Manish Mathur of ACE: Overall outlook for next two years in positive
Equipment

Manish Mathur of ACE: Overall outlook for next two years in positive

Manish Mathur, CEO – Cranes, Action Construction Equipment, speaks on how the market for medium and heavy-duty mobile cranes progressing in India. How is the medium and heavy-duty mobile cranes market progressing in India? Which projects are the major demand drivers? ...

Manish Mathur, CEO – Cranes, Action Construction Equipment, speaks on how the market for medium and heavy-duty mobile cranes progressing in India. How is the medium and heavy-duty mobile cranes market progressing in India? Which projects are the major demand drivers? The overall outlook for next couple of years for pick and carry, and medium and heavy-duty mobile cranes is positive. While we expect a sustainable growth on YoY basis, but due to pandemic, we might see some hiccups in between. However, clearly, mobile cranes market in India will grow in the next three to four years. High-speed rail projects, road projects, airports (both Greenfield like Jewar and expansion in cities like Delhi and Chennai airports), various metro and rapid rail projects, Greenfield refinery projects and various water pipe laying projects across India will drive the growth of mobile cranes in upcoming years. The mobile cranes market in India is still dominated by pick-n-carry cranes. Why? Pick-n-carry cranes in India became popular as they are value for money products initially and off late they have developed to be cost effective, highly efficient and productive and easy to maintain. These cranes are available through hirers and contractors across all major district centers of India. They now dominate the material handling space. What are the major design changes in your range of products? At ACE, our company DNA has always stemmed from developing value-for-money products from the customer standpoint, on the one hand. While still offering operator-friendly products, on the other. Robust R&D has always been a big part of our success story. The evolution of NextGen and multi activity cranes range attributed the successors our team achieved in last couple of years. We had recently launched the NX Series NextGen multi activity cranes. These new NX Series cranes perform multiple tasks apart from crane operations thereby adding versatility and providing multi-purpose utilisation for the users. These types of multi activity cranes with articulated steering are the first in the world and ACE has already applied for the necessary patents for the entire series. All our BS IV models in the 15-30 tonne range developed in last six and eight months and our multi activity cranes – NXP 150, NX 360 and FP 210, which are now part of every major infrastructure project, speak volume about success of our endeavours. What is the role of safety in heavy-duty mobile cranes? What are the added safety features in your mobile cranes? All the new higher capacity models are made keeping in mind the enhanced safety requirements on the project site, which are now working as per world standards. Use of SLI, telematics, etc. is now common and has become standard features of most of our machines. How do you look at the market recovery and outlook for mobile cranes? What will drive the growth in future? Infrastructure is the very foundation of every strong nation and economy. According to the vision of our Prime Minister Narendra Modi, India is coursed to growing into a $5 trillion dollar economy by 2024. This can definitely pave the way for the success of the construction equipment industry. Government spending on infrastructure and rapid urban development is at an all-time high. In addition, the overall growth of the Indian economy, in the coming years, will further boost disposable income. This will in turn further increase the demand for better infrastructure and development. We are proud to say that ACE is a 100 per cent Swadeshi brand.

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement