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RBI supersedes board of Srei Infra and Srei Equipment Finance

The central bank of India has appointed Rajneesh Sharma, the former Chief General Manager at Bank of Baroda, as administrator.

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.

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.

Tata Motors, CSC join hands to widen reach in rural India

Tata Motors, India’s largest commercial vehicle manufacturer, announced the signing of Memorandum of Understanding (MoU) with Common Service Centre Scheme (CSC) e-Governance Services India Limited, in a collaborative effort to bring Tata Motors commercial vehicles to rural customers, across India.

There is upsurge in demand for medium & high-capacity cranes”

The medium and heavy-duty mobile cranes market is progressing largely in India due to the growth in the construction industry of the country.

Achieve efficiency & profitability with right lubrication solution

The Indian steel industry had been expanding till March 2020 with its Purchasing Manager’s Index (PMI) over 50. However, the pandemic, subsequent lockdowns and supply-side constraints have deeply affected operations.

Covid-19 has expedited the transition from manual processes to automated systems”

The demands on controllers and sensors used in construction machines, municipal vehicles, agricultural and forestry machinery, port facilities and cranes are extremely high. Units and machines are permanently exposed to harsh environments like heat, cold, moisture, mud, dust, shocks and vibrations and often even thunder and lightning.

Grundfos launches SCALA1 to redefine domestic water boosting in India

The SCALA1 is an all-in-one pressure booster with high-efficiency motor and hydraulics with low noise operation. It is easy to install and serves as an energy efficient solution to address pressure boosting challenges at home.

L&T signs agreement to divest Singoli-Bhatwari hydroelectric project

Larsen & Toubro, announced the divestment of 100 per cent stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant owned by its subsidiary L&T Uttaranchal Hydropower (LTUHPL) to Renew Power Services, a wholly owned subsidiary of Renew Power. This is in line with the declared L&T focus of divesting non-core assets and improving shareholder value.

Tata Motors, CSC join hands to widen reach in rural India

Ministry of Electronics and IT’s wide network will enable ease in buying of commercial vehicles, under Digital India programme

Combilift’s 60,000th truck delivered

The Irish manufacturer Combilift recently marked a further milestone when its 60,000th unit came off the production lines at the company HQ in Monaghan and was shipped to the other side of the world.

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.

Komatsu and Honda to jointly build micro electric excavator

Komatsu and Honda have announced that they are working together on a micro electric excavator.

Combilift’s 60,000th truck delivered

The Irish manufacturer Combilift recently marked a further milestone when its 60,000th unit came off the production lines at the company HQ in Monaghan and was shipped to the other side of the world.

Tata Motors partners with J&K Bank to bring attractive financing options for its customers

The partnership will enable easy commercial vehicle financing at competitive interest rates and extended loan tenure

The recent MHE market demand is on the uptrend”

Pre-Covid Indian MHE market has shown double digit CAGR since 2014. In-spite of Covid-19 pandemic and business being at standstill for almost four months in 2020, we saw a fast-paced recovery since August 2020, and witnessed the highest ever MHE market in March 2021 and in Q1 2021 which was fuelled by growth in economic activities.

Eicher’s heavy-duty truck range focuses heavily on uptime

VE Commercial vehicles is known to offer a robust product portfolio in the heavy-duty range, starting from 18.5T to 55T and Pro 3019, Pro 6028T, Pro 6028TM, Pro 6048 and 8035XM are some of our best performing models in this segment.

Tata Motors bags order of 15 hydrogen-based fuel cell buses from Indian Oil

The buses will be used to evaluate the potential of developing hydrogen-based PEM fuel-cell technology in India

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”.

Atlas Copco introduces special Covid-19 financial aid scheme for deceased employees

The scheme is applicable to all Atlas Copco on-roll employees retrospectively from April 1, 2021.

We expect the market for hydraulic excavators to grow by 20%

The excavator market peaked in FY2018-19 following three years of sustained growth led by increased government focus and investment in the infrastructure sector.

Digging deeper

The government’s various initiatives on revival of the infrastructure sector and favourable policies have driven the growth of Indian hydraulic excavator market.

Rahul Shorey of Tata Hitachi: We are working on excavators meeting next-gen emission norms

Rahul Shorey, National Head (Construction), Tata Hitachi Construction Machinery Company, speaks on the opportunities and major challenges faced in the hydraulic excavator segment.

HIL announces Q4 and FY 2020-21 results

Consolidated EBITDA stood at Rs.114.8 crore despite strains faced due to second wave of COVID-19 in the domestic as well as the overseas market

Escorts' standalone profit up by 80.0% to Rs 874.1 cr

Escorts reported standalone profit of Rs 874.1 crore for the year ended March 31, 2021, up by 80.0%, as against a profit of Rs 485.5 crore in the previous year.

BEML privatisation moves into phase 2

In January this year, the Central Government had invited expressions of interest (EoI) for the strategic sale of 26 per cent stake in Bharat Earth-Movers (BEML).

One year of lockdown: Real estate sector beating pandemic blues

For many industries, this was a transformative year and one of them which underwent a turbulent change was the real estate sector.

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.

Volvo CE EC210D powering up east java quarry in Indonesia

Over the past decade, Indonesia has made huge leaps forward as it overhauls its infrastructure and with it demand for cement and minerals like gypsum and limestone have skyrocketed.

BEML privatisation moves into phase 2

Earlier, interested bidders were told to submit their EoIs on or before March 1. However, the Government recently extended the deadline for submitting preliminary bids till March 22.

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.

CE sector secures jobs in a difficult environment

Globally, sales of construction machinery fell by three per cent in 2020, but the Chinese market grew by 30 per cent, so the global market excluding China actually slowed by 17 per cent.

Delhi Mumbai expressway SPV gets ‘AAA’ rating

The National Highways Authority of India’s (NHAI) fully-owned special purpose vehicle (SPV), DME Developers (DMEL), has received AAA rating from CRISIL, CARE and India Ratings. The SPV is executing the Delhi-Mumbai expressway project.

Rising Tide

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

Mahindra offers India’s first one-stop solution for vehicle scrapping

The agreement with MMRPL will enable customers get a hassle free and transparent deal under one roof. Any customer intending to purchase a new Mahindra Vehicle by scrapping/exchanging the old vehicle which is more than 15 years can do so at any Mahindra dealership.

Volvo CE EC210D powering up east java quarry in Indonesia

A rental and general contractor company in Surabaya, East Java, already relies on some of the leading machines from Volvo Construction Equipment, as it excavates limestone to meet Indonesia’s infrastructure demands. But four new additions are taking the company’s work to the next level.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

Tata Motors, SBI join hands to offer financial solutions to CV customers

Tata Motors, India’s largest commercial vehicle manufacturer, has inked a three-year MoU with the State Bank of India (SBI), the country’s leading public sector bank, to offer unique financial assistance for the purchase of Tata Motors’ range of small and light commercial vehicles

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.

Mahindra’s farm equipment sector sells 29,817 units in India during March 2021

Domestic sales in March 2021 were at 29,817 units, as against 13,418 units during March 2020.

Srei forms Strategic Coordination Committee for raising fresh capital

The SCC will coordinate, negotiate and conclude discussions with potential strategic and/or private equity investors, to raise fresh capital for the business in consultation with the management.

Will cement demand grow post-pandemic?

Automation, digital transformation, new energy sources dominate discussion

Delhi Mumbai expressway SPV gets ‘AAA’ rating

The National Highways Authority of India’s fully owned Special Purpose Vehicle (SPV), DME Developers Ltd. (DMEL), has received AAA rating from CRISIL, CARE and India Rating.

Tata Motors unveils Ultra Sleek T-Series range of new-gen smart trucks

Available in three models – T.6, T.7 and T.9, the all-new Ultra Sleek range is available in varied deck lengths from 10 to 20 feet to adapt to all the required applications.

KARAM Industries commemorates National Safety Week 2021

KARAM Industries, India’s leading Personal Protective Equipment (PPE) manufacturing enterprise, is celebrating National Safety Week 2021. On this occasion, KARAM is organizing First Ever Virtual Demonstration and Live Interaction on 8th and 9th March 2021, which aims to raise awareness about safety measures that need to be undertaken to prevent accidents and mishaps.

Potain tower cranes deliver versatile performance to construction projects in China

Potain top-slewing cranes are helping to build a real estate development in Xiangshan and a chemical plant in Zhenhai

Dr Vibha Dhawan takes charge as Director General TERI

She takes over from Dr Ajay Mathur, consequent to his appointment as the Director General of the International Solar Alliance.

Ajax Engg gears up for Atmanirbharta

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.

Graders for the future

Motor graders are having their moments under the sun. Infrastructure projects are pushing up demand for these machines.

Italian CE market remains stable in 2020

During the 12 months of 2020, 16,962 construction equipment have been sold in the Italian market, with a stable trend compared to 2019 (+0.2 per cent). More in detail, earth-moving machines sold were 16,251 (0 per cent), and 711 were road machines (+15 per cent).

Italian CE market remains stable in 2020

During the 12 months of 2020, 16,962 construction equipment have been sold in the Italian market, with a stable trend compared to 2019 (+0.2 per cent). More in detail, earth-moving machines sold were 16,251 (0 per cent), and 711 were road machines (+15 per cent).

Ashok Leyland to reduce carbon footprint by 60%

Ashok Leyland, the flagship Company of the Hinduja Group and India’s leading commercial vehicle manufacturer, announced that it has increased the sourcing of clean energy to 60 per cent for its countrywide operations.

project44 acquires Ocean Insights

World’s leading ocean visibility solution joins forces with the largest over-the-road network to rede?ne the value of end-to-end supply chain visibility

CE sector secures jobs in a difficult environment

Last year, the industry turnover of construction machinery from German production was 10.5 billion euros. This corresponds to a minus of 17 per cent compared to the high level in 2019.

Prioritising ports

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.

Intelligent compaction!

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

Ajax Engg gears up for Atmanirbharta

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.

CE market to pick up in long term

After a 15 per cent drop in construction equipment demand to 83,470 units in 2019, some signs of recovery were visible at the beginning of 2020.

Ajax Engg gears up for Atmanirbharta

The leading SLCM manufacturer says it is investing Rs 140 crore to help in its plan to diversify its construction to roads, railways, energy, and irrigation.

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.

We provide more focus to training

Manoj Rawat, Country Manager - AWP, India & SAARC Region, Terex India, elaborates on the outlook on the Indian AWP market.

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.

Structural reforms in mining sector to realise its true potential: Pralhad Joshi

The proposed changes in mining sector to increase private sector participation

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.

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.

WOLFFKRAN Russia invests in skill development

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.

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

NHAI agrees to 25 suggestions made by NHBF to ease highway construction

NHAI has agreed to most of the suggestions made by the National Highways Builders Federation (NHBF) related to project delivery.

Auto component industry turnover down by 11.7 per cent in FY 2019-20

The turnover of the automotive component industry stood at Rs 3.49 lakh crore ($49.2 billion) for the period April 2019 to March 2020, registering a de-growth of 11.7 per cent over the previous year

The Manitowoc Company announces leadership transition

The Manitowoc Company has announced that Aaron H Ravenscroft, currently the company’s Executive Vice President of Cranes, has been appointed President and CEO

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.

There is a demand surge for crushers in the iron ore segment: Ranjit Ravindran

While the demand for newer machines is not that bullish the existing population of machines is fully optimised to undertake current developmental activities in mining and infrastructure. Ranjit Ravindran, Business Head – Mining, Voltas, shares more on the market dynamics.

Govt to auction 5 mineral blocks

The government will auction five mineral blocks in Gujarat and Karnataka having reserves of 667.2 million tonnes.

Revenue of road EPC companies to de-grow 8-10% this fiscal: CRISIL

Revenue of road-building EPC companies is expected to de-grow 8-10 per cent this fiscal with the COVID-19 pandemic-driven lockdowns severely curtailing activity

Financing Challenges

Devendra Kumar Vyas elaborates on the impact of COVID-19 pandemic on infrastructure and financing sector and the challenges faced by NBFCs.

We have a huge focus on Indian market

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.

Challenging Terrain

The hydraulic excavator market in India has been impacted by the slowdown after the onset of COVID-19 pandemic.

CE industry to de-grow in 2020

In the aftermath of the Covid-19 pandemic, the overall sales of construction equipment in the country in CY2020 are expected to diminish by 15-20 per cent.

Italian CE posts sales drop

In the first quarter of 2020, construction equipment sold on the Italian market were 2,701, with a drop of 15 per cent compared to same period of 2019

Highway construction yet to pick up: CRISIL

According to a CRISIL Research report, the highway construction in the country is yet to gather momentum in spite of the relaxation for construction sector across the country.

CE industry to de-grow in 2020

In the aftermath of the Covid-19 pandemic, the overall sales of construction equipment in the country in CY2020 are expected to diminish by 15-20 per cent.

HAI ROBOTICS launches autonomous case-handling system

HAI ROBOTICS announced the launch of two new HAIPICK robots

Highway construction yet to pick up: CRISIL

The highway construction in the country is yet to gather momentum in spite of the relaxation for construction sector in the country.

Biggest is the Best

Patel Infrastructure acquired the world's largest concrete paver from Wirtgen Group. The 18.75 m full paving width paver is currently working at the Vadodara-Kim Expressway project.

Apollo Tyres Kerala plant starts partial operations

Apollo Tyres announced that it has partially commenced manufacturing operations at its Perambra plant in Kerala from April 22.

Zoomlion performs well in 2019

Zoomlion has reported a 116.42 per cent increase in profit of RMB 4.371 billion ($616.18 million) for the year ending December 31, 2019, according to its annual report released on March 30, 2020.

Mecalac opens new facility to expand growth in North America

Mecalac has opened a new 14,000-sq ft facility in Norfolk, Massachusetts, to serve as the North American headquarters and further support the growth of the brand in this market.

Konecranes wins largest-ever reach stacker order

In March 2020, Konecranes won its largest-ever reach stacker contract, from a customer in Germany. The order for 39 reach stackers was won with Konecranes' distributor Richter F?rdertechnik GmbH & Co. KG. Deliveries are scheduled to begin in Q3 2020 and run until Q1 2021.

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.

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.

CE industry to de-grow by 15-20 per cent in CY2020

The Indian construction industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting the construction activity.

CE industry to de-grow by 15-20 per cent in CY2020

The Indian construction industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting the construction activity.

Mecalac opens new facility to expand growth in North America

Mecalac, a global leader in the design, manufacture and distribution of compact construction equipment for urban environments, has opened a new 14,000-sq ft facility in Norfolk, Massachusetts, to serve as the North American headquarters and further support the growth of the brand in this market.

Tata Motors extends supporting measures to customers worldwide

In the wake of the COVID-19 pandemic, Tata Motors has extended the warranty for its commercial vehicles customers worldwide.

Zoomlion delivers best operating performance in 2019

Zoomlion Heavy Industry Science & Technology Co (Zoomlion) has reported a 116.42 per cent increase in profit of RMB 4.371 billion ($616.18 million) for the year ending December 31, 2019, according to its annual report released on March 30, 2020.

Zoomlion launches 'Cloud Marketing' initiative

Zoomlion Heavy Industry Science and Technology Co has taken its offline marketing online with the launch of a new "Cloud Marketing" model in response to the coronavirus outbreak world over.

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.