Initially during first quarter of FY2021 there was decline in sales of hydraulic excavators due to pandemic. During second quarter the sales have improved and subsequently, during third and fourth quarter the sales of crawler excavators has picked up and ended with a total sales growth of 8 per cent compared to previous FY2020.
The excavator market peaked in FY2018-19 following three years of sustained growth led by increased government focus and investment in the infrastructure sector.
Rahul Shorey, National Head (Construction), Tata Hitachi Construction Machinery Company, speaks on the opportunities and major challenges faced in the hydraulic excavator segment.
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
Factors such as demand for reliable electricity, which is growing across the world on account of industrial expansion and development of commercial infrastructure are driving the diesel power engine market.
The construction and infrastructure sectors are the cornerstone of the country’s growing economy. With enhanced government focus, these sectors are growing at a fast pace.
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.
HCC Concessions (HCON), the infrastructure development arm of HCC Group, concluded its conciliation with NHAI for all disputes concerning Baharampore-Farakka Highways Ltd (BFHL) and Farakka-Raiganj Highways Ltd (FRHL).
Sandeep Mathur, Brand Leader, CASE India, speaks on the current scenario of motor graders in India, and the upcoming digital technologies in motor graders.
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.
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 scope for the MAHSR - C4 package includes the construction of viaducts, stations, major river bridges, depots, and other auxiliary works.
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.
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
More than 95 per cent of ELGi’s portable air compressors are powering drilling operations. Rajesh Premchandran, Director – ISAAME (India, South Asia, Africa and Middle-East), Elgi Equipments, shares more.
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.
MB Crusher products are easy to move, install and service, which results in maximum uptime and consistent performance, irrespective of the site locations like quarries, mines or hilly terrain. Piero Guizzetti, CEO, MB Crusher India, shares more.
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?
Telangana’s IT and Industry Minister KT Rama Rao welcomed construction equipment companies to invest in the state for manufacturing construction equipment (CE).
With timely planning and execution, the government will be able to alleviate the current situation and lead the construction market on the road to recovery. Puneet Vidyarthi, Brand Leader, CASE India, CASE Construction Equipment, shares more on the market scenario.
Construction activities will normalise in the infrastructure sector in a couple of months with up to 80-90 per cent of operations, which is good enough to sustain in the present conditions.
Asphalt is regaining traction in the Indian road construction due to its better recyclability and the freedom to use waste materials like plastics along with asphalt mix. The future looks greener for asphalt mixing plants.
Tax concessions extended to sovereign and pension funds will go a long way in attracting long term financing solutions for infrastructure sector, says Sandeep Upadhyay, Managing Director ? Infrastructure, Centrum Capital.
Atlas Copco Power Technique provides air, power and flow solutions through products such as mobile compressors, pumps, light towers and generators, along with a number of complementary products.
In spite of the current slowdown, tyre market for off-highway applications is going to revive in the coming years due to an anticipated pick up in infrastructure developments in future.
A JV between Tata Motors (40 per cent) and Hitachi Construction Machinery Company (60 per cent), Tata Hitachi provides world-class construction equipment to address India's infrastructure and mining needs.
CASE Construction Equipment, a brand of CNH Industrial NV, is a leader in compactors and backhoe loaders and the first company to have sold over 13,000 units of vibratory tandem compactors.
Ajashy Engineering manufactures quality offshore and onshore cross country pipeline equipment, special attachments for construction equipment, diesel bowsers, lighting masts and mobile service vans in India.
A joint venture between Mitsubishi Heavy Industries Japan and VST Tillers Tractors established in July 2007, Mitsubishi Heavy Industries-VST Diesel Engines (MVDE) manufactures Mitsubishi diesel engines in Mysore and caters to the markets across the globe.
Confederation of Indian Industry (CII) will unveil the 10th edition of South Asia?s largest construction equipment (CE) trade fair Excon 2019 tomorrow in Bengaluru.
The festival, organised by FIRST Construction Council in New Delhi from October 15-16, successfully brought together the public and private sector to discuss probable resolutions to impediments faced by the infrastructure sector.
It is a fact that the industry is under tremendous pressure of economic slowdown. However, hopes are alive as the government is listening to the problems of the industry and working out resolutions for a faster recovery.
The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.
Choosing a tower crane is increasingly about safety and productivity features, as customers seek to lift more with less power, upgrade to a higher capacity economically, and safely use multiple cranes at space-constrained project sites.
The government's various initiatives on revival of infrastructure sector and favourable policies have driven the growth of Indian construction equipment market in the past 2-3 years.
Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance has consolidated the lending business of Srei Infrastructure Finance and Srei Equipment Finance into one entity since the focus for last four years has been on growing equipment financing and reducing the infrastructure loan portfolio.
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.
Attachments play an important role in maximising the utilisation of capital equipment. Anish Modak, General Manager, Fine Equipments India elaborates more on the importance, advantages, challenges and market opportunities.
Self-loading concrete mixer (SLCM) market is upbeat and the Argo model can be a panacea in the concrete life to many odd jobs of varied concreting applications.
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.
With the growing need for real-time monitoring and control of equipment fleet and operations, use of digital technologies in construction equipment operation and maintenance is gaining more traction in the current scenario.
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.
Rating agency ICRA estimates a stable outlook for the construction sector in India, supported with strong order inflow in the last couple of years and a huge pipeline of projects to be awarded in the infrastructure segment.
Ritchie Bros is one of the largest equipment platforms worldwide, transacting hundreds of thousands of items each year. Eduard Faig, Regional Sales Manager, Middle East, Africa and Asia Subcontinent, Ritchie Bros elaborates on the company's presence in the global market and its future plans for India.
The construction equipment rental market in India is still small as compared to the other equipment markets worldwide. Satin Sachdeva sheds light on the realities of the rental market in India and the steps needed for the development of the market.
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.
Cargo traffic at Indian ports is gradually growing. Containerisation and palletisation of cargo is on the rise, though there is still far more to go for us to have a sizeable share of containerised and palletised cargo in the global market.
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 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.
Tower crane market is now on revival path, which was going through a lull period till recently. Going forward, a steady growth of real estate market could see a further momentum in tower cranes.
We are the leading financiers in the construction, mining, and allied equipment (CME) sector in India for fiscal 2017 (Source: Feedback Analysis). This sector primarily consists of equipment used for earthmoving and mining, concreting, road building, material handling, material processing and allied activities.
The upswing in construction equipment market in the last two years has created new opportunities for equipment finance market. Leading finance players are keen on the growing trend of the infrastructure market in India that has helped the construction equipment market for a turnaround after a rough patch till 2016.
Rs 1.2 trillion investment in roads and highways; extension of 3.17 lakh km of rural roads; 35,000 km highway construction under Bharatmala Pariyojana scheme- it seems that there is a lot slated to happen in the coming years in rural roads and highways.
Nearly every business in construction sector is under increasing pressureto lower operating costs and increase efficiency. This often means doing more with fewer people and using equipment for longer duration.
Strong domestic demand generated by ongoing infrastructure development projects resulted in the construction equipment market rising to an all-time high of 72,197 units in 2011.