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Liebherr: 2022 business year with new record turnover

Compared to the previous year, the company recorded a turnover growth of Euro 950 mn

Shriram Automall gets Great Place to Work certification

Great Place to Work® is a global authority that recognises High-Trust and High-Performance Culture™ at workplaces

Shriram Automall gets Great Place to Work certification

Great Place to Work® is a global authority that recognises High-Trust and High-Performance Culture™ at workplaces

BKR Prasad: We expect the industry to post double-digit growth

BKR Prasad of Tata Hitachi speaks on the key products on display during bauma.

We are keen to showcase our readiness in building the India of tomorrow

BKR Prasad, Head – Marketing & Product Development, Tata Hitachi Construction Machinery, speaks on the key products on display during bauma CONEXPO.

Outsourcing Warehouse Operations

Aditya Vazirani of Robinsons Global Logistics Solutions discusses warehousing, which has emerged as one of the most crucial aspects of the modern supply chain.

Infra Push Drives Demand

The rise in infrastructure projects will only see an increase in demand for attachments for construction equipment.

Why outsourcing warehouse operations are more effective

Aditya Vazirani of Robinsons Global Logistics Solutions discusses warehousing, which has emerged as one of the most crucial aspects of the modern supply chain.

Why outsourcing warehouse operations are more effective

Aditya Vazirani of Robinsons Global Logistics Solutions discusses warehousing, which has emerged as one of the most crucial aspects of the modern supply chain.

Honda India Power Products forays into e-commerce

Honda India Power Products (HIPP), India's leading and best-in-class power product manufacturer, and market leader in the power products category for the past 36 years, announced the launch of an exclusive e-commerce portal on its official website: www.hondaindiapower.com.

The Concrete Advantage!

The concrete equipment market is expected to rise on account of anticipated growth in the construction industry, increasing FDIs, and the rising number of smart city projects in the country.

Elgi Equipments' March 2022 net sales at Rs 727.61 cr

Consolidated sales for the fourth quarter was Rs 728 crore as against Rs 611 crore in the corresponding quarter in 2020-21.

Elgi Equipments revenue up 31%

Manufacturer of air compressors, Elgi Equipments, said it will take steps to keep costs under control as inflation, war, and political unrest in some geographies threaten to affect demand and margins.

We plan to double our production capacity

ACE, one of the largest construction equipment players in the mobile and tower crane segments in India, showcased its upgraded and new backhoe loader models in different engine horsepower categories at Excon along with award-winning products like a special crane for piling, 360-degree slew pick-n-carry crane, and manlift crane.

Improving machine productivity

The demand for the hydraulic hose is estimated to grow at a substantial rate from the construction industry owing to the requirement of high operating pressure and maximum abrasion resistance to the equipment.

Double-digit growth likely

Excon is a large, popular and established platform for the construction equipment industry in India where corporates, large infrastructure companies, contractors and their subcontractors, project construction professionals and retail customers meet original equipment producers and suppliers.

Eyeing new heights

The year 2021 gave numerous ups and downs for the construction equipment and equipment financing industries. When the year comes to an end, the sectors look forth towards infrastructure as the ‘Growth Puller’ for the period ahead.

The world is transitioning towards sustainable business practices.

Our emphasis has always been to keep the customer foremost in our mind. We have therefore, laid special emphasis on customer-friendly products and solutions that are easy to adapt to and help in enhancing usability and serviceability.

Sustainability in logistics

Sustainability within logistics is expected to be taken up on a larger scale, with digitalisation and automation being prime movers of such operations, writes Huseni Vohra of Ocean Insights.

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.

BKT to focus on mining products at excon

BKT, the Indian multinational group and a global player in the off-highway tyre market, is all set to cross a billion dollars this year with India contributing 20 per cent and exports of 80 per cent.

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.

Improving energy efficiency

Asphalt plant manufacturers and operators are understandably placing great emphasis on higher productivity.

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.

Gaining traction

Growing construction industry supported by global megatrend of urbanisation is expected to drive growth of the global aerial work platform market.

Counting on diggers

Increasing demand for construction and infrastructure activities is anticipated to augment earthmoving equipment market growth in India over the next few years.

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.

Icra slashes growth forecast for auto components industry to 17-20 pc for FY22

According to Icra, the components industry is now expected to grow at 17-20 per cent in 2021-22, partly aided by "the low base of last year and commodity passthrough" besides growth driven by domestic OEM, replacement and export volumes.

Volvo CE introduces 3 new construction BEVs

Roads and highways sector is considered to be the most vibrant infrastructure segment where a lot of activities ongoing consistently for a long time.

We are a market leader in surface mining

Wirtgen is global market leader in the manufacturing of machines for cutting rock in open cast mining operations. Wirtgen surface miners cut primary resources such as coal, gypsum, iron ore, salt, phosphate, bauxite, limestone or granite, achieving high degrees of purity in the process.

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.

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.

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.

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.

Demand for pick n carry cranes has strong correlation with industrial growth

The India mobile crane market is anticipated to register annual growth rate of over 5 per cent during the forecast period 2020-2025. Unfortunately, Due to unexpected Covid-19 pandemic, we can expect some challenges in terms of upcoming projects in India.

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.

Goodyear India income up 131% in Q1FY2022

The total income of the company is Rs 540 crore, up 131% versus the previous year. Goodyear’s profit after tax is Rs 27 crore compared to a loss of Rs 4 crore last year.

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.

Narrowing of price levels between excavators & backhoes is expected to have an impact on volumes

The Indian backhoe loader market had been growing year-on-year for four straight years till 2018-19. It grew with a CAGR of more than 20 per cent per year, peaking in 2018-19. In 2019-20 the market shrunk by 20 per cent due to factors such as elections and constrained liquidity post the ILFS crisis.

Tech Drives Backhoes

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

Improving performance

Hydraulic hoses and fittings play a vital role in the fluid power transmission in hydraulic equipment. Construction and mining equipment will continue to be a major growth driver for this segment.

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

BEML starts manufacturing oxygen generating units

BEML has always been at the forefront when it comes to dealing with national crisis.

MHE in India: What drives the sector

There is high growth potential in material handling industry in India considering the pipeline of opportunities in construction and infrastructures sectors.

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.

Crushing it!

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

Arvind Garg of L&T: I foresee huge demand for hydraulic excavators

Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro, speaks on the various product offerings from your company in the HEX segment.

BEML records highest ever turnover

Defence public sector undertaking, BEML recorded its highest ever turnover of Rs 3,557 crore for the FY 2020-21 against the previous year turnover of Rs 3,029 crore, a growth of 17%.

Despite second Covid wave, highway construction at 28 km per day in April

Despite the Covid-19 pandemic, lockdowns, and limitations on movement in most parts of the country, highway construction in April quadrupled this year to 853 km compared to the same month last year, which saw an entire nationwide lockdown.

Second wave of pandemic has hit the production

Incorporated in 2002, SANY India was and offers the widest range of construction machinery in India and South Asia. Presently, SANY India offers products like excavators, truck mounted cranes, all-terrain and rough terrain cranes, crawler cranes, transit mixers, batching plants, boom pumps, trailer pumps, piling rigs, motor graders, pavers, compactors, reach stackers, rubber tyred gantry cranes, rail-mounted gantry cranes, mining equipment, wind turbine generators and many more. The company has already established a strong network of around 28 dealers and 135+ outlets across India to cater to the growing demand and provide sales and service support to all its customers and associates.

Towering over

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

We have 200 cranes working only in South India alone

Almost 200 cranes working only in the South India overall. We can say more than 500 cranes in the last couple of years in South India. There is a good growth rate we have seen amidst this pandemic.

We expect the demand to grow for hydraulic excavators

Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro

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.

BEML starts manufacturing oxygen generating units

In the wake of this 2ndwave of Covid pandemic and to mitigate the oxygen shortages in the country for Covid patients, BEML has successfully started manufacturing960 LPM Medical Oxygen Plants at its KGF complex in record time under a ToT agreement with M/s.Defence Bio-Engineering & Electro Medical Laboratory, Bengaluru under DRDO.

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.

A powerful transmission

Transmission, a key component in a construction equipment vehicle, plays a major role to the functionality of the vehicle, especially in the high frequency and heavy application.

We are well placed to take advantage of opportunities that India offers

Bonfiglioli India’s solutions are based on a wide range of products, including gearmotors, drive systems, planetary gearboxes and inverters. The company’s Country Manager, Kennady V Kaippally, speaks on the present size of transmission systems in India, and the segments that are driving the demand for these products.

VECV launches Covid support package for dealer network and customers

VE Commercial Vehicle has announced a comprehensive package to support Eicher truck and bus customers, dealers, and dealer employees as they continue to operate in this difficult time.

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.

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.

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.

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.

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.

We believe that it will take at least a year for the market to stabilise

Incorporated in 1990, Suretech Infrastructure offers specialised infrastructure construction and foundation engineering equipment and materials to the building and construction industry, throughout the Indian Sub-Continent.

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.

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.

India continues to be an important market for us

Since 1958, Putzmeister has been global leaders in the world of construction and mining. The company develops, produces, sells and serves its customers with high quality and high reliability machines for pumping, distributing and placing concrete, mortar and high-density solids, and for preparing, temporarily storing, processing and transporting these materials.

Putzmeister India MD: India continues to be an important market for us

In an exclusive interview, Wilfried Theissen, Managing Director of Putzmeister India, speaks on the current scenario of concrete equipment market in India.

Demand diversity in CE sector

Infrastructure is a silver lining in the pandemic for many States. With the lockdowns in place in most States during 2020 and reduced vehicle traffic, crews continued their road work and were getting more work done than usual.

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.

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.

bauma CONEXPO India Cancelled!

bauma CONEXPO India is a melting pot of knowledge, deals and networking. We explores what the cancellation of this year’s edition means for the industry.

Rising Tide

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

Operational visibility & automation central to maritime logistics of future

Sustainability within logistics is expected to be taken up on a larger scale, with digitalisation and automation being prime movers of such operations, writes Huseni Vohra of Ocean Insights.

1st IIEF lauds innovations in 5 categories

Industrial Products Finder (IPF), India’s largest circulated industrial magazine in its 49th year, virtually hosted First IPF Industrial Excellence Forum (IIEF) which comprised of two major segments— Conference and 5th IPF Industrial Excellence Awards, on January 15, 2021.

Bounce back

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

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

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.

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

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

Domestic road transportation sector rebounds

The recovery has also been visible across other modes of transportation as well - rail freight traffic and port freight volumes have both reported growth, although the latter at a slower pace than other modes

Power your profits

Tata Motors’ extensive range of 28-tonne tippers helps you maximise profits and have complete peace of mind.

Operational visibility & automation central to maritime logistics of future

Sustainability within logistics is expected to be taken up on a larger scale, with digitalisation and automation being prime movers of such operations, writes Huseni Vohra of Ocean Insights.

Focus on infra to revive economic growth

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

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

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.

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.

L&T compactors are very well established in the Indian market

L&T’s Construction and Mining Equipment business manufactures, distributes and provides after-sales support for construction and mining equipment for diverse industries and applications.

Rural infra, healthcare to drive demand for CE

The construction equipment industry sees two emerging categories—infrastructure development in rural India and the creation of a strong healthcare system—as growth drivers in the coming years, even as the industry sees green shoots with the revival of infrastructure projects.

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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