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AI startup, Cognecto raised Rs 4 Cr in a seed round led by Inflection Point Ventures

Indian company, Cognecto raised investment in the seed round by Inflection Point Ventures. It aims to uniquely combine IoT, AI-driven operational analytics, and managed services to unlock a new level of efficiency in Heavy Equipment. The startup was also named one of the most innovative startups by IIT Delhi in 2023.Read more

Indian market has a huge demand for hydraulic products

Static Hydraulic is a renowned engineering firm with immense experience in the field of manufacturing a comprehensive variety of hydraulic accessories. Sanajit Lahiri, MD, Static Hydraulic, in this interview, tells that the company is looking to grow in coming years with its newly established plants in West Bengal to manufacture varied hydraulic equipment.Read more

China’s XCMG mining equipment products includes AI controlled unmanned mines

XCMG Machinery, a leading Chinese construction equipment manufacturer, has released three new mining machinery products, including the XE690DK mining excavator, XDR80TE-AT autonomous electric dump truck, and XDE240 mining dump truck, which will better support global mining operations and infrastructure construction projects.Read more

Earthmoving Equipment Tyres: Sturdiest solutions for the world’s most demanding work environments

Demand for construction and infrastructure products is growing as a direct outcome of population explosion and global economic growth. Increasing construction and mining activities globally is a key factor driving the market for earthmoving equipment tyres, says Yash Pathak. Read more

Best Power Equipments appoints Sushil Virmani as managing director

BPE (Best Power Equipments) has appointed Sushil Virmani as the Managing Director of BPE. Founder and Group Managing Director, Amitansu Satpathy welcomed Virmani saying that he look forward to a new golden period under his leadership at BPE.Read more

Mahindra Research Valley at the forefront of automotive technology

Mahindra Research Valley (MRV), a flagship company of Mahindra Group sealed its leadership with record 210 patents in last 6 quarters. The patents granted is the highest number of patents to any Indian Original Equipment Manufacturer (OEM) during the period. 149 patent applications are just in the Electric Vehicle (EV) space.Read more

Germany’s Jungheinrich opens new integrated facility in India

The facility in Bhiwandi (Maharashtra) comprises equipment & spare parts warehouse, workshop & training center for its all-electric forklifts trucks and warehouse equipment.Read more

BPE deploys power critical equipment in 40+ healthcares across India

BPE (Best Power Equipments) announced that it has spread and installed more than 120 power backup solutions. The company has deployed UPS series EPX and GTX UPS in Zydus Healthcare Limited, Cadila Pharma, Medanta hospital and Acculife Limited (Nirma Group).Read more

Will push for green energise power equipment demand?

With favourable government policies and conducive environment, India is gearing up to execute the world's most extensive renewable energy expansion plan. But, will this present a big opportunity for equipment suppliers in the sector? Let’s find out.Read more

Indian construction equipment industry up 23% in Q3 FY23

Indian Construction Equipment Manufacturers’ Association (ICEMA), apex association for Construction Equipment (CE) manufacturers in India announced its Q3 FY23 results with shows sales grew by 23 percent YoY growth with 27,817 units of Construction Equipment being sold.Read more

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