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ICEMA annual industry results for FY 2022-23 shows 26 per cent YoY growth
Indian Construction Equipment Manufacturers' Association (ICEMA) released its industry result for the FY 2022-23. The results shows construction equipment sales grew 26 per cent to cross 1 lakh mark with 28.5 per cent growth in domestic sales YoY, and 3 per cent growth in exports.Read more
Hannover Messe 2023 presents digital, sustainable future
With about 4,000 companies (from 63 countries) and 1,100 conference presentations, Hannover Messe 2023 (HM23) showcased innovative manufacturing solutions for a digital, connected, sustainable industry. Over 130,000 visitors had first-hand experience of some of the futuristic technologies that were on the display at the trade fair, says Rakesh RaoRead more
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