Komatsu’s sales soar 18% in Q1 2022

17 Aug 2022 CW Team

Komatsu has announced earnings from the first quarter of its April-March fiscal year 2022, reporting an 18% increase in net sales compared to the same period last year, to $5.7 billion. Construction, mining and utility equipment accounted for $5.3 billion of the company’s sales for the three months ending June 30, a 20% increase from the first quarter of 2021.

North American sales increased by 49% during the first quarter. Komatsu attributed the gains to strong growth in the residential and nonresidential construction segments, as well as road and traffic infrastructure segments.

Sales also expanded sharply in Asia (40%) and Latin America (26%), propping up declines in Eastern Europe and Asia, China and Oceania (Australasia, Melanesia, Micronesia and Polynesia). Sales were supported by an increased volume of sales, the positive effects of foreign exchange rates and improved selling prices.

Looking forward, Komatsu has not changed its projection for its full-year results for the rest of the fiscal year, which ends March 31, 2023. Overall, demand will remain flat from fiscal year 2021. The company used the earnings call to reflect on several highlights from the quarter.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..