefits the company today.

Goodyear India appoints new Managing Director

Goodyear announced the appointment of Sandeep Mahajan as the Managing Director of India operations with effect from June 1, 2020 for a period of five years or up to the date of superannuation or retirement.

Sarens Canada strengthens fleet

Sarens Canada added three National Crane boom trucks to its fleet, further strengthening its repertoire of dependable, durable truck-mounted cranes that serve Canada and beyond.

Can Mobile Cranes Lift the Mood?

Mobile cranes in India have transformed into safer and productive with changing design and new features to meet the upcoming demands from the user market. In the current scenario, can these developments in mobile cranes lift the market sentiments?

German Machinery Exports to India

VDMA India conducted the VDMA Business Climate Survey to analyse the impact of COVID-19 on the German Mechanical Engineering industry in India.

Hy-Brid Lifts’ PS-1930 non-folding rails

Superior Rents, a Missouri-based construction equipment rental centre, sees customer success with the non-folding rails of Hy-Brid Lifts’ PS-1930

Sarens Canada strengthens fleet

Sarens Canada just added three National Crane boom trucks to its fleet, further strengthening its repertoire of dependable, durable truck-mounted cranes that serve Canada and beyond.

Messe Düsseldorf President & CEO retires

After almost 17 years as a President & CEO – and serving the company for about 34 years – Werner M Dornscheidt will now resign from his office on June 30, 2020

Mahindra launches Sarpanch Plus tractor series in Maharashtra

Mahindra’s Farm Equipment Sector recently introduced its new Sarpanch Plus range of tractors in Maharashtra, the 575 Sarpanch Plus, an upgrade of its popular 575 Sarpanch

Goodyear India appoints new MD

Goodyear announced the appointment of Sandeep Mahajan as the Managing Director of India operations with effect from June 1, 2020

New Opportunities

Upcoming infrastructure projects in metro rail, bridges, railway and irrigation are going to drive the demand for foundation equipment in the coming years, writes Karan Chechi.

Building confidence

The coronavirus pandemic has created an unprecedented situation in the construction sector. Once back on track after the lockdown, government will have to take some concrete steps to support the industry and economy.

AJAX is all set to bounce back with resilience

To set the ball rolling, AJAX has become more resilient, adaptive and competitive like ever in this complex and uncertain period of pandemic with resilience and resourcefulness, says Debasis Bhattacharya, Head - Marketing, Sales & Product Support, AJAX Engineering.

VECV resumes manufacturing operations in seven plants

VE Commercial Vehicles (VECV) announced the resumption of manufacturing operations in seven of its plants in the country.

VECV resumes manufacturing operations in seven plants

VE Commercial Vehicles (VECV) announced the resumption of manufacturing operations in seven of its plants in the country.

Flender Group appoints new CEO

Flender Group will have a new CEO. As of April 1, 2020, Andreas Evertz will be appointed as additional Managing Director and will succeed retiring Stefan Tenbrock as CEO effective June 1, 2020.

Indo-German Engineering Trade in 2019

India is the second-largest sales market in Asia for the German engineering industry.

Flender Group appoints new CEO

Flender Group, part of Siemens AG Portfolio Companies, will have a new CEO. As of April 1, 2020, Andreas Evertz will be appointed as additional Managing Director and will succeed retiring Stefan Tenbrock as CEO effective June 1, 2020.

Eicher launches its BS-VI solution

VE Commercial Vehicles Limited, (VECV) unveiled its entire BS-VI range of trucks and buses across 4.9-55T tagged with Eicher?s innovative BSVI solution - EUTECH6.

Infrastructure push drives CE demand

With the government is pushing for more infrastructure development in the country, construction equipment market will see demand growth in future.

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.

New President & CEO and MD at Messe D?sseldorf

At the shareholders? meeting of Messe D?sseldorf GmbH, presided over by the Chairman, Lord Mayor Thomas Geisel, appointed Wolfram N Diener as the new President and Chief Executive Officer and Erhard Wienkamp as the new Managing Director Operative Trade Fair Business.

Grove RT cranes deliver smooth lifts at Middle East oil fields

Obaid Kneish and Sons General Transport Establishment (Obaid Kneish and Sons) is successfully using three Grove GRT8100 rough terrain cranes for lifting operations at oil fields in the Middle East.

Our objective is to focus on precision manufacturing

Started operations a year back, RS India plans to partner with various manufacturers and Indian companies to offer solutions in precision manufacturing.

fpsi conference on fluid power industry

The series of FPSI meetings held in Bengaluru for the fluid power fraternity comprising hydraulic, pneumatic and mechatronic industries, discussed and deliberated the key market trends and industry initiatives.

Delhi airport starts Rs 98 bn expansion

Delhi airport will spend Rs 98 billion till June 2022 for the expansion of the existing infrastructure.

Terex India strengthens service network and aftermarket support

Terex has reinforced its commitment to building an industry-leading aftermarket service network in India through the expansion of its Customer and Product Support Team, a new aftermarket facility, and continued roll out of its informative operator training program.

Zoomlion to showcase ?Africa-ready? equipment

Zoomlion Heavy Industry Science & Technology Co is exhibiting at the first China-Africa Economic and Trade Expo that will be held from June 27 to 29 in Changsha, Hunan Province, China, highlighting nine agricultural and construction equipment products.

Rolls-Royce to showcase EU Stage V MTU engines at bauma

Rolls-Royce, MTU engines , Construction, Equipment, Machinery, bauma, SCR system, Daimler commercial vehicle engines, Tadano, Hidromek, Kato, Manitowoc, Bomag, Bell, Hyster

Tata-Siemens consortium wins bid for the Pune metro project

The consortium of TRIL Urban Transport (a Tata Group Company), and Siemens Project Ventures GmbH (subsidiary of Siemens Financial Services), has been awarded the contract by the Pune Metropolitan Region Development Authority to develop the metro corridor from Hinjewadi to Shivajinagar.

Ports of Opportunities

Capacity expansion plans at Indian ports is giving a renewed hope for port equipment players. Many port operators are acquiring new equipment as part of modernisation and expansion of handling capacities at these ports.

Srei reports steep profit growth in Q1

Srei Infrastructure Finance (Srei) has reported a consolidated profit after tax (PAT) of Rs 139.55 crore during the quarter ended June 30, 2018 as compared to Rs 65.15 crore during the corresponding quarter of 2017.