Page 18 - Construction_Opportunities_January_2025

COVER STORY

infrastructure growth with innovative and sustainable solutions, Make in India initiative. The introduction of the New CEV5 range
including advanced technologies, fuel-efficient machinery, and of construction equipment reaffirms Mahindra’s commitment
electric equipment. These initiatives reflect our dedication to towards the sustainability goals set by the Government of India.
enhancing operational efficiency while minimizing environmental The new CEV5 range is a testament to the agility of our engineers,
impact. Bauma Conexpo 2024 offers a perfect platform to who have developed these products with a clear focus on
showcase our cutting-edge products and reaffirm our support performance. The range is specially equipped with a larger, more
for India’s ambitious Viksit Bharat by 2047 vision.” comfortable cabin to enhance operator productivity”.
As one of the most prominent players in the construction The MCE CEV5 Range debuted with two flagship offerings: The
equipment sector, BKT recently showcased its extensive product RoadMaster G100, the high-power Motor grader, is designed
portfolio under the banner of ‘Bharat Ka Tire’—a brand promise to meet the forthcoming CEV5 emission standards. Its 102 HP
that reflects products ‘Built in Bharat; Built for Bharat and Building engine and 440 NM torque make it an excellent grader for road
Bharat’. This collection features cutting-edge tire solutions tailored construction, especially on state and national highways. The
to meet the diverse demands of India’s industrial and construction new EarthMaster SX & SXe also complies with CEV5 emission
sectors. From robust industrial tires like the EARTHMAX SR31, built regulations. It is a versatile backhoe loader with a 74 HP engine, a
for heavy-duty applications, to the AIROMAX AM27, ideal for high- new larger and more comfortable cabin, and iMAXX telematics
speed mobile crane, each product reflects BKT’s commitment to technology, ensuring improved performance and efficiency.
producing tires that enhance operational efficiency and withstand Action Construction Equipment Ltd (ACE) recently launched
India’s challenging terrains. state-of-the-art BS-V (CE-V) AX124 Backhoe Loader, extending its
Rajiv Poddar, Joint Managing Director, commitment to innovation and the “Make in India” vision. Powered
BKT, commented, “We aim to strengthen by a TATA 74 HP engine, this machine complies with Bharat Stage
our connection with Indian customers and V (BS-V) emission norms, highlighting ACE’s commitment to
reinforce our commitment to delivering sustainability. Its bold grille, sleek bonnet, and premium cabin
innovative, reliable, and high-performance design not only enhance its aesthetics but also ensure efficient
tires that drive productivity across industrial performance with reduced emissions. This launch reflects the
and construction sectors.” industry’s shift towards greener construction practices, catering
Kobelco Construction Equipment India Pvt Ltd launched SK80, to the demands of a sustainable future.
the Made-in-India 8-ton category mid-segment excavator. Manish Mathur, CEO-Cranes, ACE, stated,
The SK80 Excavator boasts of several innovative features like “Our recent innovations represent ACE’s
superior technology, advanced hydraulic system, fuel efficiency, unwavering dedication to supporting India’s
operator comfort, durability, maintenance and versatility which infrastructure growth. With advanced,
set it apart from its competitors and underlines its commitment sustainable machinery, we aim to meet
to sustainability. Sharing details about the the evolving demands of the industry while
new product, Takemichi Hirakawa, MD, staying aligned with the ‘Make in India’
Kobelco Construction Equipment India initiative.”
Pvt Ltd, said, “The launch of the SK80
Excavator is a significant milestone in the The Making of a Behemoth…
17-year journey of our company in the According to ICRA, undercarriage components like track
Indian CE industry and is a testament to chains, rollers and idlers, etc. can be localized in the near term
the company’s ongoing commitment to since these provide a good market opportunity, are not high
innovation, excellence and to the Make in India drive. We have on technology requirements, and are heavy and logistically
a long-standing reputation of delivering high-quality excavators expensive to transport. Hydraulic components (motors, control
that meet the growing demand of the Indian customers. The SK80 valves, etc.) could be the medium-term (3–5-year horizon) target
Excavator will also address the need for advanced machinery that for indigenization. Electronic components (highly R&D intensive)
can handle diverse tasks with ease and efficiency. The cutting- would need firm visibility on volumes and could be the last to
edge technology and robust engineering of SK80 Excavator will be become viable for local production.
a game changer in the mid-category excavator market.” “ICRA projects the Indian MCE industry’s localization levels to
The new CEV5 range of Construction Equipment by Mahindra increase to over 70 per cent over the next 5-7 years. With the
Construction Equipment Division (MCE) are set to redefine the potential of becoming a `2.1 lakh crore market in annual revenues
standards in their respective categories, offering advanced by FY2030, this increased localisation share would translate into
features and compliance with the latest the incremental business opportunity of over Rs 25,000 crore for
industry norms. Dr. Venkat Srinivas, Business the domestic MCE vendors. Also, at present the domestic MCE
Head – Truck and Bus & Construction vendors primarily rely on the original equipment manufacturers
Equipment, Mahindra & Mahindra Ltd. to support their revenue, as share of other business avenues like
said, “Our consistent efforts to introduce replacement demand and exports is relatively modest. Once
cutting-edge products and technologies, the competitiveness of Indian MCE vendors improves, the export
coupled with emphasis on local market is likely to provide significant growth opportunities to Indian
manufacturing, exemplifies the company’s strong support for the component suppliers,” Ritu Goswami added.

18 CONSTRUCTION OPPORTUNITIES|JANUARY 2025