Although the bulldozer is getting negative press in some parts of the media, Sandeep Singh, managing director, Tata Hitachi, told FE that it is a machine that can be used for any task including nation building.
“These developments (happening in certain cities) do not affect the construction equipment industry. Some people may see a bulldozer as a political device, but to us it is just a machine, “he said.
Last week, Tata Hitachi যা which enjoys a leading position in excavation প্রদর্শন demonstrated its solutions at Exxon, the largest construction equipment event in South Asia, held in Bangalore.
These include hydraulic excavators, backhoe loaders, India’s only hydrostatic wheel loader and mini excavators, among other products. “The construction equipment industry was badly damaged by the epidemic,” Singh said.
“But from October 2020 to March 2021, the industry performed so well that it made up for most of its losses (March-September 2020).
The second wave of the Covid-19 again affected the industry, but even more affected the emissions regulations BS the BS-4 emissions regulations for construction equipment vehicles have been in effect since April 2021, and this has increased construction equipment prices by 18-20%.
According to the Indian Construction Equipment Manufacturers Association (ICEMA), sales in the construction equipment industry fell 8% in FY22 – from 92,470 units in FY21 to 85,385 units.
The Earthmoving Equipment segment, which accounts for three-quarters of total construction equipment sales in India, saw its growth slow to 14% in FY22, with road construction equipment sales down 10%. But now there is a new focus on construction throughout In the country, both public and private, Singh expects high growth for the industry in the coming years.
“We are seeing strong participation at Excon,” he said. “The industry is hoping for a strong recovery in FY23, given the improved export potential and the government’s continued emphasis on infrastructure development through various projects.” Some of the central infrastructure development projects include the National Infrastructure Pipeline, PM Speed Power, the National Monetization Pipeline, and the constitution of the National Bank for Financing Infrastructure and Development (NaBFID).
Tata Hitachi sells its construction equipment to individual customers as well as institutional buyers. “About 60% of our construction equipment buyers are either individual customers or two, and the rest are institutional buyers (such as HCC, L&T, Tata Power, Shapoorji Pallonji Group, etc.),” he said.
The company is also developing CNG-powered construction equipment, but the challenges it faces are the availability of CNG fuel in areas where construction equipment is commonly used, away from major cities and national highways (where most CNG stations are coming up.). And over the next five years, Tata Hitachi plans to launch electric vehicles specifically for mining.