Deepak Shetty, JCB India
Deepak Shetty, CEO & Managing Director
We will showcase class-leading product solutions that exhibit innovation in design, performance, efficiency, and safety, including the integration of digital technology in our products.
JCB India has always focused on Growth, Innovation and Technologically backed Sustainable solutions, and this year will be no different. There is going to be a thrust on digital technologies and their integration into new products.
We will also showcase the entire range of our world-class JCB products starting from the compact range such as Mini Excavators and Skid Steer Loaders, to mid-range machines such as Backhoe Loaders, Telehandlers, Tracked Excavators, Compactors, Skid Steer Loaders, Wheeled Loaders, and Access Platforms.
All these products have been designed and engineered to cater to the changing needs and increasing demand across different segments of the Construction Industry. JCB will display its range of Consumer Products, Parts and Product Support, and apart from this, visitors will get to experience world-class technology in action at our booth in terms of Telematics, Internet of Things, Machine Learning and BIG Data.
JCB India has a strong focus on new technologies that are making their way into the construction industry. Our machines are IoT enabled and give real time information on critical parameters.
JCB will be showcasing the growth and the penetration of digital technology in its construction equipment. India is poised to become the second largest market for construction equipment, and it is important that we remain competitively strong as regards the quality of our products and our customer service. Many OEMs have made advancements in their manufacturing too, so much so that many made in India products are being exported all over the world.
JCB is adding many new models of construction equipment every year and improving the skills of operators.
The Indian Government has announced some of the biggest structural reforms in the recent past, such as the National Infrastructure Pipeline (NIP), establishment of NaBFID for infrastructure financing and development, and the Gati Shakti Mission. The policy on Asset Monetisation will further improve liquidity in the system.
JCB India is highly enthused by these announcements and supports the initiatives by adopting more mechanization and create sustainable demand for advanced equipment for use in major projects. We aim to become more tech-friendly by adopting IoT, robotics, etc given that Industry 4.0 is making its way into the construction industry and India must remain ahead of the curve.
Equipment rental has been growing steadily in the CE industry.
Today, we are seeing a large number of machines being deployed by rental companies; however, we still do not have large-size rental companies that do bulk buying, unlike in many markets around the world.
India’s rental market is still fragmented and unstructured and operates largely at the local level. But we are seeing interesting trends over the last two years such as attractive financing options for rental equipment.
For its future growth, the CE Industry must start evaluating the potential it has, and the opportunities coming its way for infrastructure development.
There have been encouraging policy changes in the recent past and budgetary allocations towards development of world-class infrastructure. Excon will showcase the vision of an Atmanirbhar Bharat with the drive towards Make in India. The CE industry is already exporting to over 110 countries around the world.
All the exhibitors and visitors - be they buyers, financiers, dealers, suppliers, contractors, construction companies, or the academia - every stakeholder will have something to take away from the event.
At JCB India, we are looking at the CE industry’s future growth by evaluating the potential it has, and the opportunities coming our way for infrastructure development due to the recent policy changes and the budgetary allocations towards developing world-class infrastructure.
NBM&CW May 2022
