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.
The market size of the foundation equipment is estimated to see a drop this year. However, from the second half of 2021 till next 3-4 years, it is likely to grow substantially.
Developing new ports and terminals and the revival of old infrastructure at major ports in the country are expected to open up new opportunities for port equipment companies.
Starting October 2019, Putzmeister and Sany are combining forces to bring customers enhanced concrete solutions and improved after-sales coverage in India.
Optimum utilisation of excavators is of utmost importance for the economic operation of the machine. All hydraulic excavator OEMs have introduced matching technologies for the optimum performance of their machines.
The good news is here! India notched the 77th rank in the World Bank's Ease of Doing Business, jumping 23 places up from last year. The report also recognises India as one of the top 10 reformers among 190 countries.
Deepak Garg, CEO of SANY Heavy Industry India, was honoured with the Distinguished Alumnus Young Achiever?s Award at the XLRI?s Annual Homecoming 2017, the two-day alumni meet held recently in Jamshedpur. More than 250 former students from 1972, 1973 and 1977 batches came from different parts of the country to walk down the memory lane.
Sanjay Saxena, Vice President, Heavy Equipment Business Unit, Sany Heavy Industry India Pvt Ltd, elaborates on the company's presence in Indian market and future plans.
The government's increased focus on port infrastructure and through budget and Sagar Mala programme has opened new growth avenues for port equipment industry and is looking forward to a brighter future in India.
Driven by the infrastructure development activities in the country, hydraulic excavators recorded a sharp growth in 2016 compared to the previous year. The positive trend is continuing this year also with a 26 per cent growth in the first four months.
Sany has made its presence felt in Indian construction equipment market with its quality range of equipment. Be it excavators, cranes, or concrete equipment, Sany has created a niche market in India. In its 15 years of service to Indian market, Sany has become the market leader in crane business.
Increasing investments and cargo traffic point to a healthy outlook for India?s ports sector. Cargo traffic, which was 976 million metric tonne (mmt) in 2012, is expected to reach 1,758 mmt by 2017.
The construction equipment industry is experiencing a slump due to the slowdown in the mining industry as well as delays in infrastructure projects and governmental clearances, shortage of funds, environmental concerns. EQUIPMENT INDIA interacts with some of the major players to get the pulse of the industry.
Sany is always a customer-oriented organisation and we can proudly say that our machine is the best in industry in terms of quality, technology, reliability, quick response, faster diagnosis, higher productivity, more fuel efficiency,
Sany India?s crawler crane production plant, located at Chakan, Pune, has been set up with the vision of catering the growing needs of cranes in the Indian market.
Here go the predictions. The potential demand for concrete equipment in India over the next few years will be quite substantial and the RMC industry will witness a steady growth; the conversion factor for cement to RMC will soon exceed ten per cent.
Out of $ 2.3 billion construction equipment sold in India, just seven per cent is sold to rental companies, which is low compared to the global average of 50 per cent; in China, it is approximately 35 per cent, in USA 65 per cent and in Japan, it is 80 per cent.
It?s the dark horse segment. Consider the figures: the crawler crane market constitutes just three per cent of the total mobile cranes sales in India whereas the pick-n-carry cranes control the major chunk, 93 per cent of the total sales.