The rural economy has also been driving sales of construction equipment. A good monsoon, record agricultural production and huge procurement by the government agencies along with a focus on rural infrastructure are all attributable to increasing rural prosperity.
Speaking exclusively with EQUIPMENT INDIA after winning the coveted Equipment India Person of the Year 2020 award, VG Sakthikumar, Managing Director, Schwing Stetter India, shares his thoughts on the company’s success, future plans and the market outlook.
Uniflex has recently started a new plant in Uttarakhand, and plans to start two more plants in the long term. Venkatesh S Aiyer, Director, Uniflex, shares more on the market trends and the company’s plans.
Gates believes in extending the boundaries of material science. Saji Thomas, General Manager, Product Line Management & Application Engineering - FP, Gates India, shares more on the product developments in the company and the market scenario.
L&T has fully conceptualised, designed, developed and manufactured in-house wheel loaders with more than 90 per cent components sourced domestically. Vivek Hajela, General Manager and Head - Construction Equipment Business, Larsen & Toubro, shares more on the market scenario and outlook.