Construction Equipment Industry
MOTORINDIA|February 2017

Rising infrastructure spend to accelerate market growth.

S. Anantharaman
Construction Equipment Industry

“Infrastructure is the key to economic growth,” said the Union Finance Minister, Mr. Arun Jaitley, in his inaugural address during late September at the BRICS India 2016 Seminar on “Best Practices in Public Private Partnerships (PPPs) and Long-term Infrastructure Financing”. True to his statement, a reflection of the Government policies and plans, the implementation program has been actively directed towards this goal with necessary funding to various projects. In the budget presented on February 1, 2017 substantive impetus has been provided for creating/upgrading infrastructure and an investment of about Rs. 4 lakh crores (~USD 60 billion) earmarked for the next fiscal year. Like all the fast developing economies and industrialised countries, India has put on top of its agenda the plans for having a vibrant infrastructure to stimulate the GDP growth rate and acting upon it by increasing the spending thro’ various measures. Also with sustainability, environmental protection regulations and norms coming to the fore, the infrastructure space is becoming a beehive of activity getting the utmost attention and rightly so. This augurs well for construction domain workhorses, viz., construction equipment and the segment is all set to play a key role in the emerging scenario. Having gone thro’ an extended rough patch since 2011 and with things now looking up, the sector players are downright enthusiastic, bullish and getting all geared up to meet the business opportunities likely to unfold in the road ahead.

To understand recent developments, growth drivers, challenges and ground realties, we interacted with the key players having rich and diverse experience across the construction equipment space. The focus was on earthmoving equipment segment and the objective was to understand their strategies and plans to address the market needs and demands – read on for their incisive and interesting viewpoints.

هذه القصة مأخوذة من طبعة February 2017 من MOTORINDIA.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 2017 من MOTORINDIA.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MOTORINDIA مشاهدة الكل
ATS ELGI launches new range of equipment for CV segment
MOTORINDIA

ATS ELGI launches new range of equipment for CV segment

GARAGE EQUIPMENT

time-read
3 mins  |
July - August 2021
VECV delivers 50 CNG buses to PMPML in Pune
MOTORINDIA

VECV delivers 50 CNG buses to PMPML in Pune

VEHICLE ZONE

time-read
2 mins  |
July - August 2021
Lucas TVS chosen as one of India's best workplaces in auto industry
MOTORINDIA

Lucas TVS chosen as one of India's best workplaces in auto industry

The certification was done by The Great Place to Work Institute which works with the purpose of giving companies an opportunity to benchmark their practices that make every workplace unique for employees

time-read
2 mins  |
July - August 2021
JAMNA AUTO launches new trailer air suspension, bullish on market success
MOTORINDIA

JAMNA AUTO launches new trailer air suspension, bullish on market success

Understanding the pulse of the Indian customers, drivers and operating conditions, the home-grown company has come up with an ‘Indian product for Indian roads at Indian price’, reports N. Balasubramanian

time-read
4 mins  |
July - August 2021
Bridgestone drives Saabri Logistics' advancement with top-notch end-to-end tyre management
MOTORINDIA

Bridgestone drives Saabri Logistics' advancement with top-notch end-to-end tyre management

It is never easy for a fleet operator to strike the right balance between tight revenues and rising fuel and parts’ costs. However, if chosen wisely, important elements such as tyres can help in business advancement. Rajesh Rajgor finds this to be true in the case of Saabri Logistics

time-read
4 mins  |
July - August 2021
ZF to invest Euro 200 million as part of ‘Refresh India' strategy
MOTORINDIA

ZF to invest Euro 200 million as part of ‘Refresh India' strategy

ZF has announced a significant investment of around Euro 200 million as part of a strategic consolidation of its business domains with renewed impetus to drive growth in the Indian market over the next decade.

time-read
1 min  |
July - August 2021
Chasing records, making roads, with Tata trucks
MOTORINDIA

Chasing records, making roads, with Tata trucks

Jagdish Kadam, Chairman & Managing Director, Raj Path InfraCon shares details with MOTORINDIA about striving to create a world record for the longest road constructed in 24 hours, his company operations, and his fruitful association with Tata Motors.

time-read
4 mins  |
July - August 2021
IPL-Shaw JV for DEF solutions takes flight!
MOTORINDIA

IPL-Shaw JV for DEF solutions takes flight!

Commenting on this development, Gautam Venkataramani, Director, IPL Shaw Solutions India, said, “India Pistons Limited’s customer experience, local manufacturing strength over 60+ years with research and development and application engineering expertise will be used to provide DEF system solutions with light-weighting, performance-oriented approach leading to CAFE focus.”

time-read
2 mins  |
July - August 2021
What COVID has taught the resilient auto retail industry
MOTORINDIA

What COVID has taught the resilient auto retail industry

In this special Guest Column, Vinkesh Gulati, President, Federation of Automobile Dealers Associations (FADA), shares his observations and views on how the Indian automotive retail sector has weathered the COVID storm and the key learnings and takeaways from the experience

time-read
5 mins  |
July - August 2021
“Cautiously optimistic on growth as COVID continues, emphasis on strong exports and aftermarket” - Vinnie Mehta
MOTORINDIA

“Cautiously optimistic on growth as COVID continues, emphasis on strong exports and aftermarket” - Vinnie Mehta

Contributing more than 6% to the nation’s GDP as per reports in April 2021, the Indian automotive industry in its entirety provides employment to about ‘37 million people’.

time-read
7 mins  |
July - August 2021