{"id":6711,"date":"2016-09-13T20:54:33","date_gmt":"2016-09-13T20:54:33","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=6711"},"modified":"2016-09-13T20:54:33","modified_gmt":"2016-09-13T20:54:33","slug":"india-sees-49-41-growth-in-earth-moving-equipment-sales-as-infrastructure-projects-increase","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/india-sees-49-41-growth-in-earth-moving-equipment-sales-as-infrastructure-projects-increase\/","title":{"rendered":"India sees 49.41% growth in earth-moving equipment sales as infrastructure projects increase"},"content":{"rendered":"

An increase in road construction and irrigation activities led to a 49.41% growth in sales of earth-moving equipment between January and July.\u00a0brightening prospects for the industry to post its best ever sales in a year.<\/p>\n

\"Earth<\/p>\n

The numbers also hint at a revival in both projects and investment (public, if not private).<\/p>\n

Sales have also grown at the fastest pace in the last five years, which included three years of consecutive decline between 2012 and 2014.<\/p>\n

Sales of construction equipment such as back-hoe loaders, used in all kinds of construction activities; excavators and compactors, used in road construction and irrigation projects; wheel-loaders, used primarily in mining activity for removal of overburden; and material handling equipment such as skid steers and telescopic handlers, rose to 26,106 units during the first seven months of the year from 17,472 units during the year-ago period, according to data provided by Indian Construction Equipment Manufacturers Association (ICEMA).<\/p>\n

\u201cIt is good to have growth back,\u201d said a relieved Vipin Sondhi, managing director of JCB India, which commissioned a third manufacturing facility in Jaipur last year. He added that current demand has helped his company utilize 80-85% of its manufacturing capacity at its other two facilities in Faridabad and Pune.<\/p><\/blockquote>\n

\u201cBut what needs to be seen is if this can be sustained. Sustainability needs long-term efforts. It is important other key infrastructure sector such as railways, urban development, and at some stage real estate, should come back to the growth path,\u201d Sondhi added.<\/p>\n

JCB<\/a> is the largest manufacturer of earth-moving or construction equipment in the country, followed by Tata Hitachi Construction Machinery<\/a>, Komatsu India Pvt. Ltd<\/a> and Caterpillar India<\/a>. The market, which peaked at about 52,838 units in 2011, hit a low of 35,900 units in 2014 and 36,798 in 2015.<\/p>\n

\"Earth<\/p>\n

One reason for the recovery is the government\u2019s emphasis on roads. Two years ago at one stage, less than 4km\/day was being built. That is now up to 12km\/day and there is talk of raising it to over 20km\/day, with the current year expected to close at 17km\/day.<\/p>\n

The government\u2019s decision to move away from the so-called public private partnership (PPP) model to the engineering, procurement and construction (EPC) and hybrid annuity models, where risks are split between it and the developer, has also helped.<\/p>\n

\u201cEPC has been a big driver,\u201d Sondhi of JCB said. \u201cGrowth is (also) coming from the public investments through budget. The finance minister created fiscal space to get the infrastructure sector moving.\u201d<\/p>\n

According to Govindarajan Chellappa, Piyush Nahar and Poornaa Venkatesan, analysts at Mumbai-based brokerage firm Jefferies India Pvt. Ltd, the feedback on irrigation is \u201cpleasantly\u201d surprising.<\/p>\n

\u201cThis is primarily in the states of Maharashtra (which has made big investments in building aquifers in arid parts of the state), Madhya Pradesh and Andhra Pradesh (for river-linking projects) and Telangana,\u201d they said in a 31 August report on the Indian construction industry.<\/p>\n

Initial work has begun on dredging of major North Indian rivers to enable inland water transportation, they added.<\/p>\n

Amrit Raj<\/a><\/strong><\/div>\n","protected":false},"excerpt":{"rendered":"

An increase in road construction and irrigation activities led to a 49.41% growth in sales of earth-moving equipment between January and July.\u00a0brightening prospects for the industry to post its best ever sales in a year. The numbers also hint at a revival in both projects and investment (public, if not private). Sales have also grown […]<\/p>\n","protected":false},"author":1,"featured_media":6715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,8],"tags":[493,1281],"yoast_head":"\nIndia sees 49.41% growth in earth-moving equipment sales as infrastructure projects increase - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/india-sees-49-41-growth-in-earth-moving-equipment-sales-as-infrastructure-projects-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India sees 49.41% growth in earth-moving equipment sales as infrastructure projects increase - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"An increase in road construction and irrigation activities led to a 49.41% growth in sales of earth-moving equipment between January and July.\u00a0brightening prospects for the industry to post its best ever sales in a year. 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