Mines Ministry plans due diligence

The Mines Ministry of India is taking significant steps towards expanding the nation’s lithium reserves by appointing a consultant for due diligence on an Australian lithium block acquisition.

We aim to maintain a steady pace of growth, despite potential disruptions

PV Ramdev, Managing Director, Everest Engineering Equipment

Italian CE market sees slight dip in 2023

Road machines market remains stable, earth moving machines decline.

Vision 2030 Drives Growth

The compaction equipment industry in India has witnessed significant technological advancements in recent years. Manufacturers are integrating advanced features, such as GPS technology and telematics, into their machines to enhance precision and efficiency.

Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

Hydrogen-Powered Revolution!

As the hydrogen-powered revolution gains momentum, India stands at the forefront of a cleaner and more sustainable automotive future.

SIAM Conclave Focuses on Building Resilient Supply Chain

Industry experts and leaders came together to address challenges in the supply chain.

No Bumps in the Road

India has been investing significantly in infrastructure development, including the construction of roads, highways, and expressways. This investment has driven the demand for road construction equipment.

Micron launches $2.7 bn semiconductor plant in India

Micron Technology, a global leader in memory and storage solutions, has initiated the construction of a state-of-the-art semiconductor manufacturing facility in India, marking a significant step towards bolstering the country's semiconductor industry.

Auto component industry grows 32.8% in FY2022-23

The turnover of the automotive component industry stood at Rs 5.60 lakh crore for the period of April 2022 to March 2023.

Indian auto component industry grows 32.8% in FY 2022-23

Sales to OEMs grows 39.5% on back of strong growth in vehicle sales

The Mining Boom

India's increasing coal projects drive a surge in mining equipment demand!

Industry plea: Make tunnelling equipment in India

CW identifies gaps in the availability of tunnelling and trenching equipment.

Geology and Reserves of Indian Coal

India ranks second amongst the coal producing countries of the world in terms of annual coal production. However, in respect of coal resources, it is endowed with less than 1 per cent of world coal resources.

Navigating the Depths

How IIoT is enhancing safety and efficiency in underground mining.

Demand for locally-manufactured bearings has been rising

Sujeeth Pai, Director, Industrial Business, SKF India, speaks on the company’s approach to innovation and product development.

Powering up the Earth

The need for earthmoving equipment is expected to increase due to the nation's fast urbanisation and infrastructure development requirements

What are the latest innovations in the OTR tyres segment?

CW speaks to experts to understand new trends in the tyre market.

Steering the market

Skid-steer loaders segment is one of the only few segments that has shown an increase in sales in 2022 as compared to 2021. The enormous growth in the market value of the construction sector will further fuel the nation's high demand for skid steer loaders.

Reduce, Reuse, and Recycle!

In addition to reducing waste in construction, the Ministry is also working to decrease emissions from road transport and reduce the country’s dependence on oil imports through the use of alternative fuels.

Cabinet approves National Green Hydrogen Mission

The Union Cabinet has approved National Green Hydrogen Mission. The initial outlay for the Mission will be Rs 197.44 billion including an outlay of Rs174.90 billion for the SIGHT programme Rs 14.66 billion for pilot projects Rs 4 billion for R&D and Rs 3.88 billion towards other Mission components.

Creating Compact Foundations

The upward trend of mechanisation in the construction and road-building industries is expected to drive the compaction equipment market in India.

Future growth will be greater in the Indian market

Amit Nangre, Executive Director, SIT PTC India, shares information on how the company’s products are helping the OEMs.

In India, there is a need for 1 MT of ammonium nitrate

Vivek Misra, Associate Vice President, Business Excellence and Transformation, Smartchem Technologies, speaks on the various challenges faced by the company.

Timken India to start making CRBs, SRBs locally at Bharuch

Timken India plans to set up a new facility at Bharuch in Gujarat to manufacture spherical roller bearings (SRBs) cylindrical roller bearings (CRBs) and other components.

India’s coal demand grew at highest pace globally in 2022

The biggest yearly growth rate of any nation will be seen in India's demand for coal in 2022 driven by increased coal-based power generation to combat above-average summer heat and growing economic activity.

Coal continues to be the major demand driver in mining

Arvind K Garg, Senior Vice President and Head, L&T Construction and Mining Machinery, speaks on the construction and mining equipment market in India.

Future growth will be greater in the Indian market

Amit Nangre, Executive Director, SIT PTC India, shares information on how the company’s products are helping the OEMs.

Mining the Future

With prospects in both surface mining and underground mining, the Indian market for mining equipment appears to have a bright future.

The demand for high-capacity equipment is increasing day by day

Amit Banerjee, Chairman and Managing Director, BEML, shares the outlook for the Indian mining industry, and the sectors that will drive the demand in the mining sector.

Timken India to start making CRBs, SRBs locally at Bharuch

Timken India plans to set up a new facility at Bharuch in Gujarat to manufacture spherical roller bearings (SRBs) cylindrical roller bearings (CRBs) and other components.

Equipment manufacturers lead IoT mining revolution

Industrial Internet of Things (IIoT) technologies that can seamlessly connect vehicles, machinery and personnel in even the world’s deepest mines promise a new era of safety, productivity and profitability for underground mining.

Auto component sector sees record turnover of Rs 4.2 trillion in FY22: ACMA

Indian auto components industry clocked its highest-ever turnover of Rs 4.2 trillion in 2021-22, registering a growth of 23 per cent on the back of strong performance in exports

Enhancing efficiency

India’s construction equipment market is growing quickly, and this is stimulating demand for bearings. The bearing industry is expected to grow at a rate of 9 to 10 per cent in the years ahead.

Excon brings more cheer to the season

Excon was spread over 3,00,000 square meters of display area with the participation of over 800 exhibitors from India and abroad.

We expect about 25% increase in sales of first quarter

Vishvaroop Anand Managing Director, Titan Crushing Equipment.

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.

India generates 81% lithium-ion batteries for EVs: Nitin Gadkari

Nitin Gadkari, Minister of Road Transport and Highways told the media that India has been manufacturing 81 per cent of lithium-ion batteries for electric vehicles (EVs) in the country.

Italian CE market grows in 2021

In the twelve months of 2021, 22,000 construction machines have been placed on the Italian market, up 30 per cent if compared to 2020. Data were presented by Unacea in a digital press conference held last 1st February.

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.

The all-rounder

The skid-steer loader can perform numerous functions with aplomb. These mini versatile machines are used in various industries – from mining to agriculture.

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.

Bio Diesel Summit

Hosted by ICEMA, the Bio Diesel Summit, which was held virtually on January 24-25, 2022, stressed on substituting diesel with alternative fuels.

Terex GM: There is shift in demand towards modular crushing solutions

Amol Sinha, General Manager, Terex India, speaks on segments that are driving the demand for crushing and screening equipment.

Arvind K. Garg is EI Person of the Year 2021

Garg was awarded at the 9th Equipment India Awards.

Unlocking the mining potential

The future of the Indian mining equipment market looks good with opportunities in underground mining and surface mining.

Indian Steel Association welcomes approval of PLI scheme

The Production Linked Incentive (PLI) Scheme is a scheme aimed at encouraging domestic manufacturing, substituting imports and finally boosting exports.

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.

Indian Steel Association welcomes approval of PLI scheme

The Indian Steel Association welcomes the cabinet approval of PLI Scheme

India may lose second largest stainless steel producer spot to Indonesia in CY2021: ISSDA

Massive capacity build-up by Chinese stainless-steel companies in Indonesia to become operational this year | Surplus production may be targeted at Indian markets

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).

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.

The D-factor

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

Coal India approves record 32 mining projects at Rs 47K cr

Scripting a record high, Coal India Limited (CIL) has approved 32 coal mining projects in the current fiscal till January 2021, which indicate an estimated incremental capital of around Rs 47,300 crore.

How can the auto components industry bounce back

Financial year (FY) 2020-2021 was a year of transition for the auto components industry. There were new challenges in the form of outburst of Covid-19, loss in production, supply side disruptions, etc.

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.

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.

Budget spurs order books

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.

Indian auto component industry clocks de-growth

As per the industry performance review for the first half (H1) of fiscal 2020-21 announced by the Automotive Component Manufacturers Association of India (ACMA), the turnover of the automotive component industry stood at Rs 1.19 trillion for April-September 2020, registering a de-growth of 34 per cent over the same period last year.

Stainless steel industry seeks import duty cut on key raw materials

The Indian stainless steel industry has urged the Union Government to slash the existing import duties on key raw materials in the upcoming Union Budget 2021-22.

JCB India’s largest parts centre inaugurated in HaryanaJCB India inaugurated its largest

JCB India inaugurated its largest parts centre at Bhaproda, Haryana. The facility spread over 150,000 sq ft will provide parts support to the northern Indian region. It will cater to 15 dealer locations and contribute almost 40 per cent to JCB’s parts business in India.

Coal mining is expected to drive demand

PK Ganguly, Head – Marketing (Domestic Sales), Balkrishna Industries, shares his thoughts on the market scenario and how the company is gearing up to meet the growing demands in the market.

Stainless steel industry seeks import duty cut on key raw materials

ISSDA seeks exemption of the 2.5 per cent basic customs duty levied while importing key raw materials

Self-reliance in mining equipment

With demand for mining machinery on the rise, it would be ideal for us to have Made-in-India mining machines.

Mining market scenario

The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.

Deepak Jain re-appointed as President of ACMA for 2020-21

Automotive Component Manufacturers Association of India (ACMA) announced the re-appointment of Deepak Jain, Chairman & Managing Director, Lumax Industries as its President and Sunjay Kapur, Chairman, Sona Comstar as the Vice President for the term 2020-21.

Backhoe Loaders Bouncing Back

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 mantra of self-reliance

After months of speculation on GDP numbers, the results have confirmed our worst fears: our economy is suffering from a serious malaise.

APM Terminals Pipavav’s board approves Rs 700-cr expansion plan

APM Terminals Pipavav (Gujarat Pipavav Port) has announced the approval of Rs 700 crore in coherence to the expansion plan of the company.

Govt aims to make India a construction equipment manufacturing hub: Gadkari

Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said that the government is targeting at making the country a manufacturing hub of construction equipment in the world

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

41 coal mines on offer for commercial coal mining

Prime Minister Narendra Modi launched the auction process of 41 coal blocks for commercial mining, through video conference. The Coal Ministry in association with FICCI launched the process for auction of these coal mines. A two stage electronic auction process is being adopted for allocation of the coal mines.

Towards better Mining

The measures announced by the government for mining industry are expected to have a positive impact in the coming years.

41 coal mines on offer for commercial coal mining

Prime Minister Narendra Modi launched the auction process of 41 coal blocks for commercial mining, through video conference.

Coal Ministry initiatives to improve mining efficiency

The Coal Ministry has taken initiatives to re-visit old laws with an aim to improve efficiency, ease of doing business and to open up coal sector

Commercial coal mining can reduce coal import: CRISIL

The government’s move to open up commercial coal mining can halve the annual expenditure incurred on importing non-coking coal.

Indo-German Engineering Trade in 2019

India is the second-largest sales market in Asia for the German engineering industry.

Braving challenges

With this March marking the closure of another financial year in the country, the world economy is reeling under a host of issues ranging from the slowdown that hit the market for more than a year to the coronavirus scare.

Steering Growth

Growing urbanisation and mechanisation of manual jobs are driving the demand for compact equipment such as skid-steer loaders in India.

Italian construction equipment market up in 2019

According to the last Unacea survey on the Italian market, in 2019, as many as 16,927 construction equipment have been sold on the Italian market, 16 per cent more compared to that of 2018.

SOHAR Port Anticipates Potential Business Opportunities

With several developmental plans underway, including future projects, SOHAR Port and Freezone continues to seek possibilities for growth and expansion.

Infrastructure push drives CE demand

With the government is pushing for more infrastructure development in the country, construction equipment market will see demand growth in future.

Mining Gains

The recent policy initiatives by the Central Government are expected to boost the mining activities in the country, providing new opportunities to private and global miners, and equipment and technology providers.

Swachh Bharat a game-changer for cleaning equipment sector

The Central Government's drive for a cleaner India has reportedly given a big boost to firms in the hygiene and cleaning equipment space as Fonzo Equipment has reported rapid sales growth within two years of launch.

Loads of Opportunities

With the construction activity picking up and mining operations reviving in India, new opportunities are knocking at the doors of the wheel loader market.

Greater Potential

Indian industry has great potential for Germany especially in the areas of manufacturing, infrastructure and energy which are major growth sectors in India.

Mobilising Growth

Setting New Benchmark

Growth in warehousing and logistics sector is picking up with the introduction of GST and infrastructure status to logistics. In this scenario, the warehousing and material handling equipment players are gearing up to meet the emerging demand for advanced equipment.

Steps to Safety

Being the safest means of working at heights, Aerial Work Platforms (AWPs) are naturally the option to work at height safely. However, use of AWPs in India is still limited and is picking up slowly.

Growth ahead, no skidding!

According to the UN's World Economic Situation and Prospects (WESP) 2019, India's GDP growth is expected to accelerate to 7.6 per cent in 2019-20 from an estimated 7.4 per cent in the current fiscal ending March 2019.

Steer it up

In spite of the vast opportunities available, skid-steer loaders are still looking for a level-playing field in the Indian market.

Looking for a Turnaround

Ports of Opportunities

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.

Italy posts 25% growth in CE sales

Italian construction equipment (CE) market saw a sales of 6,389 units in the first six months of 2018, with a growth of 25 per cent compared to last year. According to Unacea, total earthmoving machines sold were 6,157, while road machines 232.

Lifting up Expectations

Gone are the days of slowdown and stagnation for mobile cranes market. Many equipment were seen idle with projects not taking off as expected.

A Unique Business Partnership from gati

Gati Import Export Trading Ltd (GIETL), a subsidiary of Gati Ltd, offers clients a unique business partnership in domestic distribution management with logistics efficiency as focus.

Italian CE market grows in first quarter

Over the first three months of 2018, 2,713 machines have been sold in the Italian market, recording a growth of 30 per cent compared to the same period last year. The number of earthmoving machines sold stood 2,623, while road equipment 93.

Privatisation of coal mining

India's coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India's coal demand, especially for higher grade thermal coal/washed coal and coking coal.

Global metal market trends

The global economy is doing well. Growth already beat expectations this year and the global economy will continue to quicken in 2018.