Page 24 - Construction_Opportunities_January_2026

INTERACTION COVER STORY

Since 2023, our brand has expanded its presence

across Coal, Coal-OB, Limestone, Iron-ore,

Stone quarry, Marble & Granites and Solid waste

management segments

PROPEL INDUSTRIES, India’s leader in Crushing and Screening equipment and a pioneer in Electric Heavy
Duty Truck manufacturing showcased 90CED, 70CED high-capacity off-road electric dump trucks at the
recently concluded EXCON 2025, thereby further strengthening its position in mining and also launched
560HEVx and 470MEV Gen-2 for construction segment.
In an exclusive interview to CONSTRUCTION OPPORTUNITIES, SIDDARTH KIRTANE, PRESIDENT - EV
MARKETING, SALES AND SERVICE, PROPEL INDUSTRIES PVT LTD, gives an overview on the industry, speaks
on his company’s latest launches, cutting edge technologies and a lot more.

Give us an overview on the Trucks & Tippers industry and market term demand visibility for high-performance mining trucks.
dynamics. Also details us on terms of cost/quality equations, From a customer standpoint, the cost–quality equation in
sector challenges, and growth prospects? construction and mining is very clear. These are time-sensitive
The Indian trucks and tippers industry is at a structurally important operations where every hour of uptime directly translates into
inflection point. FY25 closed with approximately 2.57 lakh M&HCV output and revenue. As a result, customers are increasingly quality-
trucks, of which tippers account for nearly 30%, underlining the conscious, and lifecycle-cost driven rather than focused only on
critical role they play in mining, infrastructure, and core industrial upfront capex. This is where electric trucks are gaining serious
activity. From Q2 of FY26, we are clearly witnessing the beginning attention. Awareness around the operational and economic
of an upcycle. Industry volumes are expected to grow by about benefits of electric haulage has improved significantly, and this
8% in FY26 and further accelerate to nearly 10% in FY27. shift strongly favors manufacturers who have engineered EVs
This growth is not speculative; it is strongly anchored in sustained ground-up for these demanding applications.
government capital expenditure across infrastructure, power, and
transport, along with meaningful reforms in the mining sector. Tell us about the range of trucks & tippers offered by you, in terms
Policy actions such as the removal of captive mine sale caps, of types, applications and capacities?
faster approvals through PSU boards, and the auctioning of 141 At Propel EV, our focus has been very clear from the start: electric
mining blocks in 2025—the highest in a decade, creating long- trucks purpose-built for Indian mining and construction conditions.

24 CONSTRUCTION OPPORTUNITIES|JANUARY 2026