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Chasing Growth!
Despite rising input costs and transition to CEV stage-IV engines, the CE market is expecting a growth of over 11 per cent in 2022-23.
Indian auto component industry likely to grow 8-10% in FY23
According to rating agency Icra, the Indian auto component industry might have 8% to 10% growth in Financial Year (FY) 2023, due to the easing of supply-chain issues along with commodity inflation in the next half of the year.
APCO, DRAIPL, HG Infra bag honours as fastest growing construction companies
The companies were awarded at the 19th CONSTRUCTION WORLD Annual Awards.
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.
Light at the End of the Tunnel
Tunnels seem to be coming up in metropolitan and remote areas alike, so TBMs and other equipment should be in demand. How is the industry gearing up?
The industry has crossed the worst phase
The market is now looking at a new dawn with a number of new projects. Shantanu Sinha, Executive Director, Trenchless Toolbox, elaborates on the current market scenario and the company’s plans ahead.
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.
Zoomlion delivers best operating performance in 2019
Zoomlion Heavy Industry Science & Technology Co (Zoomlion) has reported a 116.42 per cent increase in profit of RMB 4.371 billion ($616.18 million) for the year ending December 31, 2019, according to its annual report released on March 30, 2020.
Mining Needs a Leg-up
For India to achieve its full potential in the mining sector, policymakers need to give a leg-up in lifting the mining sector on a high growth path. Jayanta Roy elaborates on the mining industry scenario in India.
We continuously strive to upgrade our product portfolio
Infrastructure, mining, quarrying and waterwell are the four major segments of portable compressor business.
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.
We create the right product mix for customer productivity
Portable air compressors play a pivotal role in quarrying and mining applications. The quarrying application specifically, is a segment of paramount importance, looking at the amount of stone which is required for infrastructure projects.
Rental Market for Diesel Gensets
The growing construction market coupled with development of industrial and commercial applications including manufacturing, service sector and events have buoyed the growth of diesel generator rental market in India.
Wheel loader market is expected to grow by 17-18%
The wheel loader market in India has been growing at a brisk pace over the last couple of years after touching a low in FY 2015-16. The 3 to 3.5 Ton-class wheel loader market has witnessed 17 per cent growth in the FY 2017-18 till now.
Wheel loader market is expected to grow by 17-18%
We are focusing on making our wheel loaders versatile and suitable to meet various applications in roads, railways, irrigation, mining and industrial works by developing new attachments and variants, says Vivek Hajela, General Manager and Head - Construction Equipment Business, Larsen & Toubro Ltd.
We expect significant buying interest from customers
India's equipment industry has witnessed a healthy growth during the past decade and its long-term prospects look solid. Infrastructure demand is the primary factor driving construction equipment industry's growth.
Portable Air Compressors
A portable air compressor is used to supply compressed air on construction sites, road works, or whenever people need compressed air where a stationary compressor is not suitable.
We expect good growth in demand for compressors
The equipment industry is in constant evolution where there is not just product innovation but also application innovation. New technology also creates new opportunities and improved ways of using equipment.
Crushers & Screens| High on Demand
With infrastructure and construction sector on fast-track, especially road sector, aggregate processing has become essential to support the construction activities with a matching pace.
Excavators Excel
Driven by the infrastructure development activities in the country, hydraulic excavators recorded a sharp growth in 2016 compared to the previous year. The positive trend is continuing this year also with a 26 per cent growth in the first four months.
Construction enabler
India is on a fast track to develop world-class infrastructure in the country. Commencing with road sector wherein a construction speed of 40 km a day has already been achieved, plans are afloat to take it to 100 km a day. Similar traction has begun in other construction sectors like canals and more will follow.
The Road Ahead
The need for better infrastructure is pressing with India?s rapid urbanisation and burgeoning middle class. Some 590 million people will live in cities by 2030, and could account for 70 per cent of Indian GDP, according to a McKinsey report.
Forging Ahead
The Indian forging industry is poised to grow and see major investments for capacity expansion in the coming years. The Prime Minister?s ?Make in India? vision will be added fillip to the industry?s plans to diversify its focus into non-automotive and industrial segments apart from automotive sector.
The Show is ON
The market sentiments are right; the government is taking right decisions for growth and development; and the construction equipment sector is sure to face a turnaround.
The Road Ahead
The need for better infrastructure is pressing with India?s rapid urbanisation and burgeoning middle class. Some 590 million people will live in cities by 2030, and could account for 70 per cent of Indian GDP, according to a McKinsey report.
Annual demand for industrial cranes should touch 12,000 by 2015
Growth in various sectors such as power, infrastructure, construction and heavy engineering will drive the growth of the Indian cranes industry, says Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems.
It's time for the show!
The 3rd edition of bC India, which mirrors the pulse of the CE industry, is expected to attract over 30,000 visitors to witness the exciting range of construction and mining equipment and machinery.
Road 2 recovery
Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.
Growth will pick up only if the government ensures a good mix of BOT and EPC projects
The government has to address issues like long-term funding for road projects, faster land clearances and introducing more stringent prequalification criteria for contractors who are bidding for road projects. The blocks have to be cleared to expedite a healthy growth in this sector and to attract the private sector for BOT projects, says Rohit Punjabi, Assistant Director (Strategy and Marketing), Liugong India. Excerpts of the interview.
We are one of the first major players in India to get into cold forging.
We were the first company in India to successfully develop a fracture split connecting rod and this was a major breakthrough at that time. Our engineering capability is what differentiates us from others because of which we can produce very high quality and high precision products for the customers, says Viraj G Kalyani, Executive Vice President, Kalyani Forge. Excerpts from the interview.