What will be the highlights of your product display at the upcoming bauma Conexpo India?
Schwing Stetter India will be launching new products to foster the importance of sustainability through increased fuel efficiency of our new machines. Our new EV equipment, which will be added to our product range, will augment our products like Sludge Pumps to be more active in waste management and waste re-cycling processes.
What equipment demand and sales do you foresee in FY 2023-24?
Schwing Stetter India has always been a step ahead in monitoring market trends and formulating flexible strategies in place to adapt to changes in demand. We believe that the first half of FY 2023 will be good, and the first half of FY 2024 will be excellent. The first half of FY 2025 is also expected to pick-up the same pace of FY 2024.
What progress is India’s CE industry making towards creating a more waste-and emission-free environment?
Most OEMs are dependent on prime movers like diesel engines and electric motors to facilitate their construction equipment. As sustainability is an integral part of our company, we are currently pursuing multiple collaborations and R&D verticals to ensure that innovative solutions will be brought to the market soon.
Customers are ready to consider the longevity of the machines, hassle-free performance, and aftermarket services as a benefit to the rising cost. This makes our brand a better option in the market. We are committed to increasing the usage of green energy in our facilities and reducing carbon emissions. But since we have only assembly plants, there is limited scope for taking further steps towards reducing carbon emissions.
We are also self-reliant when it comes to employing skilled labour. This is because our in-house training department has been creating skilled manpower not only for our own requirements but also to meet market requirements.
How can the CE fraternity and the Government support the Industry?
To support the growth and development of the construction equipment (CE) industry, both the CE fraternity and the government should focus on demand creation, consistency in contract awarding, promotion through exhibitions and exports, implement a Production Linked Incentive scheme, provide regulatory support for scrapping policy, and increase skilling initiatives. By addressing these key areas, the industry can become more competitive and efficient, and better able to meet the needs of its customers.