+
“India has lower penetration of rental equipment.”
PORTS & SHIPPING

“India has lower penetration of rental equipment.”

Munish Taneja, President-Equipment Hiring Business, Indiabulls Store One, urges the industry on improving rental yields and offering better operation and maintenance support to maximise the productivity of rental machines.

One pathbreaking offering: We have pan-India operations, which no other rental company offers today. We have our yards and operations team to support our freight in five locations. With a big fleet of 670 equipment, it is essential for us to offer good after-sales support – that is what differentiates us. 

Demand drivers in 2019: Piling, access platforms and mining are the three segments that will be growth drivers in 2019.

Announcement contributing to the company’s growth in 2018: This year, our main announcement of diversification was an important one. Earlier, we were focussed on the real-estate segment, where we had a huge presence. This year, we have diversified into railways, roads, port and infra projects, and piling. 

Challenge for the company in 2019: Being an election year, 2019 will be critical for large projects that are lined up. 
Key strategy to success in 2019: Diversification into new industry segments and increasing the customer base. Apart from this, we will focus on large infra projects that have stable funding and faster execution. 

Recommendation for growth of the construction equipment market: Compared to the developed market, India has a lower penetration of rental equipment. Rental yield is important for us to sustain and for future growth, which will enable us to provide good services to our customers. I request all rental competitors to focus on keeping a rental yield that will be beneficial to the customer and us.

Munish Taneja, President-Equipment Hiring Business, Indiabulls Store One, urges the industry on improving rental yields and offering better operation and maintenance support to maximise the productivity of rental machines. One pathbreaking offering: We have pan-India operations, which no other rental company offers today. We have our yards and operations team to support our freight in five locations. With a big fleet of 670 equipment, it is essential for us to offer good after-sales support – that is what differentiates us.  Demand drivers in 2019: Piling, access platforms and mining are the three segments that will be growth drivers in 2019. Announcement contributing to the company’s growth in 2018: This year, our main announcement of diversification was an important one. Earlier, we were focussed on the real-estate segment, where we had a huge presence. This year, we have diversified into railways, roads, port and infra projects, and piling.  Challenge for the company in 2019: Being an election year, 2019 will be critical for large projects that are lined up.  Key strategy to success in 2019: Diversification into new industry segments and increasing the customer base. Apart from this, we will focus on large infra projects that have stable funding and faster execution.  Recommendation for growth of the construction equipment market: Compared to the developed market, India has a lower penetration of rental equipment. Rental yield is important for us to sustain and for future growth, which will enable us to provide good services to our customers. I request all rental competitors to focus on keeping a rental yield that will be beneficial to the customer and us.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code