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JK Tyre becomes India鈥檚 first tyre company to join RE100

JK Tyre & Industries, India鈥檚 leading tyre manufacturer, has reaffirmed its commitment towards sustainability by joining RE100 and using 100 per cent renewable electricity by 2050.

Innovative Financing Models Fuel Growth

Innovative financing models are transforming the construction equipment sector, driving growth in emerging markets like India, where strategic partnerships and tailored solutions are accelerating infrastructure development

JK Tyre becomes India鈥檚 first tyre company to join RE100

"Commits to becoming carbon neutral by 2050 "

Tata Hitachi wins big at 12th BKT 每日吃瓜 Awards 2024

The Awards was held on 10 October 2024 at Jio Convention Centre, Mumbai.

Jaideep Shekhar is 每日吃瓜 Person of the Year 2024

He was selected during the 12th BKT 每日吃瓜 Awards held on 10 October 2024 at Jio Convention Centre

Jaideep Shekhar is 每日吃瓜 Person of the Year 2024

He was selected during the 12th BKT 每日吃瓜 Awards held on 10 October 2024 at Jio Convention Centre

ICRA predicts 4-6% growth in FY25 tyre sales

ICRA stated that domestic tyre sale volumes are expected to experience a moderate growth of four to six per cent in this fiscal year, following an estimated pace of six to eight per cent in the previous financial year.

Our compaction products are a true testament to Atmanirbharta

Volvo Construction Equipment (Volvo CE) is a leading international manufacturer of premium construction equipment, offering a comprehensive range of products and services in over 140 countries. Dimitrov Krishnan, Managing Director, Volvo Construction 每日吃瓜, speaks on the company鈥檚 growing focus in the compaction business in India, and how it aligns with their broader goals and vision.

India鈥檚 CE Sales Surge 26% in FY24

With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian construction equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections.

Budget 2024: Key highlights

Key highlights of Interim Budget 2024

We anticipate continued growth in the coming FY

Vijay Kumbhani, Director Business Development, Kaushik Engineering Works

Abilities secures patent for revolutionary piston technology

The technology is poised to transform the engine components landscape

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.

No Bumps in the Road

India has been investing significantly in infrastructure development, including the construction of roads, highways, and expressways. This investment has driven the demand for road construction equipment.

23 awards presented to Construction Equipment BESTSELLERS at 11th 每日吃瓜 Awards 2023

Dimitrov Krishnan, Managing Director, Volvo Construction 每日吃瓜, was recognised as the 芒鈧撁咳粘怨� Person of the Year 2023芒鈧� for his remarkable achievements during 2022-23

Delhi to hold FCC芒鈧劉s India Roads Conference on 12th Oct

To be hosted at Hotel Shangri-La Eros, New Delhi, the conference will witness more than 25 experts, policymakers, and industry leaders discussing innovative technologies, sustainable practices, and funding opportunities that promise to revolutionise the road construction landscape in India.

Will the Road construction target be achieved in 2023-24?

The road sector is suffering from immobility! Surprised?

Perkins 4000 Series fuels India's power growth

A record number of engines were sold in India in FY2022-23.

Rajaram K joins JCB India as Senior Vice President

Rajaram K, the former president and chief business officer who was steering the sales and marketing function at Daimler India Commercial Vehicles, has resigned from the company.

The Mining Boom

India's increasing coal projects drive a surge in mining equipment demand!

Geology and Reserves of Indian Coal

India ranks second amongst the coal producing countries of the world in terms of annual coal production. However, in respect of coal resources, it is endowed with less than 1 per cent of world coal resources.

Schwing Stetter honoured by Leadership Management International

Schwing Stetter India, one of the country芒鈧劉s leading construction and concreting equipment manufacturer, was recently honoured as the 芒鈧揥orld Client of the Year芒鈧� at a conference held by Leadership Management脗庐 International (LMI), a world leader in organisational and leadership development.

Schwing Stetter honoured by Leadership Management International

The company has been honoured with "World Client of the Year"

Bringing sustainability to the fore

JCB has continued to make concerted efforts to conserve and optimise the use of energy.

ACE unveils India's first electric mobile crane

India芒鈧劉s First fully electric mobile crane with breakthrough tech and zero emissions

Timken India to start making CRBs, SRBs locally at Bharuch

Timken India plans to set up a new facility at Bharuch in Gujarat to manufacture spherical roller bearings (SRBs) cylindrical roller bearings (CRBs) and other components.

Timken India to start making CRBs, SRBs locally at Bharuch

Timken India plans to set up a new facility at Bharuch in Gujarat to manufacture spherical roller bearings (SRBs) cylindrical roller bearings (CRBs) and other components.

Europe-India Day Symposium at Bauma Forum

During Bauma 2022, 芒鈧揈urope- India Day芒鈧� was organised by the CECE, ICEMA and VDMA India on October 26, 2022.

Country Roads Take Me Home

The slowdown in the road construction activity has been a drag for the construction equipment sector.

The market is shifting towards bigger vehicles in the tipper segment

We have a total of five manufacturing plants in India, of which four are located in North India and one in South India

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

Elgi Equipments' March 2022 net sales at Rs 727.61 cr

Consolidated sales for the fourth quarter was Rs 728 crore as against Rs 611 crore in the corresponding quarter in 2020-21.

Elgi Equipments revenue up 31%

Manufacturer of air compressors, Elgi Equipments, said it will take steps to keep costs under control as inflation, war, and political unrest in some geographies threaten to affect demand and margins.

UP to create 2,600 km transmission network for green energy corridor

Uttar Pradesh to create a transmission network of 2,600 km which will cost over Rs 5,000 crore for the green energy corridor (GEC).

Bringing biodiesel on the market

Fuel costs and India鈥檚 reliance on foreign fuel sources are a constant concern for many construction owners whose businesses are heavily dependent on machinery that requires diesel. Many alternate energy sources have been discussed, researched, and used in the past but, for equipment, the primary form of alternate fuel has become biodiesel.

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.

NHAI to build 5,795 km NHs in aspirational districts

Over 100 Aspirational Districts would undergo the construction of 5,795 km of National Highways (NHs) under a Rs one trillion programme, which is about to be unveiled.

NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

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.

Budget 2022 and a big infra push

The union budget can be termed as a growth-oriented one, with the government focusing strongly on world-class infrastructure development.

Hajela of L&T: India has potential to be an export hub for compactors

Vivek Hajela, VP & Head- CE Business, Larsen & Toubro, shares information on the current market size of compactors in India, and the upcoming digital technologies in compactors.

Paving the way ahead

While recent times may have been tough on construction equipment manufacturers, the compactor market is still brimming with optimism.

Indian construction equipment industry growth slumps in Q3FY22

On the back of slowdown in the construction activity, the Indian CE industry experienced 23% drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21, as per the ICEMA report.

Welspun, PSP, Ahluwalia bag honours as fastest construction companies in under ?2k cr

The companies were awarded at the 19th CONSTRUCTION WORLD Annual Awards.

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.

Narrowing of price levels between excavators & backhoes is expected to have an impact on volumes

The Indian backhoe loader market had been growing year-on-year for four straight years till 2018-19. It grew with a CAGR of more than 20 per cent per year, peaking in 2018-19. In 2019-20 the market shrunk by 20 per cent due to factors such as elections and constrained liquidity post the ILFS crisis.

Tech Drives Backhoes

Backhoe loader manufacturers are leveraging digital technology by integrating Big Data and the Internet of Things in their models.

At CASE, our backhoe loaders are replete with advanced features

Backhoe loaders are one of the most popular and in demand construction equipment currently, accounting to nearly 65 per cent of the construction equipment segment in India.

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore for the quarter

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.

Coal India approves record 32 mining projects at Rs 47K cr

Scripting a record high, Coal India Limited (CIL) has approved 32 coal mining projects in the current fiscal till January 2021, which indicate an estimated incremental capital of around Rs 47,300 crore.

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.

Govt鈥檚 infra focus will boost demand for CE鈥�

Established in May 1964 as a public sector undertaking for manufacturing rail coaches and spare parts and mining equipment, BEML (formerly Bharat Earth Movers) has partially disinvested and presently Government of India owns 54 per cent of total equity and rest 46 per cent is held by public, financial institutions, foreign institutional investors, banks and employees.

Prioritising ports

The modernisation of ports is a prerequisite. The various policy measures announced in the sector are expected to increase investor confidence in the sector which in turn will translate into great opportunities for growth in the port equipment market.

Intelligent compaction!

Intelligent compaction rollers are equipped with technology that processes compaction data in real time for the roller operator.

Budget focuses on infra to revive economic growth

Finance Minister Nirmala Sitharaman proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP)

CE market to pick up in long term

After a 15 per cent drop in construction equipment demand to 83,470 units in 2019, some signs of recovery were visible at the beginning of 2020.

Indian CE market to regain growth

Samir Bansal of Off-Highway Research writes on the market and sales scenario of Indian construction equipment market.

AWPs for safe and reliable operations

The post-pandemic conditions demand for safer and secure means of operations where AWPs will play a major role and will gain prominence in future.

We provide more focus to training

Manoj Rawat, Country Manager - AWP, India & SAARC Region, Terex India, elaborates on the outlook on the Indian AWP market.

CE industry: On the road to recovery

The rural economy has also been driving sales of construction equipment. A good monsoon, record agricultural production and huge procurement by the government agencies along with a focus on rural infrastructure are all attributable to increasing rural prosperity.

Reforms will boost recovery

Reports show an impressive recovery for the Indian economy in the July-September quarter (Q2) from the record decline of the first quarter, indicating that the economic activity has been gathering pace. The economy in Q2 however continues to be contracted.

每日吃瓜 Awards 2020

At the 8th Annual 每日吃瓜 Awards 2020, hosted virtually, the top performers of Indian construction equipment industry were felicitated for their achievements in the challenging times.

ICF 2020: A Virtual Construction Extravaganza

Just when the 2020 financial year was coming to a close, it was hit by the COVID-19 pandemic. While the industry was already battling issues such as a liquidity crunch, rising bad loans, slowdown in capex, project delays and insolvencies, among others, the last quarter witnessed growth in the negative territory for most businesses. However, despite obstacles and uncertainties being at their peak, a few entities managed to persevere and prevail, posting growth and exhibiting excellence.

Next year will be the best for construction industry

Speaking exclusively with 每日吃瓜 after winning the coveted 每日吃瓜 Person of the Year 2020 award, VG Sakthikumar, Managing Director, Schwing Stetter India, shares his thoughts on the company鈥檚 success, future plans and the market outlook.

NHAI agrees to 25 suggestions made by NHBF to ease highway construction

NHAI has agreed to most of the suggestions made by the National Highways Builders Federation (NHBF) related to project delivery.

Backhoe Loaders Bouncing Back

In the current market conditions, the customer focus will be on equipment with better productivity and cost saving. Backhoe loader with its multi-utility advantage and competitive price will drive the demand in the current market scenario.

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

We expect an industry growth of 6-8 per cent in 2021-22: Venkatesh S Aiyer

Uniflex has recently started a new plant in Uttarakhand, and plans to start two more plants in the long term. Venkatesh S Aiyer, Director, Uniflex, shares more on the market trends and the company鈥檚 plans.

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.

Western Coalfields opens 3 new coal mines

Coal India subsidiary Western Coalfields (WCL) opened three new coal mines in Maharashtra and Madhya Pradesh having a combined annual production capacity of 2.9 million tonnes (MT).

Western Coalfields opens 3 new coal mines

Western Coalfields (WCL) opened three new coal mines in Maharashtra and Madhya Pradesh having a combined annual production capacity of 2.9 million tonnes (MT)

Can India be an alternate manufacturing base?

Even before COVID 19 crept up upon us, our roads sector had already hit a speed breaker. Construction of highways slowed to 27 km a day during April-January against 29.7 km a day achieved in 2018-19.

The World Has Changed

While at EXCON 2019, Union Minister Nitin Gadkari brought smiles to the faces of the worried construction equipment (CE) industry captains, the pandemic outbreak has wiped that smile into oblivion.

NHAI achieves highest ever construction of national highways in FY 2019-20

The National Highways Authority of India (NHAI) has accomplished construction of 3,979 km of national highways in the financial year 2019-20.

Braving challenges

With this March marking the closure of another financial year in the country, the world economy is reeling under a host of issues ranging from the slowdown that hit the market for more than a year to the coronavirus scare.

We proactively pursue when it comes to adopting digital technologies

As a major player in heavy-duty mobile cranes market in India, TIL has consolidated its presence over the years.

We have focused on introducing new models towards customer centricity

Sunbeam Infra Equipments, a division of Sunbeam Generators, is among the prominent players in the concrete equipment industry with its concrete mixers (purchased from Greaves Cotton) and now with additions of batching plants, concrete pumps and mixer pumps

Gaining Momentum

Tipper market is expected to bounce back in the coming years with the demand picking up steadily in road construction and mining.

We look forward to healthy business transactions

As a pioneer in excavator technology in India, L&T Construction & Mining Machinery has been at the forefront by consolidating its leadership position in the construction and mining equipment industry.

CE Market to Bounce Back

Off-Highway Research forecasts that the market for construction equipment (CE) will dip in 2019 but follow an upward trend thereafter during 2020-2023. Samir Bansal elaborates.

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.

Backing Infra Growth

Loads of Opportunities

With the construction activity picking up and mining operations reviving in India, new opportunities are knocking at the doors of the wheel loader market.

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.

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.

The Eleventh Hour Is Here!

By 2025, the construction market in India is expected to emerge as the third-largest globally.

VOC Port Trust plans third container terminal

According to reports, the VO Chidambaranar (VOC) Port in Thoothukudi plans to construct a third container terminal with the current handling capacity at the two private terminals set to reach its maximum by end of this fiscal.

Skid-steer loader with grader attachment concept is growing

BOBCAT has been providing Skid-steer loader with grader attachment as an apt solution for new rural roads and widening of existing roads. S Manjunath, General Manager - Sales, Doosan Bobcat India, shares more on the advantages of the concept and the market outlook.

Mahindra first Indian brand to roll out 3 million tractors

Mahindra & Mahindra announced that it had become the first Indian tractor brand to roll out three million tractors. Mahindra is currently the world?s largest farm tractor manufacturer by volume and India?s leading tractor manufacturer for over three decades.

Navayuga Container Terminal crosses 500,000-TEU milestone

Navayuga Container Terminal (NCT) reached an important milestone on March 27, 2019, by handling 500,000 TEU for the first time in a financial year.

Setting New Standards

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.

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.

An Uphill Road Ahead

Out of about nine lakh construction equipment operators in India, only9,000 operators are certified by Infrastructure Equipment Skill Council (IESC).

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.

Equipment finance sector to grow at 19 per cent CAGR

We are the leading financiers in the construction, mining, and allied equipment (CME) sector in India for fiscal 2017 (Source: Feedback Analysis). This sector primarily consists of equipment used for earthmoving and mining, concreting, road building, material handling, material processing and allied activities.

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.