Hyundai Construction Equipment India

Anup Nair – Vice President & Business Head
Anup Nair – Vice President & Business Head

“At Bauma CONEXPO INDIA, we have plans to showcase our technologically advanced line of products for the construction equipment and material handling industries, and we will also be launching some new products as well.”

2019 being an election year, we estimate the CE industry to remain flat, but growth will resume from 2020 onwards at an estimated y-o-y growth of 15%.

Infrastructure investment is key to development, and India’s GDP is estimated to move up to 5th position by end of 2018-19. We have seen the CE Industry grow in double digit figures from 10% to 50% across various product segments during the last 3 years. Demand is primarily driven by infrastructure related jobs, mainly in the road sector.

However, there is volatility in the Indian currency, and we are dealing with this issue by improving our forecasting and inventory planning, and placing more emphasis on increasing localization.

Excavator sales is at an all-time high and 2018 is likely to close at 26000+ units, including the mini (<6T) excavator and large (>50T) excavator.

Hyundai is one of the leading companies; it is gaining volumes and market share across segments and geographies. The company has plans to scale up its existing production capacity from the annual 6,000 units to 10,000 units to cater to growing demand in both the domestic and export markets.

Hyundai excavator’s acceptance in India has been phenomenal. This is because our customers believed in our solutions and wide product options. From 0.5% to 18% in 10 years’ time and taking a firm to 2nd position, can be attributed to the fact that Hyundai has invested on innovation and new technology to make customers more profitable.

We ensure equipment availability for our customers by maintaining a high level of ready stock.

In a growing market, one of the key elements for doing good business is information sharing on the market scenario, between dealer, manufacturer and vendor, so that they can collectively plan better sales strategies. Dealers are also encouraged to maintain inventory at the local level.

Hyundai

Our key marketing strategy is to be closer to our customers and build a platform for easy communication. To enhance customer experience, we have strengthened our dealer network by adding new infrastructure and strengthening our skilled manpower resources. Our local level customer engagement programs are also helping us understand market trends better.

NBM&CW December 2018

Epiroc: Tunneling Opportunities on the Rise

Anirban Sen, Underground Business Manager Asia Pacific & India, Epiroc Mining, shares information on the tunneling challenges in mines and the equipment required, and why the company is optimistic of demand rising Read More ...

Avigna Space Modernizing India’s Warehouses

Abhijit Verma, Executive Director & CEO, Avigna Space, gives insights on the importance of having a tech-enabled warehousing system with a world-class infrastructure to cater to important catchment areas in major markets Read More ...

NEC Corporation Transforming India's Logistics Industry

Debashish Debsikdar, AVP & Business Head - Transportation & Logistics, NEC Corporation India, discusses the challenges, solutions, and plans to enhance the development and delivery capability from India to aid the global Read More ...

Elematic Precast Construction & Technology Revolutionizing Indian Realty

Precast construction integrated with BIM will bring about organised construction, replacing inefficient use of material, machine, and manpower, says Shridhar Rao, Sales Head India, Elematic Read More ...

ECE White Line Promising Value-For-Money

Abhijit R Shinde, Head – Sales & Marketing, Escorts Construction Equipment, shares the advanced features of ECE’s new range of White Line products designed to meet the higher performance demands of Fleet Owners Read More ...

TEMOWA: Voice of the Construction Equipment Industry

J. Vivek Kathipara, MD, BOSON Infra India & General Secretary of TEMOWA, expresses his solidarity with the Construction and Infra Development industry by aiming to enhance the Association’s reach in representing Read More ...

Bhupinder Singh, CEO, bauma CONEXPO INDIA

Exhibitors have welcomed the new dates for bauma CONEXPO INDIA as it will allow companies time to recover from the ongoing crisis and stabilise operations Read More ...

Arvind K. Garg, Chairman, bauma CONEXPO INDIA - Task Force and Executive Vice President and Head - Construction and Mining Machinery Business at Larsen & Toubro

Rescheduling the event to February 2021, would act as a catalyst in the Read More ...

Sandeep Singh, President, iCEMA & Managing Director, Tata Hitachi

The CE Industry is fighting battles on many fronts, including very low levels of plant capacity utilization and sales, and consequent impact on company Read More ...

Mu. Moahan, President, BAI

The government’s new urban development mission and the partnership agreements between urban local bodies and foreign players are expected Read More ...

Dimitrov Krishnan, MD, Volvo CE India

The central government should form a task force of ministers to review progress reports and identify issues that need to be resolved to kickstart the Infra Read More ...

Ramesh Palagiri, MD & CEO, Wirtgen India

Rebooting activities in the Infra sector and more so in the road sector is critical for the economy. We expect the road construction activity to pick up pace from Read More ...

Deepak Garg, Managing Director, SANY India & SOUTH ASIA

Technological evolution at frequent intervals, manpower management, right allocation of budget, and efficient management of cash flow Read More ...

Devendra Kumar Vyas, MD - Srei Equipment Finance Limited

The Government’s commitment is evident from its initiative of setting up NIP involving investments of Rs. 111 trillion over five years up to 2025. Read More ...

Jasmeet Singh, AVP, Corporate Communications, JCB India

Going forward, two key sectors are set to emerge and drive demand for construction equipment – first being the development of infrastructure in Read More ...

Sorab Agarwal, Executive Director, ACE

The CE industry will see growth in FY2022 - in similar numbers as seen in FY2020 - as are we are sure that the Government will find ways to keep the ball rolling Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week