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Enhancing Efficiency and Safety
Telehandlers have emerged as indispensable equipment in India鈥檚 burgeoning infrastructure and industrial sectors, offering versatility, efficiency, and safety in material handling operations.
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.
Escorts Kubota contemplates sale of railway equipment division
During 1Q, Escorts Kubota navigated a decline in tractor sales
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.
Escorts Kubota Q2 standalone net profit at Rs 87.7 cr
Q2 standalone profit before exceptional items and tax at Rs 191.5 cr.
Escorts Kubota Q1 profit at Rs 147.5 cr
Escorts Kubota reported a net profit of Rs 147.5 crore in the quarter ended June 30, 2022, as against a profit of Rs 185.2 crore in the corresponding quarter of the previous fiscal.
Escorts Kubota Q1 profit at Rs 147.5 cr
Construction equipment volumes up by 59.4% at 966 units
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.
Escorts is now Escorts Kubota
Escorts and Kubota Corporation, Japan have decided to strengthen their partnership aligned to their vision of global leadership in farm mechanisation and spreading farming prosperity.
$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.
Escorts Limited is now Escorts Kubota
Escorts and Kubota Corporation, Japan have decided to strengthen their partnership aligned to their vision of global leadership in farm mechanization and spreading farming prosperity.
Escorts launches India鈥檚 first Hybrid Pick-n-Carry Crane
Escorts Construction Equipment (ECE) launched NXT13DC CNG, India鈥檚 first Hybrid Pick-n-Carry Crane, with dual Fuel (Diesel & CNG) and RC2522, India鈥檚 first Mono Chassis Safe Crane with 25T lift capacity.
Escorts Q3 standalone profit up 14 per cent
Escorts reported standalone quarterly profit of Rs 201.5 crore in quarter ended December 2021 up by 14 per cent as against a profit of Rs 176.7 crore in sequential quarter and down by 28.2 per cent as against a profit of Rs 280.7 crore in the corresponding quarter.
CII Excon 2021 to aid India to become second largest CE market by 2030
The Confederation of Indian Industry (CII) has announced the 11th edition of Excon, South Asia鈥檚 largest construction equipment, and construction technology trade fair, which will take place at the Bangalore International Exhibition Centre (BIEC), Bengaluru from May 17-21, 2022.
CCI approves Kubota Corporation's acquisition of equity in Escorts
The Competition Commission of India (CCI), the fair-trade regulator, approved Kubota Corporation's acquisition of certain additional equity in Escorts Limited.
Towering up
Crawler cranes are expected to see a surge in demand with the spurt in infrastructure development projects.
CCI approves Kubota Corporation's acquisition of equity in Escorts
The Competition Commission of India (CCI), the fair trade regulator, approved Kubota Corporation's acquisition of certain additional equity in Escorts.
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.
Kubota increases its stake in Escorts
Escorts and Kubota, a global leader in tractor and machinery, have decided to strengthen their partnership in pursuit of their vision of global leadership in Agri Machinery.
Kubota increases its stake in Escorts
This partnership with Kubota will enable Escorts to have access to global best practices and state of the art research & development facilities.
Escorts announces strategic organisational changes
Escorts, an Indian firm manufacturing agricultural tractors and construction equipment, has announced a leadership transition, comprising the elevation of Bharat Madan as President Finance, Group Chief Financial Officer and Corporate Head.
Japan's Kubota may raise stake in Escorts
Japanese agriculture and heavy equipment firm Kubota Corp is in talks with the Nanda family - promoters of India's Escorts to increase its stake and eventually become a controlling shareholder in the tractor maker and engineering construction company, said people aware of the matter.
Escorts facilitates 37k+ Covid-19 vaccinations in Faridabad
Under its corporate social responsibility programme, Escorts, India鈥檚 leading engineering conglomerate, conducted over last 42 days free Covid-19 vaccination camps, inoculating over 37,000 residents in and around Faridabad district in Haryana.
Escorts Q1 results FY22: Net profit at 185.2 cr
Tractor manufacturing major Escorts recorded a two-fold jump in net profit during the quarter ended June 2021. The firm posted a 101 per cent increase in standalone net profit at Rs 185.2 crore against Rs 92.2 crore in the previous year.
There is upsurge in demand for medium & high-capacity cranes鈥�
The medium and heavy-duty mobile cranes market is progressing largely in India due to the growth in the construction industry of the country.
Mobile cranes with latest tech would be in good demand
The scenario in India is encouraging due to two reasons 鈥� first, the paradigm shift towards buying new cranes from importing used cranes; second, the increase in use of heavy duty mobile crane in construction, cement, steel, wind and power sectors.
Escorts facilitates 37k+ Covid-19 vaccinations in Faridabad
The initiative named 鈥淐OWINNER鈥� commenced on July 2 at QRG Health City, Faridabad and concluded on August 12, 2021.
Escorts Q1 results FY22: Net profit at 185.2 cr
Tractor manufacturing major Escorts recorded a two-fold jump in net profit during the quarter ended June 2021.
Escorts announces Covid relief measures for its employees
Escorts Ltd., India鈥檚 leading Engineering conglomerate, has adopted a series of measures to support employees amidst second wave of Covid-19 pandemic. These include both healthcare and financial aid for employees and their families in these difficult times.
Escorts Ltd. announces Covid-relief measures for its customers
In order to support the farming community amidst the second wave of Covid-19, Escorts Limited, India鈥檚 leading engineering conglomerate, announced Covid-19 relief measures for its customers across India which include Covid support to cover expenses in case of hospitalisation and home treatment expenses.
Escorts' standalone profit up by 80.0% to Rs 874.1 cr
Escorts reported standalone profit of Rs 874.1 crore for the year ended March 31, 2021, up by 80.0%, as against a profit of Rs 485.5 crore in the previous year.
每日吃瓜 Awards 2020 to be held online
In the prevailing pandemic conditions, The 8th Annual 每日吃瓜 Awards will be held virtually on October 15, 2020
Pre-owned Equipment Market to Excel
The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.
Used Equipment Market to Flourish
The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.
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?
Kubota to invest in Escorts, to deepen partnership
Kubota Corporation, a leading global tractor and machinery manufacturer from Japan, will acquire 10 per cent equity stake in Escorts, a leading engineering conglomerate in India, in order to integrate and deepen their relationship towards achieving their mutual ambition of global leadership.
每日吃瓜 AWARDS 2019
The 7th Annual 每日吃瓜 Awards 2019 recognised and rewarded the top performers of Indian construction equipment industry.
Best debutant award
Ankit Goel, Chief-R&D, Escorts Construction Equipment (centre) receiving the award from Steve Jones, Senior Director, Industry Insights Research, Dodge Data & Analytics (right), in the presence of Pratap Padode, Founder and President, FIRST Construction Council (left).
Escorts Q2 profit up
Escorts reported a standalone profit of Rs 1.046 billion in quarter ended September 30, 2019, up by 1.8 per cent as against a profit of Rs 1.027 billion in the corresponding period last year.
Escorts showcases India's first Hybrid Concept Tractor
At Esclusive 2019, Escorts' annual innovation platform, the company announced India's first Hybrid Concept Tractor, powered by fuel and battery both.
Towering opportunities
Choosing a tower crane is increasingly about safety and productivity features, as customers seek to lift more with less power, upgrade to a higher capacity economically, and safely use multiple cranes at space-constrained project sites.
Escorts showcases India?s first Hybrid Concept Tractor
At Esclusive 2019, Escorts? annual innovation platform, the company announced India?s first Hybrid Concept Tractor, powered by fuel and battery both.
Escorts standalone profit up by 40.7%
Tractor sales at 96,412 units were up by 19.9 per cent as against 80,417 units in the previous fiscal.
Transforming Skill Landscape
Shortage of skilled operators has been a major challenge faced by the infrastructure and construction industry for the past many years.
Escorts to create new standards in customer service
Escorts announced the launch of a new innovative and disruptive feature called ?24X7 Care Button? on its entire range of Powertrac and Farmtrac tractors.
bauma CONEXPO INDIA 2018
The construction equipment expo - held in December 2018 in Delhi - scaled new heights even while participants expressed their apprehensions on the market scenario in 2019 owing to the upcoming elections.
Autonomous farming solutions from escorts
At its annual innovation platform, Esclusive 2018, Escorts announced its automated farming solutions with the launch of India's first automated concept tractor that brings the power of next generation digital vehicle technologies aimed at precision-based farming.
Escorts announces new ventures
In late August, Escorts announced plans to manufacture rough terrain (RT) and truck-mounted cranes in joint venture (JV) with Tadano Ltd.
Port of call
Cargo traffic at Indian ports is gradually growing. Containerisation and palletisation of cargo is on the rise, though there is still far more to go for us to have a sizeable share of containerised and palletised cargo in the global market.
Escorts launches Autonomous Farming Solutions
At its annual innovation platform, Esclusive 2018, Escorts Limited announced its Automated Farming Solutions with the launch of India?s first Automated Concept Tractor that brings the power of next generation digital vehicle technologies aimed at precision-based farming
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.
Escorts appoints Nikhil Nanda as new CMD
The Board of Directors of Escorts Limited appointed Nikhil Nanda as the Chairman and Managing Director (CMD) of the company.
Escorts Chairman Rajan Nanda passes away
Chairman and Managing Director of Escorts Limited, Rajan Nanda, passed away on August 5, 2018 after a brief illness. He was 76 years.
Lifting up Expectations
Gone are the days of slowdown and stagnation for mobile cranes market. Many equipment were seen idle with projects not taking off as expected.
New Tractor Series from Escorts
Escorts launched India's first electric and hydrostatic concept tractor and an expanded global portfolio of tractors for the export and domestic market in 22 HP to 90 HP range under the brands Farmtrac and Powertrac, compliant with tier 4 emission norms of Europe and America amidst 43 international distributors.
Backhoe loaders:Leading the Growth
At present, the construction equipment (CE) sector is mainly dominated by heavy earthmoving equipment. Within this segment, it is the backhoe loaders (BHLs) which constitute more than 65 per cent of heavy earthmoving equipment sales.
Backhoe Loaders: Back in Action
Backhoe loader is the front-runner among the infrastructure equipment used in the country with almost 50 per cent of the market share in number of unit.
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.
Escorts unveils new pick-n-carry crane at Excon 2017
Escorts Construction Equipment (ECE) launched India?s safest pick-n-carry crane (as the company claims), CT Smart 15, at the Excon 2017 in Bengaluru, along with best-in-class (performance, productivity and reliability) soil compactor 3212 in 12-tonne class and upgraded Hydra series pick and carry crane.
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.
Escorts showcases new products at IREE 2017
Escorts has developed a series of new products to make rail travel safer and faster. The new products include anti-lift AARH couplers, axle-mounted disc brakes, brake disc for high-speed LHB coaches, locomotive brake electronics for both electric and diesel locomotives, high-end dampers for locomotives and LHB coaches besides air springs.
New Escorts Tractor Series
India's first electric and hydrostatic concept tractor and an expanded global portfolio of tractors for the export and domestic market in 22 HP to 90 HP range under the brands Farmtrac and Powertrac, compliant with tier 4 emission norms of Europe and America amidst 43 global distributors.
Rolling ahead
Roads and highways is still going strong as the most happening infrastructure sector in India with many ongoing projects and many in the pipeline. India has the second largest road network across the world at 4.7 million km and is still growing.
Escorts unveils India?s first electric tractor concept
Escorts Ltd launched India?s first electric and hydrostatic concept tractor and an expanded global portfolio of tractors for the export and domestic market in 22 HP to 90 HP range under the brands Farmtrac and Powertrac, compliant with tier 4 emission norms of Europe and America amidst 43 international distributors.
On A moderate growth
Pick-and-carry crane is a product that is unique to India. It has a rigid (as opposed to a revolving) superstructure, and is essentially a material handler that is used on a wide variety of light lifting tasks which in other countries would probably be done by an industrial crane or a telescopic handler.
Back on Growth Path
Given its versatility and mobility, backhoe loader finds great use at almost every construction site, both urban and rural India. This multi-purpose machine continues to perform a variety of tasks at sites and is used for digging, dosing, levelling and lifting activities.
Escorts inducts new Group HR Head
Escorts has appointed Amanppreet Singh Bhatia as the new Group HR Head. Amanppreet has more than 25 years of experience across commercial vehicle and engineering solutions, consumer durable and FMCG space. At Escorts, he will focus on organisational transformation and human resource strategic roadmap to build a strong employer brand.
Escorts launches RPL certification program
Escorts Skill Development, an associate company of Escorts Ltd, launched the Recognition of Prior Learning (RPL) certification program under the Ministry of Skill Development and Entrepreneurship at various locations in Delhi and Haryana.
Escorts launches RPL certification program
Escorts Skill Development, an associate company of Escorts Ltd, launched the Recognition of Prior Learning (RPL) certification program under the Ministry of Skill Development and Entrepreneurship at various locations in Delhi and Haryana.
New Escorts Backhoe Loader - JUNGLI
Benjamin Disraeli, once famously said, ?the secret to success is constancy of purpose?. This, in one line, sums up the spirit of our business. Be it pick-n-carry cranes, vibratory compactors or backhoe loaders, Escorts has, from time to time, introduced path breaking products/technology.
Escorts appoints new CEO,CE Business
Escorts Ltd announced the appointment of Ajay Mandahr as the new Chief Executive Officer of its Construction Equipment Business. Mandahr brings 26 years of experience in construction equipment, material handling and manufacturing industry.
Escorts appoints Ajay Mandahr as CEO of CE business
Escorts Ltd announced the appointment of Ajay Mandahr as the new Chief Executive Officer of its Construction Equipment Business. Mandahr brings 26 years of experience in construction equipment, material handling and manufacturing industry.
Escorts Ltd divests auto products business
Escorts Ltd announced the divestment of its OEM and export business of auto product division to Badve Engineering Ltd
Backhoe Loaders Get a Rural Boost
Gone were the days when the backhoe loader market was exploding in all facets of India?s infrastructure development. All recognised suppliers were registering negative to flat trajectory growth since FY 2011.
Another High in Safe Cranes
We are confident of Escorts F20 being the star crane of 2016, writes Rajinder Raina.Escorts? commitment to providing matching solutions in the cranes market is its mantra for leadership.
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
CE Hydraulic Cylinders - Bright Future Ahead
On ground demand of construction equipment (CE) spurs the requirement of hydraulic cylinders for various essential applications by the OEMs. 每日吃瓜 zeroes in on this segment to develop granular market insights.
We dont generally procure used equipment
We call for quotes from different companies and based on technical evaluation by our mechanical section, we do recommend for which type of equipment we should go for. This is based on 3-4 major factors: after sales service, performance parameters available in the market and pricing.
Sour CE Issue
Essentially, CE selection and procurement is a complex metrics-based decision making activity that requires active involvement of the concerned stakeholders of an organisation.
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.
?Over the last 20 years, we have developed an impressive customer base.?
Helekar?s is a consultancy organising training programs on Defensive Driving for various categories of drivers. In last 20 years it has conducted more than 8,500 programmes all over India and trained more than 1,47,000 Personnels.
Most Popular Hydra Cranes
The market preference for Hydra cranes is tending towards eight-tyre based, front operator cabin and boom mounted wheel operated steer, Hydraulic mobile cranes. The pros and cons of this emerging trend are presented by 每日吃瓜.
backhoe loaders:flat Growth
Backhoe loaders are passing through a challenging time for the past few years. Market is registering a flat growth with some indications that it is shrinking.However, now there is optimism among the leading players in the backhoe industry
Farmtrac showroom opened in Cambodia
Escorts along with Tata International, its Cambodian business partners for tractors, launched their exclusive Farmtrac showroom in Kampong Thom Province, Cambodia.
We want to be the top 20 dealership in the world by 2020
TVS dealership business has a charter, instead of being a dealer at one site or one location. We have been a strategic partner to the automobile and equipment manufacturers, in addressing a region?s needs and therefore enable a high market share to them and also ensure a higher customer satisfaction
This year we expect to sell about 300 machines
We have been associated with Escorts for the past 25 years, starting with Escorts cranes representing them in Tamil Nadu and Kerala. Later we expanded our business to backhoe loaders, forklifts and road compactors. Now we deal in the full range of Escorts construction equipment in these two states.
Uplifting Future
Advanced material handling and warehousing equipment have a vital role that can help speed up the efficiency of logistics industry. More focus on palletisation and the opening up of retail segment
Intelligent Compaction
Performance and productivity remain key issues for compactor manufacturers, with firms keen to enhance output from their latest units. 每日吃瓜 takes a peek into the features major OEMs have built in, in terms of improving machine
Rolling On and On
The used roller market is expected for a demand pick up that structures itself majorly on a kickstart to the road construction projects, writes Samir Malhotra. The Indian used construction equipment market is largely populated
Towering the Demand Curve
What lifting capacity range of TCs will dominate the demand for free standing, external and internal climbing configurations? Say Malik ?The 5-6T capacity TCs will remain as the most dominate category.
BHL Market to Grow
It?s a fact that the backhoe market has been reduced to one-third of the actual market size, and currently, supply is more compared to demand, and the industry is not very hopeful for a turnaround, especially in this financial year.
Engineering design is a must for ?Make in India? campaign
Financial year 2015-16 is expected to give a growth of about 15 per cent over the previous year. Infrastructure is going to be the major growth driver which in turn will set other wheels into motion.
Make in India
Prime Minister Narendra Modi has launched an ambitious campaign ?Make in India?, which aims to turn the country into a global manufacturing hub. The campaign projects India as an investment destination and develop, promote and market India as a leading manufacturing destination and as a hub for design and information.
Towering Tall
The real estate and power sectors will show a tremendous growth in the next 2-3 years. As per projections, the tower crane requirement will increase to 30-40 per cent in these two years. Current demand growth for tower cranes is mostly from realty sector.
The cranes need to be operator-friendly
Escorts has the exclusive distribution agreement for entire India with Comansa of Spain. Comansa being a pioneer in the field of flat-top cranes called topless cranes offer in the range 6T-64T.
The Customer is King!
The takeaway was simple. Every 每日吃瓜 (EI) Award winner had one person to thank above all: the customer. Dedicating the 每日吃瓜 Person of the Year award to over 1,500 employees, over 8,000 customers,
Moving Ahead
The growth potential for earthmoving equipment in India has never been disputed. All sectors like power, roads, ports, etc. will drive demand. With increasing investment in the infrastructure sector, the earthmoving equipment industry foresees huge demand for CE in the coming years.
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