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Budget 2024: Key highlights

Key highlights of Interim Budget 2024

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.

Poised for growth

As coal mining activity escalates, the need for tipper trucks will rise.

Eicher drives modernisation in CV industry with future-ready Uptime Services

The company is expanding dealership network and scripting a customer centred experience

Komatsu India committed to a future of sustainable growth

The company is targeting to be carbon-neutral by 2050

Bauma CONEXPO INDIA 2023 - Highlights

The trade fair for construction equipment industry garners excitement!

Komatsu India committed to a future of sustainable growth

Komatsu is targeting to be carbon-neutral by 2050

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

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.

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.

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.

ACMA seeks uniform 18% GST for all auto components

Auto components industry body ACMA has urged the government for a uniform GST rate of 18 percent on all auto parts to curb the impact of counterfeits in the aftermarket operations.

ACMA seeks uniform 18% GST for all auto components

ACMA has urged the government for a uniform GST rate of 18 per cent on all auto parts to curb the impact of counterfeits in the aftermarket operations.

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.

Earthmoving equipment is a staple of the construction industry

Satin Sachdeva, Secretary General, Construction Equipment Rental Association (CERA) and member Global Rental Alliance (GRA)

Concrete proof

Growth is round the corner for concrete equipment as market is projected to cross $1,300 million by 2024, exhibiting a CAGR of 13 per cent because of anticipated growth in the construction industry.

Service sourcing strategies will lead transformation of Indian logistics ecosystem

In the current scenario of Covid-19 impact on the market, KION India is ready with the offering to manage labour shortage and no-contact material handling. Sunil K Gupta, President, KION India, shares more on the market trends and the company’s plans.

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.

1st IIEF lauds innovations in 5 categories

Industrial Products Finder (IPF), India’s largest circulated industrial magazine in its 49th year, virtually hosted First IPF Industrial Excellence Forum (IIEF) which comprised of two major segments— Conference and 5th IPF Industrial Excellence Awards, on January 15, 2021.

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.

All about vehicle scrappage policy!

CARE Ratings scrutinises the vehicle scrappage policy, which was unveiled by Road Minister Nitin Gadkar in the Lok Sabha recently.

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

Outlook on CE sector revised to ‘Stable’ with sharp volume recovery: ICRA

Two critical demand headwinds in the coming quarters are - the continued limited fiscal bandwidth with State governments to invest in infrastructure and the price hikes following the upcoming emission norm change in April 2022

Our products are designed with no-contact features

In the current scenario of Covid-19 impact on the market, KION India is ready with the offering to manage labour shortage and no-contact material handling. Sunil K Gupta, President, KION India, shares more on the market trends and the company’s plans.

We have a huge focus on Indian market

With three full-fledged warehouses in Bhiwandi, Bengaluru and Gurgaon, Jungheinrich is expanding its reach across the regions in the country. Manojit Acharya, Managing Director, Jungheinrich Lift Truck India, shares more on the market scenario and the company’s plans for the Indian market.

Budget cuts by states to adversely affect construction contractors: ICRA

The overall capex budgeted by states for FY2021 is likely to witness steep cut.

Govt takes note of CERA?s demands

The Union Government has taken note of the request submitted by the Construction Equipment Rental Association (CERA) on issues related to GST on equipment rental services

THE ROAD AHEAD

The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.

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.

Technology Boost for Logistics

With the advent of GST and giving infrastructure status to logistics sector, many logistics companies are investing heavily in warehouse space and infrastructure.

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.

Bigger Digger

Optimum utilisation of excavators is of utmost importance for the economic operation of the machine. All hydraulic excavator OEMs have introduced matching technologies for the optimum performance of their machines.

Recharge to Rebuild!

The manifesto of the NDA points towards building 12,000 km of roads per annum! In 2018-19, even though contracts awarded were to the tune of 15,000 km (against 17,055 km in 2017-18), the figure for roads constructed up to November 2018 has been 5,759 km (against 9,829 km in 2017-18).

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.

Riding on infra push

Pick-up in infrastructure spending and construction activities is expected to drive the demand for tipper trucks in the coming years.

Hallelujah! It's raining orders

The larger picture of various market researches shows growth for the construction equipment (CE) industry.

Rolling ahead

The Indian off-the-road (OTR) tyre market is becoming more competitive in the global space with the presence of a mix of national and international players.

SHOWTIME!

In spite of the positive sentiments in the construction and infrastructure industry, there are some risk factors visible which could affect the growth of the industry temporarily.

"Rental companies are backbone of Indian CE market"

For the next two years, at least the construction equipment rental companies will have to work both in an environment of uncertainty as well as promise of strong market.

Indian CE Market Overview

The market for construction equipment will follow an upward trend in the next five years.,

Raising the Bar

The good news is here! India notched the 77th rank in the World Bank's Ease of Doing Business, jumping 23 places up from last year. The report also recognises India as one of the top 10 reformers among 190 countries.

Pioneering Growth

Traditionally known for aerospace, engineering and IT, Bengaluru is fast emerging as a construction equipment (CE) hub in India with major players expanding their base in the city.

We are in line with the BS VI implementation timelines

The HCV volumes of Mahindra has grown considerably in FY18, with an enormous growth in the market share. Vinod Sahay, CEO - Mahindra Truck and Bus Division, Mahindra Construction Equipment Division, Mahindra & Mahindra shares more on the company's plans in line with the market developments.

Vertical Growth

Tower crane market is now on revival path, which was going through a lull period till recently. Going forward, a steady growth of real estate market could see a further momentum in tower cranes.

Aggregate Boom,Policy Gloom

Crushers and screens market is poised for a demand boom with the focus slowly shifting towards higher capacity machines to meet the growing demand for aggregates.

We plan to invest Close ?40 million in India

Schaeffler rolling bearings and plain bearings significantly contribute to the outstanding performance of a large variety of construction equipment worldwide. Harsha Kadam, Industrial President, Schaeffler India, shares more on the company's presence in India and future plans for the market.

GST positive for road logistics sector

The effect of the GST implemented in July 2017 has been largely positive for the road logistics sector and has led to several benefits. As per ICRA's comprehensive survey covering approximately 50 transport companies pan-India and 15 consumer-oriented companies across various sectors, the findings have been encouraging, though a lot remains to be achieved.

Eicher launches two new Heavy-Duty trucks

The two latest HD trucks are designed to maximise business profitability while optimising on the overall cost efficiency.

Capacities huffing and puffing

It's one year since the unified tax system of Goods and Services Tax (GST) came into force. GST has been a game changer in its vast sense considering the difficulties faced by the industry in terms of multiple tax structure.

New Growth Avenues

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

Best Practices in Warehouse Utilisation

Warehousing operations are becoming more complex and challenging with respect to the space availability and its optimum utilisation. Asim Behera explains more on the best practices in this direction.

Indian CE Market: AN Overview

Strong domestic demand generated by ongoing infrastructure development projects resulted in the construction equipment market rising to an all-time high of 72,197 units in 2011.

We aspire to delight our customers

As you know, Vashi Electricals is India's largest channel partner of reputed international brands of industrial electrical products. For us, 2018 is a year of celebration as we mark 40 successful and delightful customer service to industrial customers.

Infrastructure: The Way Forward

The total sales of 72,745 units of construction equipment in 2017 against 66,613 in 2016 brought back some sheen. The easing up of GST rate from 28 per cent to 18 per cent helped breathe but the launch of infrastructure projects brought a smile to the industry.

Infrastructure 2.0

Infrastructure development has always been on top of the agenda for our country. Every government has given due importance for the development of infrastructure facilities such as roads, railways, ports, airports, and industrial infrastructure of the country.

Infrastructure on fast track

The Indian infrastructure sector is not slowing down anytime soon, given the government initiatives and market demand. This makes it a feasible environment for the growth of construction equipment, writes Andy Dhanaraj, Director - Sales, Caterpillar India.

The race has begun

'Infrastructure 2.0' was the theme of our 10th Annual issue of ÿÈÕ³Ô¹Ï. The 5th Annual ÿÈÕ³Ô¹Ï Awards & CEO Forum held on February 16, 2018 in Delhi also hovered on the same theme.

Budget 2018-19: Infrastructure, Rural Development key

Infrastructure development has been one of the top priorities of the Union Budget 2018-19 presented by the Finance Minister Arun Jaitely in Parliament on February 1. Major investments and allocations are in roads, railways and rural development including agriculture and rural economy. Urban infrastructure development has also received a boost with the allocation for Smart Cities mission.

We expect good growth in HD truck segment

The mining and construction segments account for around 30 per cent of total heavy-duty (HD) truck market in India. But the segments have been facing tough times for the last 2-3 years.

ÿÈÕ³Ô¹Ï Awards & CEO Forum 2018

After the bitterly cold days and nights of the famed Delhi winter, spring is said to augur good tidings. Or so it is believed. Maybe, it was in continuation of this tradition that the city successfully held yet another edition of the ÿÈÕ³Ô¹Ï Awards.

Mahindra Logistics opens its largest multi-user facility near Pune

Embassy Industrial Parks, a joint venture between Embassy Group, India?s leading property developer and Warburg Pincus, a leading global private equity player, has signed Mahindra Logistics, one of the leading 3PL logistics firms in the country, as its client in their project based in Chakan, Pune.

Foundation of Infrastructure Research Studies Training (FIRST) hosts 5th ÿÈÕ³Ô¹Ï Annual Awards

The Foundation of Infrastructure Research Studies Training (FIRST) hosted the 5th ÿÈÕ³Ô¹Ï Annual Awards at Hotel LALIT in New Delhi on Friday 16th February, 2018.

We have showcased the 6025 FE tipper for surface-to-surface transportation

Customers in the construction sector are in search of higher-capacity trucks. The truck industry catering to mining and construction segment is in a transition mode as segmental shifts are taking place in terms of GVW, vehicle power, and performance Haulage trucks are being used for the transportation of aggregates, which is a new phenomenon.

Every third piece of equipment is financed by us

Overall, we see growth coming from earthmoving, road, and material handling equipment categories. More than 60 per cent of the equipment comprises earthmoving equipment (backhoe loaders, hydraulic excavators, wheel loader, etc).

Innovations in Warehousing

Warehousing industry in India needs innovative approach to achieve improved efficiency. Asim Behera explains more on the current scenario and the importance of advanced innovative warehousing solutions to meet the emerging demands.

Budget Boost

Budget 2018-19 rang in on 1st February for the second consecutive year in history. The budgetary expenditure on infrastructure for 2018-19 is being enhanced by Rs 1 lakh crore to Rs 5.97 lakh crore against an estimated expenditure of Rs 4.94 lakh crore in 2017-18.

Loads of opportunities

Mining and construction activities are on a growth path in the country. New projects (big and small), demolition of old structures to reconstruct new ones and transportation of materials at construction sites, all these make the role of tipper trucks important these days.

Moving Ahead

OTR tyre market is divided majorly into three segments: mining, construction and industrial equipment, agriculture vehicles and others. Mining, construction and industrial equipment such as loaders, bulldozers, tractors, forklifts, backhoe loaders, cranes, excavators, wheeled loaders, industrial trucks, skid steer loaders, etc

Localisation of production is a major factor

New year, New opportunities

The CE market is on a role with a lot of actions in the infrastructure development underway while many are in the pipeline. The new year is definitely a year of opportunity for CE industry in India considering the new life the infrastructure has gained after the corrective actions of the government on the bottlenecks in various projects.

The big movers

Being the major equipment class in the infrastructure development activities, Earthmoving equipment sees further demand growth in future owing to an anticipated growth in construction activities.

Mobilising growth

Tyres are important components of a vehicle or machine for making it mobile. When we think about tyres, the first thing coming into our minds is a vehicle. Automobile is the largest user of tyres.

The Show of Technology Prowess

Excon 2017 is all set to open its floors for the five-day mega technology feast on December 12, 2017. This year marks the ninth edition of the Excon, which has a 17-year strong legacy being organised since 2000.

We are showcasing technologies for complete road construction process

The last few years have been very good with respect to awards and constructions of road projects. We expect this trend to continue with construction of 19 km/day and the government working towards 30 km/day.

We will have our biggest presence in Excon this year

The construction equipment (CE) segment has already been riding a massive infrastructure push by the government. The CE market grew by around 32 per cent in 2016-17 (unit sales).

We will be launching 17 new products this year

The current construction equipment market in India is to grow at a rate of 25 per cent. Road, irrigation, ports, RMC, railways, metro rail, power (nuclear, thermal, solar, wind, hydro, gas based), real estate and other community buildings are the major demand drivers for our product line.

We desire to provide Affordable Uncompromised Mechanisation

The government has estimated a total infrastructure spending of about 10 per cent of GDP during 2012-17, up from 7.6 per cent during the 2007-12 period.

Access industry is still plagued with lack of legislation for safety

The market scenario of access equipment industry continues to be flat. As major manufacturers, we always hope that the market evolves and matures, but regret it hasn't been so over the last few years when we talk about new machines being imported into the country considering the fact that the market being nascent and quantities being low, there are no thoroughbred manufacturers in India.

This year Excon is driven by optimism

Following a three-year slump in demand, the equipment industry started looking up from the early 2015. During the later part of that year, the market growth gathered momentum.

We see Excon as a business facilitator

Post GST, the construction equipment (CE) sector in India had a short term hit. Retail hiring segment was adversely effected, as it is more of unorganised sector.

Customers may look for more productive solutions

The current equipment industry scenario is quite positive. The announcement of several infrastructure projects will further spur the demand of construction equipment, which will be beneficial for the industry.

Excon 2017 marks revival of Indian CE industry

After a continuous phase of sluggish market and recession, the construction equipment sector is on the verge of a turnaround now. The sector has received a boost with the government's renewed focus on road building, as a result the market grew by 16 per cent in 2015, and further by 39 per cent to peak in 2016.

Reasons to cheer

Better late than never. The Central Government has finally lowered the GST rate on construction and mining equipment to 18 per cent, from 28 per cent. Though, for some 15 per cent products, GST still remains 28 per cent, according to industry sources.

MAN flags off pan-India drive

MAN Trucks India has undertaken a unique customer outreach, named ?The MANExpedition?. The activity comprises five haulage trucks starting from Pune,Dhanbad and Kochi, respectively that will traverse the country over 22 days.

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.

Schaeffler India posts net growth in Q3

During the June-September 2017 quarter, total income (net) for the quarter increased to Rs 5,103 million, higher by 4.2 per cent than the corresponding quarter of 2016.

Mahindra Powerol launches 250/320 kVA DG sets

Mahindra Powerol announced its entry into the higher kVA diesel generators (DG) segment with the launch of its all new range of 250/320 kVA DGs, which are powered by the Mahindra mPower series of engines.

Small Machines, Big Role

Construction minis contribute to mechanisation of the last miles of various construction activities. These can be grouped under concrete, compaction, finishing and many other similar sections.

Access market for new machines has grown by 24 per cent

Although there has been an increase in awareness of the use of access equipment for safe and productive work at heights, compared to matured markets of Europe, the US, South America, Australia, Singapore, the Middle East, Japan, South Korea and China the growth in India has been dismal and nowhere close to its potential.

Warehousing Equipment Aiming New Heights

Driven by the growth of various industry segments such as FMCG, pharmaceuticals, food and beverages and e-tailing, logistics distribution hubs and clusters are mushrooming in all major parts of the country.

More engines of growth needed

Off-Highway Research reports a turnaround in the global construction equipment (CE) market, which is expected to grow 16 per cent this year.

On a Brighter Note

The government's increased focus on port infrastructure and through budget and Sagar Mala programme has opened new growth avenues for port equipment industry and is looking forward to a brighter future in India.

Our ultimate aim is to bill one lakh customers a year

From just an electrical channel partner, Vashi Electricals has grown to become a company of procurement specialists, helping customers from various verticals, including infrastructure equipment. Sanjeev Bhatia, Partner, elaborates more on the company and its vision for future.

Will CE cross 'Mount 52,500'?

Will CE cross its previous peak of 52,500 units achieved in 2011 this year, despite the additional burden caused by GST? The majority feels that the peak is within reach.

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.

BAI meeting deliberates critical aspects of GST

The Builders Association of India (BAI) organised the inaugural function of second general council and managing committee meeting in Hyderabad.

GST Council needs to prioritise CE

Dr E Sreedharan was revered and acknowledged as India's 'Metro man' because he managed to do the impossible, i.e., dig into Delhi while it worked and build the metro rail, and that too, in record time. His execution won him laurels.

FROM RECOVERY TO GROWTH

The construction market in India is the second largest in Asia-Pacific Countries (APAC) region and is expected to become the fastest growing market in the region by 2025.

A Smooth Rollout?

Emerging markets with infrastructure needs continue to accelerate the growth of construction equipment manufacturing, which in-turn drives the bearing market in construction segment.