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CE Industry Sees Robust Growth in Domestic and Export Sales: ICEMA

During the first nine months of the current fiscal year, the industry sold 98,970 units

ACE Reports 16.6% Growth in Total Income

Company achieves highest-ever quarterly revenue

Cummins’ New X15N Natural Gas Engine

Cummins’ new X15N natural gas engine will soon be available for three models of Peterbilt heavy-duty trucks, including its popular 567 work truck.

Fuelling the future

Backhoe loader manufacturers are developing hybrid or fully electric backhoe loaders, which significantly reduce or eliminate fuel consumption and emissions.

CNH Industrial to acquire Hemisphere GNSS

CNH Industrial announces that it has entered into an agreement to purchase Hemisphere GNSS (Hemisphere), a global leader in high-performance satellite positioning technology, currently owned by Unistrong, a company incorporated in the People’s Republic of China.

CNH Industrial to acquire Hemisphere GNSS

Hemisphere is a leader in high-performance satellite positioning technology, currently owned by Unistrong

L&T Finance launches Warehouse Receipt Financing

Launch of Warehouse Receipt Financing in a digitally-assisted journey for the first time in India

CNH Industrial maintains record sales pace in rough economy

Driven by higher volumes in South America and despite challenges with higher freight and raw materials costs, sales for construction and agricultural equipment manufacturer CNH Industrial increased year-over-year in 2022 by 21 per cent to $21.5 billion.

Komatsu sales jump 28% in third quarter

Despite supply chain disruptions and increases in material prices and logistic costs, Komatsu saw net sales and operating income reach record highs on new equipment, parts and services in the first nine months of the current fiscal year, which ends March 31, 2023.

MRF's consolidated net profit for December quarter increased by 17%

Consolidated revenue from operations stood at Rs 56.44 billion.

Escorts Kubota's Q3 standalone profit doubled to Rs 186.4 cr

Revenue from operations was at Rs 2,263.7 crore in quarter ended December 2022 as against Rs 1,971.5 crore in corresponding quarter of the previous fiscal.

CE export witnesses 60% growth in FY22

According to the Indian Construction Equipment Manufacturers Association (ICEMA) the export of construction equipment has increased by 60 per cent in FY22 with earth-moving equipment witnessing 69 per cent growth in the last fiscal year.

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.

Goodyear India revenue up 18%

Third quarter profit after tax of Rs 19 crore, down from third quarter last year of 49 crore on higher commodity prices

Indian construction equipment industry growth slumps in Q3FY22

On the back of slowdown in the construction activity, the Indian CE industry experienced 23% drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21, as per the ICEMA report.

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.

We promote domestic products suitable for applications: Saji Thomas

Gates believes in extending the boundaries of material science. Saji Thomas, General Manager, Product Line Management & Application Engineering - FP, Gates India, shares more on the product developments in the company and the market scenario.

Can Mobile Cranes Lift the Mood?

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?

We expect to see a positive turn in volumes

Tata Motors has been at the forefront of constantly innovating and defining the market with new technologies and categories.

Gaining Momentum

Tipper market is expected to bounce back in the coming years with the demand picking up steadily in road construction and mining.

TECH-MOVES

With the government plans to invest Rs 102 trillion in infrastructure development in the next five years, the demand for construction equipment will be immense.

LANXESS reports stable second quarter results

Specialty chemicals company LANXESS is on track despite the weaker economy and geopolitical uncertainties and can look back on a stable second quarter.

Super Performer

Doosan Bobcat India has been the consistent performer, winning the EQUIPMENT INDIA Bestseller Award in Skid-steer loaders for the past five successive years.

CE industry will continue to witness a healthy growth

The overall construction equipment (CE) industry had a good FY2018-19 for all class of equipment and has recorded the highest volumes ever.

On Sustainable Growth

Devendra Kumar Vyas, Managing Director, Srei Equipment Finance, elaborates on the key factors that drive the growth and the emerging market trends in equipment finance.

CE finance outlook

Financing accounts for approximately 80-85 per cent of the total equipment purchased. In the case of overseas purchases, it accounts for approximately 90 per cent.

Equipment Pulse

With the construction equipment market is on a growth path, Equipment India explores the market scenario of construction equipment and allied products and services.

Escorts-Tadano JV to manufacture RT cranes in India

Escorts Ltd, India?s leading engineering conglomerate, and Tadano Group, Japan?s biggest and world?s leading mobile crane manufacturer, announced their joint venture (JV) to manufacture rough terrain (RT) cranes and truck-mounted cranes.

Equipment finance sector to grow at 19 per cent CAGR

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.

Force Motors, Rolls-Royce Power Systems form JV

Rolls-Royce Power Systems and Force Motors formed a new joint venture (JV) in which Force Motors will hold a 51 per cent and Rolls-Royce Power Systems a 49 per cent stake.

Revival on Cards?

India is witnessing an improved growth trend in coal mining, as Coal India Ltd (CIL) is aiming an output of one billion tonne by 2020. CIL has earmarked a capital investment of Rs 57,000 crore, as part of the road map for one billion tonne target, with a planned capex of Rs 8,500 crore in 2017-18.

Wacker Neuson Group reports 20 per cent revenue growth in Q3

The Wacker Neuson Group reported revenue of EUR 378.7 million for the third quarter of 2017. This corresponds to an increase of 20 per cent relative to the previous year (EUR 315.7 million).

Chilean terminals opt for large cranes from TPS

Terex Port Solutions (TPS) has received two orders for large cranes from Chile. In the third quarter of 2016, a diesel-electric Terex Gottwald Model 8 mobile harbour crane in the G HMK 8410 two-rope variant has been delivered to Terminal Puerto Arica S.A.

Pick-n-Carry Hydra: Bestseller

As the Numero Uno bestselling lift and reach product, Hydra crane still continues to be the most demanding mobile crane category in India. Tyre-mounted articulated steering, hydraulic mobile pick-and-carry crane, colloquially termed ?Hydra?, was introduced in India

We will continue to contribute to the infra developments of India

The construction equipment industry is the only one in the country which has witnessed a continuous decline for the last five years. We are still witnessing a marginal decline in the first half of this financial year.

High Tonnage Cranes

Considering tyre-mounted cranes of above 300T capacity and crawler cranes of above 600T capacity as high tonnage cranes, there are still very few players in this segment, writes Ajay Kumar Somani.

Manitowoc posts double-digit growth in Q3

The third-quarter 2013 net sales in Manitowoc?s crane segment were $612.6 million, up 10.4 per cent from $555.1 million in the third quarter of 2012. Primary drivers were continued growth in the Americas and in crawler crane sales.

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