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           engineers currently working at the Caterpillar R&D Centre in India,   largest economy in the world by 2025
           investing in areas with the most potential to create value. Our   Under initiatives like Gati Shakti and the National Infrastructure
           engineers are at the core of our R&D centre offering diverse   Pipeline, significant investments are being made in various sectors,  INTERACTION
           engineering expertise—mechanical, hydraulics, electronics,   including roads, railways, ports, airports, affordable housing,
           software, autonomy, and more. Our expansive footprint today   and urban development (smart cities). The total investment in
           comprises the company’s second-largest concentration of   infrastructure is expected to reach approximately $1.3 trillion by
           engineers worldwide. We have established Caterpillar India   2025
           Engineering Services Private Limited (CIESPL) with the overarching   The National Infrastructure Pipeline (NIP) outlines significant
           goal of streamlining our operations and benefiting from the long-  capital expenditure plans aimed at improving rural amenities,
           term scaling of engineering and enterprise service solutions, while   a  combination  of  government  initiatives,  rising  incomes,
           also tapping into India’s rich pool of engineering talent.   technological advancements in agriculture, financial inclusion
           We also have collaboration with prestigious institutions like the   efforts, enhanced digital connectivity, and targeted investments
           Indian Institute of Technology, Madras. This collaboration is aimed   are key drivers propelling growth in rural infrastructure across India.
           at exploring various opportunities, including continuing education,   Government is significantly focusing on  providing  affordable
           consulting, sponsored programs, engineering cell development,   housing to all under Pradhan Mantri Awaas Yojana which has led
           and joint research. The primary objective of this partnership is to   to increase in infrastructure related development in metros as well
           harness the exceptional talent pool available in India.  as Tier – 1 and Tier – 2 Cities.
           Caterpillar’s dedication to advancing technology maintains its   With large investments currently being made in the infrastructure
           leadership in manufacturing and engineering, delivering top-  sector, the customer today is keen to complete the job quickly
           quality, innovative solutions to fulfil global demands. Additionally,   and efficiently to capture more opportunities. Our customers
           our long-standing Cat dealers, Gainwell Commosales India Pvt   demand equipment with enhanced efficiency, safety, and
           Ltd and Gmmco Ltd are located across the country to serve and   sustainability benefits.
           support our customers and respond quickly to their needs  We will continue to focus our efforts on delivering the integrated
                                                               solutions to meet their needs and help our customers build a
           After sales service as a strategic differentiator?   better, more sustainable world. We are focused on developing
           Absolutely.  I think it’s very important for customers to keep their   and providing comprehensive solutions that help make our
           machines up and running. To make their operations more efficient   customers more successful with technology, financing and
           we have come up with a services commitment program. The   aftermarket offerings designed to increase the value proposition
           Cat® CVA Services Commitment is a set of service and parts   of Cat equipment.
           guarantees focussed on the responsiveness of Cat dealers, in
           terms of service response times and parts availability. Cat CVA   Are customers moving towards TCO in terms of buying products?
           Services Commitment is offered through a Cat CVA. It provides:  That is true. If you see, TCO is inevitable. The reason being, as you
           •   Service response guarantee: a Cat dealer technician will be   compress the timeline to complete a project, you have to make
              on site within agreed timelines of logging your service request  sure that you are also doing that thing within the cost parameters.
           •   Parts availability guarantee: maintenance parts delivered as   So, to maintain that cost, you know, you have to do the calculation
              soon as next business day                        not just in the initial pricing of the machine, but also over the life
           •   Parts availability guarantee: repair parts delivered as soon as   cycle of the total cost of the machine.
              second business day                              That is how you can actually work out the optimized efficiency of
           If the service response guarantee is not met, customers will receive   overall ownership cost- that is where Caterpillar comes into picture.
           complimentary service-related benefits. If the maintenance and/  Our products are built to be rebuilt. They are designed to withstand
           or repair parts availability guarantees are not met, customers will   heavy-duty operating conditions and to be restored and used
           receive a parts creditas per the CVA.               for multiple lifecycles, reducing the need for raw materials and
           Both Indian dealers, Gainwell and GMMCO will be offering the   associated GHG emissions. Designing products and components
           CVA Services Commitment. Customers can contact their local Cat   to be used throughout multiple service lifecycles is the essence
           dealer to take out a CVA, providing security and peace of mind   of our remanufacturing approach across multiple products and
           through hassle-free maintenance and ownership plans.   brands. Cat Reman gives materials a new life, delivers sustainability
                                                               benefits to our customers and helps Caterpillar contribute to the
           Are Indian products being at par with international standards in   circular economy. Caterpillar has been remanufacturing for 50
           terms of technology?                                years of our nearly 100 years in business. Today, remanufacturing
           Absolutely. Our products are exported from here to global markets   is at the heart of our strategy to help customers build a better,
           and are in compliance with international standards.  more sustainable world. When a component reaches the end of
                                                               its initial serviceable life, a dealer can return the used component,
           Where do you see Caterpillar in terms of the next three years?   or core, to Caterpillar. That core is cleaned, inspected, salvaged
           India’s economy is expected to grow at 7% in the current fiscal   and remanufactured to original factory quality and performance
           year, which is an increase from the 6.5% projection made by the   specifications. This includes any relevant engineering updates. We
           Union government in the economic survey. IMF Deputy Managing   have advanced technology solutions in our portfolio to support
           Director has also stated that India is in line to become the third   our customers’ needs in their sustainability journey.


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