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$5.13 Bn Opportunity!

Growing at a CAGR of 9.4 per cent, the Indian backhoe loader market is likely to touch $5.13 billion from $1.77 billion in 2021.

Escorts Limited is now Escorts Kubota

Escorts and Kubota Corporation, Japan have decided to strengthen their partnership aligned to their vision of global leadership in farm mechanization and spreading farming prosperity.

Chennai MRTS and Metro Rail have been merged by Indian Railways

Due to massive losses and a lack of cooperation between the two administrations the Southern Railway of Indian Railways (IR) has given its in-principle approval for a long-awaited merger proposal of the Chennai Mass Rapid Transit System with Chennai Metro Rail.

Railways approves Rs 8.34 cr Hyperloop Tech project with IIT Madras

Minister of Railways Communications Electronics & IT Ashwini Vaishnaw sanctioned an Rs 8.34 crore collaborative initiative on Hyperloop Technology proposing a high-speed transportation system with the Indian Institute of Technology (IIT) Madras.

3i Expo gets an arousing response from manufacturing industry

3i EXPO & Conference— hosted by Industrial Products Finder (IPF) from May 20-21, 2022 in Mumbai—received an arousing response from the Indian manufacturing sectors with senior representatives from some of the leading companies like Emerson, Godrej & Boyce, Aditya Birla Group, Reliance Industries, Mitsubishi Electric, etc visiting the event.

Crushing Need: Energy-Efficiency

Environmental and energy-cost issues make it vital for the crusher and screening equipment industry to focus on energy-efficient machines.

3i EXPO & Conference gets a rousing response from the manufacturing industry; IPF presents awards to 19 SMEs from across India

3i EXPO & Conference gets an arousing response from manufacturing industry; IPF presents awards to 19 SMEs from across India

We will be launching track mounted compact range of crushing & screening machines

Excon is one of the largest construction equipment trade fairs and has been playing an important role in bringing out the latest technologies and solutions and we at Terex are proud to be a part of the 11th edition taking place this year

Overall, the market scenario in India looks promising

Excon has always been a confluence of construction equipment ecosystem members like equipment and component manufacturers, customers, financiers, equipment dealers and policy makers.

The market scenario in India looks promising

Dheeraj Panda Chief Operating Officer (Sales, Marketing and Customer Support) Sany Heavy Industry India.

Rise in steel and commodity prices has increased input cost

Anand Sundaresan Managing Director, Ammann India

What’s Ahead in CE Manufacturing Sector

The article is authored by Himanshu Sharma, Head – Marketing & Corporate Communication, B&R Industrial Automation.

Chasing Growth!

Despite rising input costs and transition to CEV stage-IV engines, the CE market is expecting a growth of over 11 per cent in 2022-23.

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.

Poised for growth

With the mining segment getting government support in a big way, the truck and tipper segment will witness growing demand in the days to come.

Infra growth to boost filter demand

The Indian filtration equipment market is expected to grow at a steady pace despite tough market conditions.

Afcons creates milestones in J&K!

A major milestone was achieved on the Udhampur Srinagar Baramulla rail link project (USBRL) on February 15, 2022, with the breakthrough of tunnel T49 between Sumber and Arpinchala Stations on the ongoing Katra-Banihal section

NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

At L&T, customer centricity has been at the core of all activities

At L&T, customer centricity has been at the core of all activities and decisions. With our credo ‘In Service lies Success’, we have continuously provided superior value delivery to customers both in terms of the latest technology and superior performance products aided by unmatched after-sales support.

CE companies are making strides toward sustainability

Customer centricity being the fulcrum, Doosan Bobcat India introduced B900 CEV stage IV backhoe loaders for the Indian market in 2021.

We have embraced digital transformation

Customer experience is the most important part of doing business. It involves optimising every customer touchpoint, be it pre-sales, point of sales, or post-sales to always ensure customer satisfaction.

Towering Ahead!

The rapid expansion of the real-estate sector and the emergence of high-end infrastructure projects are driving the demand for tower cranes.

On the Move!

The market for mobile cranes is on the move driven by low-rise residential, commercial, and industrial building construction activity in urban areas.

Kerala Infra Fund Board approves Rs 2,134.5 cr for tunnel project

Kerala Infrastructure Investment Fund Board (KIIFB) has approved the allotment of Rs 2,134.5 crore for the tunnel road project, an alternative to the busy Thamarassery Ghat Pass that would link Kozhikode and Wayanad districts.

CCI approves Kubota Corporation's acquisition of equity in Escorts

The Competition Commission of India (CCI), the fair-trade regulator, approved Kubota Corporation's acquisition of certain additional equity in Escorts Limited.

Budget 2022 and a big infra push

The union budget can be termed as a growth-oriented one, with the government focusing strongly on world-class infrastructure development.

Make in Steel 2022

The fifth edition of Make in Steel Conference and Awards 2022, with the theme “Gearing up for sustainable steel in India”, offered three interactive panel discussions and thought-provoking industry keynotes.

Upgrading Technology

Commonly used to construct and maintain gravel and dirt roads, motor graders have also prepared building foundations and drainage ditches, making them popular with government agencies and contractors.

CCI approves Kubota Corporation's acquisition of equity in Escorts

The Competition Commission of India (CCI), the fair trade regulator, approved Kubota Corporation's acquisition of certain additional equity in Escorts.

Paving the way ahead

While recent times may have been tough on construction equipment manufacturers, the compactor market is still brimming with optimism.

Battery vehicles are now trending in the market

Today India is one of the fastest-growing economies – power consumption and steel are prime indicators of growth, and are having a northward trend hence the demand for minerals and metals both are growing in India.

There is no defined market for telehandlers in any industry

In light of the plans of infrastructure creation and reforms in mining, what opportunities do you foresee for construction equipment? Opportunities for construction equipment like telehandlers in the mining industry are from the very first day of the mining – from mine formation/construction/ infrastructure maintenance/operational duties and up to mining machinery maintenance. The different attachments make the difference. One single machine (telehandler with some common mining attachments like fork, basket, tyre handler hook, etc.) can replace and reduce the workshop gathering of different machines for different jobs.

Companies all over the world are turning to digital integration to increase efficiency in the mining process.

In recent years, mining companies have adopted a growing range of digital solutions. Many have mechanised their operations, moved from the physical to the digital realm by adding equipment sensors.

Budget 2022: Increased capex outlay for infrastructure development to drive demand for CE

The industry also welcomed the government’s efforts to mitigate the financial challenges of the MSME sector.

Liebherr launches 3 new wheel loaders

Increasing the tip load, bucket sizes and engine power are some of the most important innovations

L&T bags contracts for heavy civil infrastructure biz

The construction arm of L&T has secured an order from esteemed National High Speed Rail Corporation (NHSRCL) to design and construct Package No. – MAHSR-C-5 of the Mumbai Ahmedabad High Speed Rail Project.

What new construction equipment will 2022 bring?

The outlook on India’s construction equipment sector is optimistic since the country’s needs for infrastructure will continue to grow massively.

OTR tyre market has bright prospect

India OTR tyre market stood at 11.2 million units in 2021 and forecasted to reach 15 million units by 2023. The market is likely to grow at a CAGR of 9.05 per cent in volume terms.

Innovation & Indigenization has been a way of life at AJAX

“Innovation & Indigenization has been a way of life at AJAX, and we are proud to be a self-reliant Indian company for almost three decades” – Ajay Aneja, Chief Marketing Officer

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.

Concrete proof

Growth is round the corner for concrete equipment as market is projected to cross $1,300 million by 2024, exhibiting a CAGR of 13 per cent because of anticipated growth in the construction industry.

Karan Chechi, Director, TechSci Research, speaks on major demand drivers in medium and heavy-duty mobile cranes market.

Karan Chechi, Director, TechSci Research, speaks on major demand drivers in medium and heavy-duty mobile cranes market.

Schaeffler wins Railsponsible Supplier Award 2021

Schaeffler, the world’s leading automotive and industrial supplier, has received the Railsponsible Supplier Award 2021 in the “Climate Change and Circular Economy” category for its 100 percent return service for axlebox bearings.

Toshiba honoured at Good Design Award 2021

Toshiba Group clinched two awards at Japan’s Good Design Award 2021, the annual awards sponsored by the Japan Institute of Design Promotion to honour good design and product quality.

Growing at a steady pace

The Indian filtration equipment market is expected to grow at a steady pace despite tough market conditions

Toshiba honoured with two accolades at Good Design Award 2021

The award-winning products are the traction energy storage system for railway with SCiB™ and the HAORI inverter air conditioner.

APCO, DRAIPL, HG Infra bag honours as fastest growing construction companies

The companies were awarded at the 19th CONSTRUCTION WORLD Annual Awards.

AJAX Engineering plays an important role in building modern India by truly being an Atmanirbhar Bharat company.

“With our indigenously manufactured product portfolio and engineering expertise, we are playing an important role in building modern India by catering to the Indian as well as the global market requirements. We are positive that this investment will further strengthen the “Atmanirbhar Bharat” initiative and create employment opportunities in the country.” Mr. Jagadish Bhat, MD & CEO, AJAX Engineering.

Demand for higher tonnage cranes is likely to grow

With the government’s heavy investment on infrastructure development, the mobile crane market in India is showing gradual signs of improvement, which was impacted by the pandemic.

Schaeffler wins Railsponsible Supplier Award 2021

Schaeffler, the world’s leading automotive and industrial supplier, has received the Railsponsible Supplier Award 2021 in the “Climate Change and Circular Economy” category for its 100 percent return service for axlebox bearings.

Schaeffler wins Railsponsible Supplier Award 2021

• Schaeffler wins in “Climate Change and Circular Economy” category with its 100 percent return service for axlebox bearings

S Saxena of Sany: Demand for higher tonnage cranes is likely to grow

Interview with Sanjay Saxena, Sr VP and Head of Heavy Equipment Business Unit, Sany Heavy Industry India.

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.

Fully loaded with opportunities

For a construction site to function without a loader may be impossible. Add to this the fact that the awareness to use the right tool for the right job is growing. The future of loaders looks bright despite the recent slowdown. The influx of new technology is ensuring that they are ever versatile and profitable to operate.

Wheel loader market is dominated by 120-150 HP range equipment

In the current context, users prefer wheel loaders that deliver higher productivity at lesser operating costs, along with enhanced servicing of their machines across their work cycle.

Craning Forward

Despite uncertainty, the overall market for mobile cranes is expected to grow between 10 to 15 per cent for the next two to three years.

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.

AJAX plays an important role in building modern India

With our indigenously manufactured product portfolio and engineering expertise, we are playing an important role in building modern India by catering to the Indian as well as the global market requirements.

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.

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.

Underground mining readies for IIoT revolution

With new innovative technology, companies are taking take digitalisation of mining operations to the next level.

Tech Drives Backhoes

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

Construction Technology: The need of the hour!

CW is organising the CONSTRUCTION TECHNOLOGY SUMMIT on July 22-23, 2021, virtually to identify proven, innovative and globally established construction technologies.

Crushing it!

With an increase in mining activities and infrastructure development in India, the demand for crushing and screening equipment will also rise.

There are huge untapped opportunities in the crushers & screens market

V Senthilkumar, Managing Director, Propel Industries

We have pioneered integration of digital tech in our machines

As the Indian market matures, global best practices are making their way into the Indian material handling industry. There is an increased focus on safety and productivity on work sites which presents us with the opportunity of introducing products with the latest and state-of-the-art technology in India.

Towering over

Tower cranes are expected to a see a surge in demand with the spurt in infrastructure development projects.

With infra plans in place, there will be continuous growth for hydraulic excavators

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.

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.

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.

Jindal Stainless revenue up 36% YoY

JSHL’s sales volume stood at 182,474 tonnes, up by 23% over the corresponding period last year (CPLY).

The worst is over for the CV industry

In 2008, two leading players, Volvo Group and Eicher Motors, in the commercial vehicle business joined hands with a common vision of driving modernisation in the commercial transport business in India.

Fuel tracking solution’s penetration is less than 1% of the overall commercial fleet size

Nigraani provides IoT (Internet of Things) solutions to commercial fleet operators to help them track their diesel consumption with 99 per cent accuracy and fleet operation metrics. The SaaS (Software as a Service) model helps avoid any overhead of setting up an IT team to manage hardware/software.

Laying a strong foundation

The demand for foundation equipment in India has been growing at the rate of 25 to 30 per cent year on year basis.

NEI, Amsted Seals enter JV to manufacture railway bearing seals

National Engineering Industries Ltd (NEI), part of $2.4 billion diversified CK Birla Group, and Amsted Seals announced a joint venture to manufacture railway bearing seals in India.

More options than ever

Attachments for construction equipment allow the base machine to do multiple tasks on a job site. There are several distinct types of heavy construction equipment, each with its own set of uses.

Grove GHC130 provides Terra E&C with precision in ecologically sensitive job

Wisconsin-based Terra Engineering & Construction’s website proudly proclaims that the company actively “seeks out the difficult watercourse projects that may discourage other contractors” — and while this is largely due to Terra’s skilled workforce and years of experience in that sector, having access to a Grove GHC130 telescopic crawler crane also proved crucial in helping it meet the strict deadline imposed on one of its most recent environmentally sensitive projects.

Sany embraces new emission norms; launches 4 new truck cranes

As the nation is ushering into new emission standards, Sany India, a global leader in the CE Industry has successfully embraced the Bharat CEV Stage IV norms and upgraded and launched four new truck cranes; STC250C, STC450C, STC600C, and STC800C in the market.

L&T bags multiple contracts

The construction arm of L&T has secured orders from prestigious clients for its various businesses.

The D-factor

Where the demand will be coming from for the construction equipment industry?

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.

Demand has started picking up

Anirban Sen, Underground Business Manager Asia Pacific & India, Epiroc Mining, shares more on the demand trends and market outlook for tunnelling equipment. Epiroc Mining offers a wide range of tunnelling equipment for underground mining and underground civil work applications.

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.

Outlook on CE sector revised to ‘stable’: ICRA

Heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in volumes since July 2020, resulting in +20 per cent YoY growth during July-January 2021 period.

Rising Tide

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

NEI, Amsted Seals enter JV to manufacture railway bearing seals

National Engineering Industries (NEI), part of $2.4 billion diversified CK Birla Group and Amsted Seals announced a joint venture (JV) to manufacture railway bearing seals in India. Amsted Seals is a global leader in sealing solutions and cutting-edge metal fabrication.

Grove GHC130 provides Terra E&C with strength & precision in ecologically sensitive job

An environmentally sensitive and time-restricted project called for reconstruction of a river embankment and relaying of a gas line with minimal disturbance.

Bounce back

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

RLDA invites e-bids for leasing two land parcels for commercial development

The Rail Land Development Authority (RLDA) has floated a Request for Proposal (RFP) for leasing two vacant land parcels at Jaisalmer and Ajmer, Rajasthan.

AJAX ARGO model’s mantra is ‘maximum productivity for your investment’

“AJAX ARGO Self-Loading Concrete Mixer (SLCM) delivers ‘Maximum Productivity for Your Investment’ says Ajay Aneja, Chief Marketing Officer, AJAX Engineering

Stainless steel production declines by 19% to 3.17 MT in CY2020: ISSDA

India remains second-largest producer globally despite a challenging year.

RLDA invites e-bids for leasing two land parcels for commercial development at Rajasthan

These land parcels span across 31722.30 sq. m and 8960.00 sq. m. and are located at Jaisalmer and Ajmer, respectively

Rajesh Mohata appointed as CEO of JSL Lifestyle

The Board of JSL Lifestyle (JSLL), a subsidiary of Jindal Stainless (Hisar) Limited (JSHL), has announced the appointment of its new Executive Director and CEO, Rajesh Mohata. In his role, Mohata will be leading JSLL’s customer-centric brands – Arttd’inox & ARC, and its various business verticals, including tableware & home décor, bespoke kitchens, sanitation solutions, commercial kitchens, infrastructure, Original Equipment Manufacturing (OEM) businesses, and plumbing solutions. Mohata is a seasoned business professional with over 28 years of experience in varying domains of Oil & Gas, Metal & Mining, Energy, and Cement industries. Commenting on the appointment, Managing Director, JSLL, Deepika Jindal said, “As we pursue operational efficiency and long-term value creation for stakeholders, we are pleased to welcome a promising leader like Rajesh. I am confident that his expertise and strategic thinking will guide the Company to grow across all B2B and B2C segments and innovate to capitalize new opportunities”. Having earned his bachelor’s degree in Engineering (Civil) from MBM Engineering College, Jodhpur, Mohata has spearheaded some of India’s frontline organizations in various capacities, like Aditya Birla Group, Reliance Industries, Essar, RPSG, Adani, and Vedanta. He has been acknowledged for his leadership at various business platforms. His personal interest areas include yoga and running. Mohata is an avid reader and shares a keen interest for philanthropy. JSL Lifestyle, a subsidiary of Jindal Stainless (Hisar) Limited, is a pioneer in creating innovative and futuristic stainless-steel installations for aesthetic, residential, architectural, infrastructural, railways, and sanitary applications. The company promotes stainless-steel as the core ingredient in wide-ranging applications through its two brands — Arttd'inox and ARC. Launched in 2003 by Ms Deepika Jindal, Arttd’inox is the first B2C brand from the house of JSL Lifestyle Ltd. With the objective to fan out the applications arena of stainless steel from kitchen shelves to the entire house and office, Arttd'inox has introduced excellent designs & forms in stainless steel tableware & home décor products in India. Through ARC, JSL Lifestyle Ltd. has created a strong presence in sectors like Automotive, Railways & Transport (ART), Architecture, Building & Construction (ABC), original equipment manufacturing (OEM), infrastructure, plumbing solutions, and retail. A few of the several services offered under ARC include customised stainless-steel products, inventory management, warehousing, material testing, engineering work, fabrication of quality material, and job site supervision by trained personnel.

Nigraani’s fuel tracking solution’s gains enable ARSS to increase driver’s salary multi-fold

ARSS Infrastructure Projects (ARSS) achieved an RoI in fuel tracking solution in months.

Focus on infra to revive economic growth

The government’s focus on building infrastructure will create jobs and revive economic growth

Outlook on CE sector revised to ‘Stable’ with sharp volume recovery: ICRA

Two critical demand headwinds in the coming quarters are - the continued limited fiscal bandwidth with State governments to invest in infrastructure and the price hikes following the upcoming emission norm change in April 2022

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.

Mega Infrastructure Summit 2021 to be held on Apr 6-7

The Mega Infrastructure Summit 2021 is all set to welcome you back to an engaging physical forum to unlock and connect you with unlimited networking opportunities.

Budget focuses on infra to revive economic growth

Finance Minister Nirmala Sitharaman proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore 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)

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