Larsen & Toubro - Arvind K. Garg, Executive Vice President & Head

Arvind K. Garg, Executive Vice President & Head, Construction & Mining Machinery Business
Arvind K. Garg, Executive Vice President & Head, Construction & Mining Machinery Business

“L&T will be participating with an outdoor pavilion and showcasing products from Komatsu and L&T Construction Equipment, ranging from excavators, graders, dozers, compactors, pavers, wheel loaders and skid steer loaders along with a variety of attachments. There will also be a display of Rammer products, which we distribute in India. The major highlight will be the launch of Komatsu PC300-8 M0 and PC350-8 M0 machines, along with our new L&T products- Skid Steer Loader and Hydraulic Paver. We will also showcase our capabilities in digitalizing our products with the latest Information Communication Tools, besides genuine parts, recon capabilities and service support.”

The budgetary allocation for infra development has given the much-needed boost to the CE segment.

The government focus on infrastructure development has led to substantial growth in the CE business. The budgetary allocation has been higher than the previous year by 21% at $92 billion. This spending will be close to 10% of GDP and has given the much-needed boost to the CE segment. Hydraulics Excavator sales is likely to exceed about 23,000 units this year, registering a healthy CAGR @ over 25% over the last 3 years. Similarly, the Compactor market is expected to be close to 5,500 units with a CAGR of 30% over the last 3 years.

Backhoe Loader continues to be the largest selling equipment with an annual demand for about 42,000 units. The Wheel Loader industry is expected to cross 4,000 units with aggregate and quarrying driving the demand. The overall growth of these equipment is likely to be sustained and we expect a CAGR of 12-16% over the next three years.

PC300 8M0 Hydraulic Excavator

Our products related to the Road Machinery sector and Granite/Marble quarries saw the highest growth rate in 2018.

We, at L&T, registered a healthy growth across all product categories ranging from 22-55%, with products related to Road Machinery and Granite/Marble quarries seeing the highest growth. In addition, the new products we launched have been well accepted by customers. This is helping us to consolidate the manufacturing volumes in both Komatsu and L&T plants. Meeting anticipated demand in the next few years and gearing up for the future will be part of our agenda.

We are adding new outlets for sales of parts at multiple locations.

On the parts support infrastructure, we recently moved to a new larger, state-of-the-art warehouse facility in Nagpur, which will cater to our needs for the next 7-8 years. We are consistently adding outlets for parts sales at multiple locations from the existing level of 150+ units. Our Parts-on-Wheels program has found excellent acceptance from customers and we are working towards strengthening it. We have since added a new sophisticated Service Centre in Singrauli for repair of our machines and components, and it has given a big fillip to the coal belt areas. Initiatives on digitalizing product support is being undertaken to meet future requirements of our customers.

Training infrastructure is a focus area and one of L&T’s key strengths. We are regularly increasing our training programs in multiple locations and covering a wider gamut of customers and their staff in operation and maintenance of equipment.

LTS315R Skid Steer Loader

L&T’s focus is on delivering the best technologies with the highest lifecycle value.

We are focused on delivering the best technologies with the highest lifecycle value, which have been accepted well by captive users and customers with a longer ownership horizon. L&T operates in the premium segment and gives the best value for money in terms of productivity, operating cost, reliability and longevity. Be it the Komatsu range of Excavators, Motor Graders, Dozers, the Scania range of Tipper trucks, the Sandvik and L&T attachments or our own range of L&T Compactors and Wheel loaders, we are a class apart in offering the best technology and support to customers along with value-add packages which enhance the utilization and productivity of our machines.

Our highly popular machine care program ‘Suraksha 9000’ is the first such initiative in the Indian CE industry.

Superior asset utilization has become the key for a developer to complete his project as per plan. Proper and on-time maintenance is crucial to enhance availability, reliability and durability of machines. We demonstrate this through Product Support packages like Annual Maintenance Contracts, Full Maintenance Contracts, Site Support Arrangements and Availability guarantees.

Our machine care program Suraksha 9000 plays an important role in this direction. When a customer enters this scheme, he agrees to use Komatsu genuine oil and filters. In return the power train warranty is extended up to 9000 hours or 3 years. All mandatory services are carried out under the supervision of trained service engineers. This adds tremendous value to the customer to improve the lifecycle cost of his asset and to the reliability and efficiency of the machine. For the retail segment and hirers who have a shorter machine ownership plan, or customers who have Capex constraints, we are offering innovative financing options.

Energy saving training and tips are provided to operator and maintenance team. Preventive maintenance checks like Komatsu undercarriage inspection is carried out and shared with the customer along with the PM report. This scheme insulates the owner from the impact of unexpected major component failure and protects him from unexpected cash outflow for equipment maintenance.

L&T 9020 sx Wheel Loader

Forex currency fluctuation appears to be a temporary phase.

The Indian economy has been strong and getting better by the day and can definitely absorb certain fluctuations and challenges. We have a very responsive government at the Centre, which has always responded quickly and positively to such challenges. We have also taken several steps within the organization to minimize the impact of such fluctuations.
NBM&CW December 2018
NBM&CW Celebrates 30 Years of Progress in the Construction Industry

NBM&CW Celebrates 30 Years of Progress in the Construction Industry

This month marks a significant milestone for our publication as we celebrate 30 years of dedicated service to the construction industry. For over three decades we have been relentless advocates for the adoption of technology, equipment

Read more ...

The Future of Indian Infrastructure Construction Landscape

The Future of Indian Infrastructure Construction Landscape

The Indian construction industry is poised for a significant transformation over the next two decades. With a strong focus on infrastructure development, India will invest over 1.40 trillion USD in the next five years on infra

Read more ...

KNR Constructions: Optimizing Project Delivery with Advanced Equipment

KNR Constructions: Optimizing Project Delivery with Advanced Equipment

Mechanization is helping projects become more financially viable. At KNR, we have become self-reliant by deploying our own equipment and new construction methodologies, which is also helping us optimize cost and time during

Read more ...

Volvo CE: Electric Excavators, Wheel Loaders, Haulers & Compactors

Volvo CE: Electric Excavators, Wheel Loaders, Haulers & Compactors

Volvo CE India is a frontrunner in sustainable construction equipment, offering electric excavators, wheel loaders, haulers, and compactors alongside advanced technologies for efficiency and flexible business models to meet evolving customer needs.

Read more ...

Rajpath Infracon: Transformative Technologies Driving Growth Opportunities

Rajpath Infracon: Transformative Technologies Driving Growth Opportunities

Rajpath Infracon recognizes that innovation is the key to building sustainable, efficient, and durable roads for the future. They advocate for the adoption of advanced technologies throughout the entire project lifecycle - from materials and design to construction and maintenance.

Read more ...

AFCONS: Leveraging Technologies Like GFRP, HSFRC, UHPC, Precast & BIM

AFCONS: Leveraging Technologies Like GFRP, HSFRC, UHPC, Precast & BIM

AFCONS Infrastructure is at the forefront of construction innovation, leveraging disruptive technologies like GFRP, HSFRC, UHPC, precast construction, and BIM to address labor shortages, enhance sustainability, and improve project efficiency.

Read more ...

Wirtgen: Cold Milling Machines, Asphalt Pavers & Compaction Equipment

Wirtgen: Cold Milling Machines, Asphalt Pavers & Compaction Equipment

With its innovative and cost-effective road building and rehabilitation machines, the Wirtgen Group has emerged as an undisputed market leader, offering customers tech-rich and value-for-money products.

Read more ...

Godrej Switches to 100% Green Energy; Builds 3D Printed Office from RCA

Godrej Switches to 100% Green Energy; Builds 3D Printed Office from RCA

We have implemented eco-friendly production processes and energy-efficient technologies to minimize our carbon footprint; we also adhere to stringent waste management protocols, and the principles of Circular Economy.

Read more ...

Terex: Cutting-Edge Mobile Crushers & Screens, Washing Systems & Cranes

Terex: Cutting-Edge Mobile Crushers & Screens, Washing Systems & Cranes

Terex India, a leader in materials processing equipment like Powerscreen® mobile crushers and Finlay® screens, is at the forefront of sustainable construction. Their Hosur facility exemplifies operational excellence with a focus on clean energy, environmental responsibility, and digital tools for efficiency across their diverse product range including Terex® Washing Systems, Franna® cranes, and EvoQuip® solutions.

Read more ...

BMC Mumbai: Road Repair with Thin White Topping & Ultra-Thin White Topping

BMC Mumbai: Road Repair with Thin White Topping & Ultra-Thin White Topping

Thin White Topping/Ultra-Thin White Topping overlays are innovative pavement repair and strengthening solutions and are also cost-effective and less maintenance intensive, having demonstrated performance comparable to traditional

Read more ...

ACE: Mobile Crane, Pick & Carry Crane & Backhoe for Next-Gen Construction

ACE: Mobile Crane, Pick & Carry Crane & Backhoe for Next-Gen Construction

Action Construction Equipment (ACE) offers a comprehensive range of construction equipment – mobile cranes, Pick & Carry Cranes, fixed tower cranes, backhoe loaders, and more – while pioneering sustainable solutions and advanced technologies like automation and AI for next-generation construction.

Read more ...

Sanghvi Movers: Leading Crane Rental Industry With End-to-End Solutions

Sanghvi Movers: Leading Crane Rental Industry With End-to-End Solutions

Sanghvi Movers, Asia's largest crane rental company, leverages its extensive fleet of cranes and expertise to address infrastructure growth in India. They offer comprehensive solutions including logistics, erection services, and project management for diverse sectors like wind energy and refineries.

Read more ...

JCB LiveLink & Industry 4.0 for Connected Machines & Smart Manufacturing

JCB LiveLink & Industry 4.0 for Connected Machines & Smart Manufacturing

JCB India leads the way in digital construction with JCB LiveLink for their iconic Backhoe Loaders and other machines, offering real-time data, improved efficiency, and Industry 4.0 adoption for smarter manufacturing.

Read more ...

Adani Group: Driving Construction Innovation with Digital Solutions & AI

Adani Group: Driving Construction Innovation with Digital Solutions & AI

Ambuja Cements and ACC’s focus on Digitalisation and AI-driven strategies are delivering exceptional solutions. By embracing cutting-edge technologies and fostering a culture of innovation, we are offering best-in-class products and

Read more ...

SCHWING Stetter: Batching Plants, Concrete Pumps & Waste Recycling Plants

SCHWING Stetter: Batching Plants, Concrete Pumps & Waste Recycling Plants

SCHWING Stetter India, a leader in concrete equipment, offers a wide range of innovative products – batching plants, concrete pumps, mixers and waste recycling plants – to promote sustainable and efficient construction practices.

Read more ...

Kalpataru Group: Transforming the EPC Industry for a Greener Future

Kalpataru Group: Transforming the EPC Industry for a Greener Future

Kalpataru Group champions sustainable practices in the EPC industry, focusing on renewable energy, green buildings, and innovative technologies for a greener future.

Read more ...

Puzzolana: Leveraging R&D for Advanced Crushing & Screening Equipment

Puzzolana: Leveraging R&D for Advanced Crushing & Screening Equipment

Puzzolana leverages R&D to develop cutting-edge crushing and screening equipment, including high-capacity jaw and cone crushers, for optimized production and reduced costs per ton.

Read more ...

SGES Group: Expert Geotechnical Solutions for Streamlined Construction

SGES Group: Expert Geotechnical Solutions for Streamlined Construction

At SGES, our team brings over 200 years of collective experience in solving complex geotechnical problems; by quickly providing tailored solutions, we assist clients in making timely decisions, thus avoiding time and cost overruns.

Read more ...

Sany: Intelligent Service Platform with Telematics & Electric Dump Truck

Sany: Intelligent Service Platform with Telematics & Electric Dump Truck

Sany India discusses their Intelligent Service Platform with telematics and analytics, commitment to electric vehicles like the SKT105E mining dump truck, and plans for hybrid construction equipment.

Read more ...

To get latest updates on whatsapp, Save +91 93545 87773 and send us a 'Saved' message
Click Here to Subscribe to Our eNewsletter.