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Indian Mining and CE Industry Faces Modest Growth

The slowdown is attributed to reduced domestic project award activity

ACE Reports 16.6% Growth in Total Income

Company achieves highest-ever quarterly revenue

JCB inaugurates new dealer branch in Hosur, Krishnagiri

JCB India announced the opening of the newest branch of its Dealership, TRR Automotive in Hosur, Krishnagiri district.

The future of foundation engineering looks promising

Animesh Nandy, Managing Director, Bauer ÌÒ×ÓÊÓƵ

ACE posts robust Q2 FY25; revenue up by 14.5% YoY

ACE registered its best-ever Q2 i.e. Jul-Sep quarter in terms of revenue and margins

Road ahead for CE industry

Driven by increased government spending, rapid urbanisation, technological advancements, and the ‘Make in India’ initiative, the RAHSTA (road) ahead for the CE industry is bright with full of possibilities and opportunities.

Why is CE Industry Shying Away from Sharing Info

At a time when even the Supreme Court forced the Government of India to reveal the donors to the electoral bond scheme, there are associations in India, which are not maintaining the spirit of transparency, argues PRATAP PADODE.

Truck Rentals Rise in July

Used commercial vehicles showed a healthy YoY growth across all weight categories

Indian CE Sales Rise YoY

Indian Construction Equipment industry sales recorded 5 per cent YoY growth; 31 per cent MoM degrowth in April 2024.

Escorts Kubota CE sales jump 9% in March 23

Escorts Kubota Construction Equipment Business Division in March 2024 sold 662 machines registering a growth of 9.2 percent as against 606 machines sold in March 2023.

Zoomlion records 79.2% YoY increase in international revenue

The company achieved an annual revenue of RMB 47.075 billion

Our focus is to promote high-efficiency motors & drives in tier 1-3 cities

Sanjeev Arora, President, Motion Business, ABB India, speaks on customised solutions, localised manufacturing, and sustainability drive.

The Indian CE industry crossed 1,00,000-unit sales in 2022-2023

Sandeep Singh, Managing Director, Tata Hitachi Construction Machinery, speaks on the growing market for construction equipment in India.

CII targets over 15% YoY growth in next 5 years

The event witnessed the participation of leading names from the industry, government, and stakeholders from the infrastructure and construction equipment sector.

Building the Future

The market for wheel loaders is seeing fresh traction due to the buoyancy in road construction activities. Fresh off take of coal due to a surge in thermal power production is adding to the demand.

OEMs are anticipating 15% YoY demand growth

Piero Guizzetti, CEO, MB Crusher India, speaks on the trends and developments in the crushing and screening equipment market in India.

Embracing the Rental Revolution

Rental penetration is a bit low in the mining equipment industry, but it is increasing on YOY basis due to awareness and availability of latest mining equipment.

NHAI grants 6,003 km of highway projects in FY23

The infrastructure project awarding activity picked up and gathered pace in Q4 of FY23 with NHAI awarding a total of 6003 km of projects in FY23 significantly below its FY23 target of 6500 km as stated in a report by Motilal Oswal Financial Services.

Automation at the Forefront

Companies use automated material handling equipment because it increases productivity and reduces waste, which results in significant cost savings.

CE industry grows by 25% in FY2023

The quick expansion in road and infrastructure development activity across the nation, fuelled by significant governmental expenditure as well as private sector initiatives, is the primary cause of this wise rise in the industry's fortunes.

Construction equipment sales grew 26% to cross 1 lakh mark in FY2022-23

YoY 28.5% growth in domestic sales, 3% growth in exports

Construction equipment ind. grows by 25% in FY2023

Construction equipment industry grows by 25% in FY2023

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.

We continually make investments to upgrade our facilities

Satya Ranjan Mohapatra, Deputy General Manager (IB & IS), Tide Water Oil, speaks major products from the company and its salient features.

Smooth road ahead!

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

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

The Association of Indian Forging Industry (AIFI) has witnessed a challenging time in the first half of 2022 as a result of increased input costs, particularly steel, aluminum, and nickel prices.

Components industry to witness 60% decline due to EVs: AIFI President

AIFI has expressed concerns to the government over high steel, aluminum, and nickel prices, as the increase in steel prices has damaged the Indian forging industry

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

• The increase in steel, aluminium, and nickel prices have hammered the industry in India

Tata Elxsi doubles Q1 hiring on push from EVs

Tata Elxsi, a leading provider of design-led technology services including the auto sector, added 771 employees during April-June (Q1FY23) period.

Loaded with opportunities

The wheel loader market is estimated to be valued at over $23.74 billion by 2030. It is anticipated to reach a CAGR of over 8.9 per cent during the forecast period from 2022 to 2030.

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.

Infra push for mini equipment

According to Arizton’s latest research report, India’s construction equipment market will grow at a CAGR of 8.9 per cent during 2022-2028. Mini excavators hold a decent share in the overall construction equipment industry.

$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.

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.

All eyes on Excon!

The year started with venues opening up slowly after a lull in the last two years. In line with the growth of the industry, the 11th edition of Excon—termed South Asia’s largest construction equipment (CE) and construction technology trade fair—will take place at the Bangalore International Exhibition Centre (BIEC) from May 17-21.

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.

Mathur of Tata Hitachi: Mining policy revival offers promise for new players

Hemant Mathur, AVP – Sales and Marketing, Tata Hitachi Construction Machinery, speaks on the overall performance of the mining sector in India, and the segments that are driving the demand for their products.

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.

Manish Mathur of ACE: Overall outlook for next two years in positive

Manish Mathur, CEO – Cranes, Action Construction Equipment, speaks on how the market for medium and heavy-duty mobile cranes progressing in India.

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.

Overall outlook for next two years in positive

The overall outlook for next couple of years for pick and carry, and medium and heavy duty mobile cranes is positive. While we expect a sustainable growth on YoY basis, but due to pandemic, we might see some hiccups in between.

The all-rounder

Integration of advanced technologies such as telematics and fleet management systems are providing a positive outlook to the market for telehandlers.

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.

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.

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.

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

GDP growth to contract by 20 per cent for Q1FY21: CARE Ratings

Taking cognizance of the adverse impact of the lockdown, CARE Ratings is expecting the real GDP growth at -20 per cent year-on-year (YoY) for Q1 FY21.

India will be a high growth market: Vivek Hajela

L&T has fully conceptualised, designed, developed and manufactured in-house wheel loaders with more than 90 per cent components sourced domestically. Vivek Hajela, General Manager and Head - Construction Equipment Business, Larsen & Toubro, shares more on the market scenario and outlook.

Co-lending and leasing becomes the key tool this year

Srei Equipment Finance offers innovative financing solutions to equipment purchasers, even those new to the Indian equipment financing market.

MHE holds enormous growth potential

Despite the relative slowdown in demand in the current fiscal, the market for material handling equipment (MHE) will continue to expand in double digits over the next few years.

Sustainable Market for Trucks

Pick up in infrastructure spending and construction activity, especially in roads and highways, irrigation and affordable housing segment, will continue to support demand for construction trucks.

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.

There isn't one new normal for the industry any longer

Metso Corporation has unveiled plans for Rs 5.6 billion investment to consolidate its operations in India. The Helsinki-based industrial major is a global provider of equipment and services for the mining, aggregates, recycling, and process industries through its minerals and flow control segments.

Looking for a Turnaround

New Growth Avenues

Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.

BICES 2017 205-Day Countdown Ceremony

On February 27, the 14th Beijing International Construction Machinery Exhibition & Seminar (BICES 2017) ushers in its 205-day countdown, and all sponsors of BICES jointly organised and held the Countdown Press Conference in Beijing.

BICES 2017 205-Day Countdown Ceremony

On February 27, 2017, February 2 in the lunar calendar, the traditional ?Dragon Head-Raising Day? when all things begin to grow up, the 14th Beijing International Construction Machinery Exhibition & Seminar (BICES 2017) ushers in its 205-day countdown, and all sponsors of BICES jointly organized and held the Countdown Press Conference in Beijing.

On Course for Success

Road construction is driving the Indian compactors market. This is expected to continue. ?Most of the current demand for both soil and tandem compactors is for road projects,? says Ramesh Palagiri, Managing Director & CEO, Wirtgen India.

We will be showcasing our own branded rock breaker and trenching bucket

Last few years have been tough on the construction equipment (CE) industry in general. The total industry volume has gone down across segments and has strained many organisations in this space.

Accessing Heights, Safely

As the access equipment industry matures in India and users become more aware on the advantages of using such equipment over conventional practices of working at heights, the rental sector in India is poised for a very bright and promising future.

Excavators to Dominate

Within the Indian construction equipment industry, the crawler excavator segment is the largest by value and the second largest, after backhoe loaders, in terms of number of units sold.

Diggers to get busier

The numbers published by ICEMA clearly shows that there is a slight uptake on the larger equipment like excavators and wheel loaders. In the smaller equipment like mini excavators, backhoe loaders etc have still to pick up the trend. Elaborating the prevailing scenario and the growth drivers.

Manufacturing industry boom to propel MHE market

Coming year, we are going to launch a couple of products in electric segment including a premium electric forklift, and a more efficient version of our stacker and battery-operated pallet truck. We are also planning to launch a new model of IC forklift, says MRV Johnson, Chief Marketing Officer, KION India.

Concrete moves

Despite the Rs 2,500-crore concrete equipment industry registered nearly 40 per cent fall in the market and is under severe pressure, there is tremendous growth opportunities in the long term.

BHL Continues to Rule the Roost

The world over, construction practices and methodologies determine the selection of the type of equipment, to a great extent. However, in India, backhoe loader (BHL) controls the lion's share of the total equipment sale; it is wheel loaders that dominate the Chinese CE market and crawler and mini excavators that control the European and American markets.

We will soon expand our product range for high-end customers.

We expect fuel efficiency will be the prime driving force behind the demand for BHL in the near future, says Sunil Tiku, Senior Director - Sales & Marketing, Terex India. Excerpts from the interview.