Construction equipment industry to grow in H2 of 2022: JCB India
Equipment

Construction equipment industry to grow in H2 of 2022: JCB India

CEO and Managing Director of JCB India, Deepak Shetty, told the media that the construction equipment business will grow in the second half (H2) of 2022 and will place the industry back to the pre-covid times.

JCB, which recently inaugurated a Rs 1,000 crore facility in Vadodara, and told the media that it would continue to innovate, invest in innovation and alternate fuel.

In 2021, the company launched many new products and planned to launch fuel-efficient machines to reduce the burden of inflationary challenges.

CEO and Managing Director of JCB India, Deepak Shetty, said that in the last five years, the company might have improved fuel efficiency by 25%. The company aims to provide better fuel efficiency and reduce maintenance costs to reduce the overall cost of ownership of the product.

He said that the new facility in Vadodara would provide employment to around 1,200 people, and half of them would be women. JCB has six factories in India, and 34% of its employees in Jaipur are female.

The construction equipment industry has faced challenges, particularly due to the Covid-19 pandemic, as the construction equipment industry declined by 8%.

He said that the company is exporting to over 110 countries from India. In 2021, its exports grew by nearly 300% despite a little slowdown in the market, which the company was able to supply. The company exports products to South Asia, Latin America and Africa. It is exporting from India to the US, Europe and Australia.

Shetty said that JCB LiveLink, an Internet of Things (IoT)-based technology, over 2 lakh machines are connected to it.

Image Source

Also read: UK PM Johnson inaugurates JCB manufacturing unit at Vadodra

CEO and Managing Director of JCB India, Deepak Shetty, told the media that the construction equipment business will grow in the second half (H2) of 2022 and will place the industry back to the pre-covid times. JCB, which recently inaugurated a Rs 1,000 crore facility in Vadodara, and told the media that it would continue to innovate, invest in innovation and alternate fuel. In 2021, the company launched many new products and planned to launch fuel-efficient machines to reduce the burden of inflationary challenges. CEO and Managing Director of JCB India, Deepak Shetty, said that in the last five years, the company might have improved fuel efficiency by 25%. The company aims to provide better fuel efficiency and reduce maintenance costs to reduce the overall cost of ownership of the product. He said that the new facility in Vadodara would provide employment to around 1,200 people, and half of them would be women. JCB has six factories in India, and 34% of its employees in Jaipur are female. The construction equipment industry has faced challenges, particularly due to the Covid-19 pandemic, as the construction equipment industry declined by 8%. He said that the company is exporting to over 110 countries from India. In 2021, its exports grew by nearly 300% despite a little slowdown in the market, which the company was able to supply. The company exports products to South Asia, Latin America and Africa. It is exporting from India to the US, Europe and Australia. Shetty said that JCB LiveLink, an Internet of Things (IoT)-based technology, over 2 lakh machines are connected to it. Image Source Also read: UK PM Johnson inaugurates JCB manufacturing unit at Vadodra

Next Story
Infrastructure Urban

Veranda Launches Restructuring Under ‘Veranda 2.0’ Vision

Veranda Learning Solutions has unveiled a major strategic restructuring initiative under its ‘Veranda 2.0’ vision, designed to unlock long-term value, enable focused growth, and sharpen operational agility in India's rapidly evolving education sector. This move follows significant growth achieved through both organic and inorganic routes in recent years.The restructuring will involve a detailed analysis of synergies between Veranda’s four key verticals—academic, commerce, government test preparation, and vocational training. This process may lead to a potential merger or demerger of bu..

Next Story
Infrastructure Urban

Bluspring Lists on NSE and BSE After Strategic Demerger

Bluspring Enterprises Limited commenced trading today on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), marking a key milestone as it becomes an independently traded entity. The occasion was formally celebrated with the traditional ringing of the opening bell by Kamal Pal Hoda, CEO of Bluspring.The listing follows the successful execution of a three-way demerger from Quess Corp Limited, executed under a court-approved Scheme of Arrangement earlier this year. As an independent organisation, Bluspring now embarks on its mission to become India’s leading provider of..

Next Story
Infrastructure Urban

Sattva Sukun To Set Up New Glassware Unit in Firozabad

Sattva Sukun Lifecare Limited has secured approval to establish a new manufacturing facility in Firozabad, Uttar Pradesh, marking a major step in its strategic expansion. The unit will focus on producing premium glassware décor items such as table lamps, chandeliers, hanging lamps, flower pots, and aroma burners.By leveraging Firozabad’s traditional glassmaking heritage, the company will gain access to skilled artisans, readily available raw materials, and cost-effective infrastructure. This expansion aligns with the firm’s goal of enhancing capacity, launching new product lines, and impr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?