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Construction : Editorial | August 2016 | Source : Equipment India

Expectations Post Monsoons

Slowdown in construction activities, all around the country, is a predictable annual feature. It is time for the industry to recharge its batteries, rejuvenate equipment fleets, invest in skill development and be ready to meet the frenzy post monsoons. Consequently, the equipment sales slump provides the suppliers with an opportunity to sharpen their strategies, enhance sales and marketing skills and also support their customers in the maintenance endeavours to maximise their after-sales business. Thinking realistically, during this lean period, spare parts and service business of a company significantly contributes to sustain the vendor´s profitability.

In reference to ease of doing business in the future, the market reports indicate high possibilities of the passage of the long-awaited GST legislation during the monsoon session of Parliament. Let us wait and watch the story as it unfolds before making any commitments.

In our earlier edition, we had reported on the growth story of hydraulic excavators in the country. Logically, the markets for downstream equipment like wheel loaders for material handling, loading and unloading have piggybacked on the same, during the same period. Interestingly, 3-5 tonne payload capacity wheel loaders have emerged as best sellers. Read more about this market in our cover story of this edition. As an extension of the same logic and the rise of transportation logistics in the country, the markets for the entire range of trucks staring from 7.5 tonne to 49 tonne GVW and heavy prime movers or tractors as termed by some professionals have seen a growth pattern close to the peak period in yesteryears. This industry is in a buoyant mood and is providing truck solutions, almost tailored to perfection, in meeting a diverse spectrum of user requirements, coupled with connectivity capabilities.

This month we focus on the prolific industry of attachments. Their use converts generic construction equipment into a formidable multipurpose work tool. Contractors benefit immensely by utilising purpose-specific attachments in terms of optimising their fleet size at worksites and operational economy.

The ´Make in India´ momentum has permeated to all areas of manufacturing. Earlier, very large volumes of high-end bearings were being imported to support the equipment manufacturers. However, for attaining a competitive edge, the bearing industry is gearing up to provide the latest generation bearings complimenting advanced concepts of lifetime or energy-efficient lubrication; higher dynamic capacity and others, from in-house facilities. Do read our informative CASH special on this subject.

Brexit happened. Indians expected a high downturn in our economy as a consequence of the same. On our invitation, DK Vyas of SREI Equipment Finance allays all fears in a very crisp and concise one pager.

Our regular columns of interest to the readers continue.

 
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