Bracing for Future Opportunities
The engine is the heart of a vehicle or an equipment. So, engines play an important role in the successful operations of the equipment. Diesel powered engines provide higher torque and power to especially heavy equipment working in harsh and extreme conditions. Over the years, the properties of diesel engines have transformed to become smaller and lighter, but at the same time powerful. Emissions play an important role in the environment-friendly operations of an equipment and low carbon footprint and low emissions is the mantra of future. India is going to implement the next level emission regulations this year, starting from April for on-road vehicles and from October for off-highway equipment. Engine manufactures have done a lot of design changes and modifications to suit the requirements of the new emission regulations and the market is ready for embracing the new emission regulations for the on-road vehicles. <p></p><p>However, the market plunged into another slowdown from the unprecedented attack of the novel coronavirus 2019 (COVID-19) globally. This is happening at a time when the global market was recovering from the slowdown that was hit the market for the past couple of years. The<a href="https://infrastructuretoday.co.in/web-exclusive/COVID-19-Blues--Govt-Moves-in-to-Provide-Relief-to-a-Stalled-Economy/116819"> COVID-19</a> has adversely impacted the whole industry globally and diesel engines market is no exception. With the country is under complete lockdown till April 14, 2020, the sales of <a href="https://infrastructuretoday.co.in/feature/GST-will-lead-to-savings-of-10-12--of-overall-supply-chain-cost/103244">construction equipment</a> in India have already started downward journey and is expected a 50 per cent down in sales in 2021-22, according to reports. This will definitely impact the prospects of the diesel engines market. The market has already spent a lot on the new designs and upgradation of the engines to meet the requirements of the next emission regulations. A slowdown in equipment sales is going to slip the market demand for new engines. Also, according to reports, the construction equipment industry is planning to request the government to postpone the implementation of the CEV BS-IV regulations from October 2020 to a later date. </p><p>At a time when the whole world is reeling under the attack of the deadly virus, industry is trying hard to be at foot by working remotely on whatever possible. Once followed the instructions of keeping safe distance each other and stay at home can break the chains of spreading the virus. Thus, it is a matter of time for the world to contain the virus attack and bring the life back to normal and the industry also to bounce back. The future is full of opportunities and the industry will flourish with more actions in future. </p>