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Bauma Conexpo India 2024, from December 11-14, will showcase construction innovations, featuring 750 exhibitors, live demos, and seminars.
The company reported a 14.5% increase in revenue compared to last year, showing a high rise in profitability.
Despite the lower sales, revenue in the construction equipment sector is projected to grow due to a rise in product prices.
JCB India’s latest excavator, the JCB NXT 215 LC Fuel Master is set to serve both the domestic market and international customers.
In 2023, the company generated a net profit of Rs 106.89 crore, up 30.5% from Rs 81.90 crore in 2022.
To ensure smooth operation across India, JCB has set up a dedicated distribution network with 11 dealers nationwide.
The project aims to raise awareness about alternative income creation opportunities in agriculture and infrastructure through training programs.
Excavators are the second-largest product category in India's construction equipment sector, accounting for between 30,000-35,000 units per year out of a total market of 136,000.
The deployment of electric forklifts is estimated to reduce greenhouse gas emissions by roughly 2,500 tonnes of CO2 equivalent per year.
According to the ICEMA, the construction equipment industry grew by 26% YoY in FY24
The EC210 excavator by Volvo CE India combines versatility, efficiency, and modular design for both local and global markets.
The main aim of this partnership is to streamline the financing process, making it more efficient and customer-friendly.
Action Construction Equipment partners with the Bank of Baroda to provide financing for construction equipment, aiming to boost industry growth in India.
The Construction Industry Institute forecasts a 15% compound annual growth rate (CAGR) during the next five years.
Shriram Automall and Volvo CE partner to enhance the pre-owned construction equipment industry through efficient management and comprehensive support services.
Ashok Leyland HIPPO 5536 AN
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