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Time of India
02-06-2025
- Business
- Time of India
Surge in Construction Equipment Demand Anticipated Amid Infrastructure Push and Rainfall Predictions, ET Infra
Advt Advt Industry stakeholders expect a rise in demand for construction equipment this year largely driven by 'above normal' rainfall outlook and government's focus on infrastructure, industry body ICEMA President designate Deepak Shetty has said."The India Meteorological Department (IMD) has predicted 'above normal' rainfall in the country and I am very happy that due to this the rural market will be benefited. As most of our machines operate in the rural area, I am hopeful that we will be benefited," Shetty the government focusing on infrastructure, he said, "I am sure that this year the growth will be in double-digit."In an interaction with PTI, Shetty who is also the CEO & Managing Director of JCB India , a leading manufacturer and supplier of heavy construction equipment in India, said that in the last few years, the Indian construction equipment industry has witnessed a growth of 26 per noted that FY25 has been a year of strategic repositioning for the domestic construction equipment industry due to a variety of growth could certainly have been higher as was anticipated earlier during the year, but as an industry, "we continue to be hopeful of a strong future in the longer-term."As a nation, India has moved up the rankings of being the fourth largest economy in the world, and it is only natural to continue the focus on infrastructure development going ahead, he Indian construction equipment industry has demonstrated commendable resilience in 2024-25 registering a modest three per cent growth and achieving a new milestone of 1,40,000 units sold, V Vivekanand, President, ICEMA who is also Managing Director of Caterpillar India Pvt Ltd , said in a recent asked to comment on the performance of JCB India, he said that last year was a record year for the company. The company is exporting its machines to around 130 countries across the world. Last year the company exported more than 10,000 machines to Shekhar who is Convener, ICEMA Industry Analysis and Insights Panel said that the industry experienced an almost flat growth, aligning with expectations due to general elections and the implementation of new emission India Ltd is a leading manufacturer of earthmoving and construction equipment in India. The company started as a joint venture in 1979 and is now a fully-owned subsidiary of J C Bamford Excavators, United five factories in India, JCB manufactures a wide range of world-class equipment in India for the domestic market as well as for exports to more than 125 countries.
Time of India
02-06-2025
- Business
- Time of India
Demand for construction equipment to pick up this year: ICEMA
Industry stakeholders expect a rise in demand for construction equipment this year largely driven by 'above normal' rainfall outlook and government's focus on infrastructure, industry body ICEMA President designate Deepak Shetty has said. "The India Meteorological Department (IMD) has predicted 'above normal' rainfall in the country and I am very happy that due to this the rural market will be benefited. As most of our machines operate in the rural area, I am hopeful that we will be benefited," Shetty said. With the government focusing on infrastructure, he said, "I am sure that this year the growth will be in double-digit." In an interaction with PTI, Shetty who is also the CEO & Managing Director of JCB India , a leading manufacturer and supplier of heavy construction equipment in India, said that in the last few years, the Indian construction equipment industry has witnessed a growth of 26 per cent. Shetty noted that FY25 has been a year of strategic repositioning for the domestic construction equipment industry due to a variety of reasons. The growth could certainly have been higher as was anticipated earlier during the year, but as an industry, "we continue to be hopeful of a strong future in the longer-term." As a nation, India has moved up the rankings of being the fourth largest economy in the world, and it is only natural to continue the focus on infrastructure development going ahead, he said. The Indian construction equipment industry has demonstrated commendable resilience in 2024-25 registering a modest three per cent growth and achieving a new milestone of 1,40,000 units sold, V Vivekanand, President, ICEMA who is also Managing Director of Caterpillar India Pvt Ltd , said in a recent report. When asked to comment on the performance of JCB India, he said that last year was a record year for the company. The company is exporting its machines to around 130 countries across the world. Last year the company exported more than 10,000 machines to America. Jaideep Shekhar who is Convener, ICEMA Industry Analysis and Insights Panel said that the industry experienced an almost flat growth, aligning with expectations due to general elections and the implementation of new emission norms. JCB India Ltd is a leading manufacturer of earthmoving and construction equipment in India. The company started as a joint venture in 1979 and is now a fully-owned subsidiary of J C Bamford Excavators, United Kingdom. With five factories in India, JCB manufactures a wide range of world-class equipment in India for the domestic market as well as for exports to more than 125 countries. PTI
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Business Standard
01-06-2025
- Business
- Business Standard
Rainfall outlook, infra push to lift construction equipment demand: ICEMA
Industry stakeholders expect a rise in demand for construction equipment this year largely driven by 'above normal' rainfall outlook and government's focus on infrastructure, industry body ICEMA President designate Deepak Shetty has said. "The India Meteorological Department (IMD) has predicted 'above normal' rainfall in the country and I am very happy that due to this the rural market will be benefited. As most of our machines operate in the rural area, I am hopeful that we will be benefited," Shetty said. With the government focusing on infrastructure, he said, "I am sure that this year the growth will be in double-digit." In an interaction with PTI, Shetty who is also the CEO & Managing Director of JCB India, a leading manufacturer and supplier of heavy construction equipment in India, said that in the last few years, the Indian construction equipment industry has witnessed a growth of 26 per cent. Shetty noted that FY25 has been a year of strategic repositioning for the domestic construction equipment industry due to a variety of reasons. The growth could certainly have been higher as was anticipated earlier during the year, but as an industry, "we continue to be hopeful of a strong future in the longer-term." As a nation, India has moved up the rankings of being the fourth largest economy in the world, and it is only natural to continue the focus on infrastructure development going ahead, he said. The Indian construction equipment industry has demonstrated commendable resilience in 2024-25 registering a modest three per cent growth and achieving a new milestone of 1,40,000 units sold, V Vivekanand, President, ICEMA who is also Managing Director of Caterpillar India Pvt Ltd, said in a recent report. When asked to comment on the performance of JCB India, he said that last year was a record year for the company. The company is exporting its machines to around 130 countries across the world. Last year the company exported more than 10,000 machines to America. Jaideep Shekhar who is Convener, ICEMA Industry Analysis and Insights Panel said that the industry experienced an almost flat growth, aligning with expectations due to general elections and the implementation of new emission norms. JCB India Ltd is a leading manufacturer of earthmoving and construction equipment in India. The company started as a joint venture in 1979 and is now a fully-owned subsidiary of J C Bamford Excavators, United Kingdom. With five factories in India, JCB manufactures a wide range of world-class equipment in India for the domestic market as well as for exports to more than 125 countries. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
01-06-2025
- Business
- Time of India
‘Above normal' rainfall, govt's infra push to drive double-digit growth in construction equipment demand: ICEMA
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Industry stakeholders expect a rise in demand for construction equipment this year largely driven by 'above normal' rainfall outlook and government's focus on infrastructure, industry body ICEMA President designate Deepak Shetty has said."The India Meteorological Department (IMD) has predicted 'above normal' rainfall in the country and I am very happy that due to this the rural market will be benefited. As most of our machines operate in the rural area, I am hopeful that we will be benefited," Shetty the government focusing on infrastructure, he said, "I am sure that this year the growth will be in double-digit."In an interaction with PTI, Shetty who is also the CEO & Managing Director of JCB India , a leading manufacturer and supplier of heavy construction equipment in India, said that in the last few years, the Indian construction equipment industry has witnessed a growth of 26 per noted that FY25 has been a year of strategic repositioning for the domestic construction equipment industry due to a variety of growth could certainly have been higher as was anticipated earlier during the year, but as an industry, "we continue to be hopeful of a strong future in the longer-term."As a nation, India has moved up the rankings of being the fourth largest economy in the world, and it is only natural to continue the focus on infrastructure development going ahead, he Indian construction equipment industry has demonstrated commendable resilience in 2024-25 registering a modest three per cent growth and achieving a new milestone of 1,40,000 units sold, V Vivekanand, President, ICEMA who is also Managing Director of Caterpillar India Pvt Ltd , said in a recent asked to comment on the performance of JCB India, he said that last year was a record year for the company. The company is exporting its machines to around 130 countries across the world. Last year the company exported more than 10,000 machines to Shekhar who is Convener, ICEMA Industry Analysis and Insights Panel said that the industry experienced an almost flat growth, aligning with expectations due to general elections and the implementation of new emission India Ltd is a leading manufacturer of earthmoving and construction equipment in India. The company started as a joint venture in 1979 and is now a fully-owned subsidiary of J C Bamford Excavators, United five factories in India, JCB manufactures a wide range of world-class equipment in India for the domestic market as well as for exports to more than 125 countries.
Time of India
29-05-2025
- Business
- Time of India
JCB India eyes 8–9% growth, plans to invest ₹200–250 crore in FY26
NEW DELHI: JCB India , a construction equipment manufacturer, is projecting an 8–9% growth in FY26, building on steady demand from infrastructure and real estate sectors, according to Deepak Shetty , CEO and managing director of the company. The company registered an 11% growth in FY25, outperforming the industry growth of three per cent that remained cautious amid financing headwinds and geopolitical challenges. The company invested ₹500 crore in FY25 and has earmarked another ₹200–250 crore this year, primarily towards tooling, R&D, and digital innovation. In an exclusive conversation with Ankit Sharma, Shetty said the company's growth is being fuelled by expanding applications across both urban and rural markets. "Nearly 65% of our equipment goes to rural areas, but urban demand—especially from the real estate sector—is increasingly driving volumes in specialised machines like telehandlers and slab-lifting equipment," he said. The company is also seeing increasing mechanisation in mid-sized real estate projects, including villas and vertical housing. 'Today, every foundation requires precision equipment. The era of shovels and manual labour is behind us,' Shetty said, adding that machines are now expected to handle multiple tasks, from site clearance to material handling, as contractors aim to optimise both cost and time. JCB is doubling down on operator training to address a growing skill gap. Its in-house simulator, JCB Daksh , priced at just ₹7 lakh, is designed to cut training time and fuel consumption. "We used to take two months and nearly ₹50,000 to train an operator. Now, 90% of training happens on the simulator. Even the Indian Army has placed an order," Shetty said. While the company's current manufacturing capacity stands at 75,000 machines a year—with 85% utilisation—JCB is continuing to invest in facility expansion. It plans to increase headcount at its Pune-based global engineering centre from 700 to 1,000 engineers. The company currently exports 20% of its production to over 130 countries. On pricing, JCB kept its increase at just 1% in FY25 despite the implementation of Stage V norms. "We focused on innovation, fuel efficiency and cost optimisation. Our new machines offer 14.5% better fuel economy and 5% improved productivity, which ultimately helps customers reduce total cost of ownership," Shetty added.
