Page 31 - CO_Feb_2023
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COVER STORY
                                                                                                                    SPOTLIGHT



























           The JCB Backhoe Loader continues to be a favourite for   Growth of Electric Equipment
           Infrastructure projects for the last 42 years since it is a versatile,   As an industry, Construction Equipment manufacturers are looking
           easy-to-use, and easy-to-transport machine. It is suitable for   at the viability of electric equipment quite seriously. JCB India
           government projects like the Pradhan Mantri Gram Sadak Yojana   has been working on its ‘Road to Zero’ initiative for the past few
           (PMGSY) and Har Ghar Jal in rural areas. PMGSY was launched   years. Early this year we introduced the industry’s first fully Electric
           by the Govt. of India to provide connectivity to unconnected   Excavator, the JCB 19C-1E at Excon, Bengaluru. JCB 19C-1E is a
           habitations as part of a poverty reduction strategy. According to   zero-emission machine and has four lithium-ion batteries that power
           the latest figures, about 167 thousand unconnected habitations   the machine for a full day on a single charge. With a significant
           are eligible for coverage under the programme. This involves   focus on safety and productivity, JCB’s 2GO system safely isolates
           the  construction  of  about  371thousand  km  of  roads  for  New   all controls as a secondary safety system. Its auto-idle and auto
           Connectivity and 368 thousand km under upgradation. The Har   kick-up redistribute power to preserve battery life. The machine has
           Ghar Jal mission is envisioned to provide safe and adequate   been introduced after rigorous testing and validation.
           drinking water through individual household tap connections by   Manufacturers need to focus on smaller machines to make the
           2024 to all households in rural India.              Electric segment popular in the Construction Equipment category.
           While the Backhoe Loader is an ideal machine to reach   These machines can work well in urban areas and indoor projects.
           remote/rural areas, with new road development projects   Smaller machines can also work well inside tunnels for hydro,
           coming up in remote areas, we are also seeing an    metro, and road construction projects.  We will require a robust
           increase in the purchase of Excavators and Mini Excavators.   infrastructure to support Electric Construction Equipment. India right
           Projects of significant National Importance are gaining   now is at the initial steps of the electric equipment revolution. The
           encouraging momentum across the country. Large-scale   Government has a relentless focus on the development of EV-
           Infrastructure development will require larger and more productive   compliant infrastructure across the country.  A private consumer
           machines, and a recently launched new range of Excavators (JCB   expectation survey recently showed that around 66% of Indians
           NXT 225LC M) addresses that need.                   said that electric vehicles will surpass petrol and diesel cars by
           We are also observing an increase in government tenders floated   2030. For electric construction equipment, popularity will depend
           to acquire construction equipment. The municipal corporations   on manufacturers’ investment to develop smaller engines that can
           of big states like Maharashtra, Gujarat and Uttar Pradesh regularly   provide a powerful experience without compromising on the overall
           acquire JCB machines. In rural sectors, Gram Panchayats across   cost of the machine.
           the country float tenders for equipment that is regularly fulfilled
           by JCB.                                             Biggest Infrastructure Projects in India in 2023
           Sales of construction equipment — a barometer of economic   India’s infrastructure development for the next decade is lined
           activity — is expected to increase in healthy double digits in the   with huge projects and government schemes. Plans to develop
           ongoing financial year on the back of increased government   India’s infrastructure have been given impetus through the National
           spending on infrastructure projects, especially in rural areas.  Infrastructure Pipeline (NIP), the National Monetisation Plan (NMP)
           The industry estimates sales of construction equipment (domestic   and Gati Shakti and the National Single Window System (NSWS).
           sales and exports) to grow 15-20% in fiscal 2023. Since JCB has a   NIP is an aggregation of social and economic infrastructure
           high market share in the sector, the demand for JCB equipment   projects. It aims to enhance investor confidence through better
           will increase accordingly. One in every two machines is a JCB   access to financing resources, and better management of
           and we expect that we will continue to support the government   projects.  The  NMP  monetises  previously  government-operated
           at the same level.                                  sectors by transferring the operations to private companies in


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