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ACE receives 285 special forklifts and 6 rough terrain cranes orders from MoD

This is part of the Make in India initiative.Read more

MCE component localisation levels to rise 70% in 5-7 years; ICRA

The Indian mining and construction equipment (MCE) industry is the third largest in the world in terms of volumes sold, however, it imports nearly 50% of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others.Read more

Kobelco Construction India launches SK80 Excavator

The company operates a manufacturing facility in Sri City, Andhra Pradesh, approximately 110 km from Chennai, where it produces excavators and cranes. Read more

Indian MCE industry reports 5% Y-o-Y growth in Q1 FY2025: ICRA

Road construction drives 35-45% of MCE sales in India followed by mining (20-30% share), real estate (10-20%), and othersRead more

India's construction equipment sector to touch $25 billion by 2030; ICEMA

Currently the world’s third-largest market for construction equipment, India’s CE industry is valued at approximately $10 billion (FY24).Read more

Tata Hitachi to invest Rs 2 billion in manufacturing plants for FY25

The company, a 40:60 joint venture between Tata and Hitachi of Japan, aims at ramping up localisation levels to 70% over the next 2-3 yearsRead more

Case India launches the first Skid Steer Loader for the Indian market

Case India has handed over the SSL – SR130B machine to the first Indian customer, Global Enterprises based in Pune. Read more

Siemens Limited declares CAPEX of over Rs 10 billion

The company's Smart Infrastructure Business is set to boost its factory presence in Goa with an investment of Rs 3.33 billion, marking the largest investment by Siemens in the state. Read more

Construction equipment sales in India up by 26% in FY24: ICEMA

The construction equipment industry records increase in domestic sales for FY 24 by 24%; exports by 49%.Read more

PG Technoplast unveils integrated AC manufacturing facility in Rajasthan

The brand-new facility, spanning an impressive 200,000 sq ft manufactures a comprehensive range of split ACs ranging from 0.75T to 2.0TRead more

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