Volvo CE: Electric Excavators, Wheel Loaders, Haulers & Compactors
As the construction equipment industry continues to evolve, stakeholders should remain agile and adaptive to capitalize on emerging trends and technological advancements.
Dimitrov Krishnan - Managing Director, Volvo CE India
What innovations are reshaping India’s Construction Equipment Sector?
India’s construction equipment sector is undergoing a profound transformation. Today, heavy machines are designed, operated, and maintained by technological innovations such as the Internet of Things (IoTs), Artificial Intelligence (AI), and automation, enabling operators to make informed decisions via better monitoring energy usage, predictive maintenance, and optimization of operational efficiency. Coupled with innovative business models, the industry is addressing critical challenges such as sustainability, cost efficiency, and schedule overruns. These tech-led innovations are reshaping operational practices and setting new standards for environmental stewardship and operational excellence.Over the past years, India has witnessed an increase in sustainability measures through innovative technological advancements. This shift is propelled by regulatory requirements and rising customer demand for greener solutions that minimize environmental impact. One of the significant trends driving this shift is the development and deployment of electric and hybrid construction equipment. These machines offer reduced carbon emissions and lower operational costs compared to traditional diesel-powered counterparts.
Please elaborate on Volvo CE’s electric and other new equipment.
With a commitment to driving innovation and sustainability in the construction industry, Volvo Construction Equipment (Volvo CE) has pioneered electric construction equipment. Through significant investments in research and development of electric vehicles (EVs) and other sustainable solutions, Volvo CE aims to reduce environmental footprint and contribute to a cleaner future.Volvo CE leads this charge with a comprehensive portfolio of electric excavators, wheel loaders, haulers, and compactors, across categories. Our electric models comply with stringent environmental regulations and cater to a growing market preference for sustainable construction practices.
Besides innovations in electric machines, the industry is also making strides in the innovation of several other technologies such as Hydrogen as a fuel for ICE machines, Hydrogen fuel cells, Grid-connected-electric machines, efficient hydraulics, and energy recuperation. Volvo CE recently unveiled its ‘Built for Bharat’ 20-tonne class crawler excavator EC210. The excavator is a prime example of cutting-edge innovations in exceptional fuel-efficiency and high reliability in any light, medium or heavy-duty applications.

How is technology addressing project cost and schedule overruns?
The industry has significantly evolved over the years to address persistent challenges of cost and schedule overruns. This is achieved through a combination of technological advancements, improved project management practices, and strategic initiatives.Today, operators have access to modern equipment that is equipped with technologies such as GPS tracking, IoT sensors, and automated control systems. These advancements contribute to reduced construction time and mitigate the risk of delays that often lead to cost escalations. More than ever, the industry is increasingly applying digital tools and software solutions for project planning, scheduling, and monitoring. Such integrated project management platforms allow stakeholders to collaborate in real time and proactively address bottlenecks before they impact timelines and budgets.
There is also a growing emphasis on skill development and training programs for construction equipment operators and project managers. A well-trained skilled workforce is crucial for maximizing the efficiency and uptime of equipment. The Infrastructure Equipment Sector Council (IESC) is working with stakeholders to shape the skilling landscape for the Indian construction equipment workforce. With continuous training and upskilling, IESC ensures that operators are proficient in utilizing the latest technologies and techniques effectively.
What new business models and strategies is Volvo CE applying to address the changing market dynamics?
Today’s innovative business models are largely led by the shift in market dynamics and evolving customer expectations. The rise of rental and leasing models for construction equipment is a prominent trend. This approach offers flexibility to construction companies, allowing them to access a wide range of equipment without the upfront costs of ownership. For instance, Volvo CE’s Equipment-as-a-Service (EaaS) business model works on a usage-based contract with an uptime assurance. This allows customers to pay only when utilizing the equipment at a fixed hourly rate. Such innovative business models in the industry also allow customers who are accustomed to traditional diesel equipment to experience the electric range, without making upfront investments.Beyond introducing new models, Volvo CE India is strengthening its established service areas. The company supports a robust spare parts supply chain with an extensive network of over 300 touchpoints, ensuring easy access for end users. Technological advancements are also crucial to their strategy. Volvo CE India utilizes telematics to monitor machines, predict part requirements, and proactively address potential issues through its "Active Care" subscriptions.
Another emerging business model is the emphasis on integrated solutions and services. Construction equipment manufacturers and dealers are now offering bundled packages that include comprehensive aftermarket support, financing options, and even project management consultancy, along with the equipment. This integrated approach helps construction firms streamline procurement processes, reduce administrative burdens, and ensure seamless project execution from start to finish. These evolving business models offer flexibility, integration, sustainability, and innovation to address the changing market dynamics.

What growth prospects do you envisage for India’s construction industry in the near future?
India's construction equipment industry has been experiencing robust double-digit growth year-on-year, setting it apart as one of the few expanding markets globally amid an infrastructure push. Though industrial growth is witnessing a slowdown globally, India however continues to see good growth momentum in recent years. This is the first time we are seeing the industry continue with its momentum in an election year.Volvo Unveils All-New CE EC210 Excavator to Meet Market Demand
Kamel Sid, (Global) Head of Operations & Dimitrov Krishnan, Managing Director, Volvo CE India unveiled the new EC210, a 'Built for Bharat’ 20-ton hydraulic crawler excavator in Bengaluru on 18th June 2024. The all-new EC210 excavator has been designed and developed to offer superior performance, fuel efficiency, low maintenance, versatility across applications, operator comfort, safety during operations, and ease of servicing. With its best-in-class attachment configuration and next-generation control hydraulics system, EC210 offers unmatched precision and faster response time.
It has an operating weight ranging from 20700 kg to 21300 kg and features the E-Series CEA2+ Gen1 electronic system for enhanced efficiency. Powered by the VECV E494 engine delivering 7 hp at 2000 rpm and a maximum torque of 520 Nm at 1600 rpm, it offers up to 10% improvement in fuel efficiency. It is equipped with a Positive Control Hydraulic System and highly efficient hydraulic cylinders, a 5.7 m boom and a 2.5 m arm, with an optional 2.9 m arm available.
The machine is fitted with a 1.1 m3 GP bucket or a 0.92 m3 HD bucket and has a spacious 390-liter fuel tank for extended operations. It reduces maintenance costs with a 20% decrease in hydraulic oil and engine oil refilling requirements. Standard features include a 600 mm triple grouser crawler, X1-spool in MCV, delayed engine shutdown, battery cut-off switch, and a large console with real-time machine monitoring capabilities.
As the construction equipment industry continues to evolve, stakeholders should remain agile and adaptive to capitalize on emerging trends and technological advancements. Collaborative efforts between manufacturers, operators, and regulatory bodies will be crucial in driving industry-wide transformation towards sustainable practices and enhanced operational efficiencies. Collectively, we can pave the way for a resilient and forward-thinking construction equipment industry.