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Sales of Indian MCE industry to fall by 5-7% in FY2025: ICRA
Road construction accounts for 35-45% of MCE sales in India, followed by mining (20-30%), real estate (10-20%) and other sectors (railways, water supply, power etc.).Read more
India's MCE industry set for 70-80% expansion in 5 years: ICRA
The MCE industry, driven by the country’s infrastructure-led growth, has already witnessed a compound annual growth rate (CAGR) of 12% over the past decade (FY2015-FY2024), reaching 136,000 unit sales in FY2024.Read more
Caterpillar to invest Rs 5 billion to expand Tamil Nadu facilities
In addition to this MoU, agreements worth Rs 70.16 billion were signed with 16 global companies in San Francisco and Chicago.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
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
Miller Deltaweld Systems now comes with Insight Centerpoint solutions
Miller Electric Mfg LLC, a leading worldwide manufacturer of Miller brand arc welding equipment, has announced that Deltaweld Systems are now available with the Insight Centerpoint weld information application. Read more
MobileDrive builds next-gen autonomous driving systems with Siemens’ digital twin technology
MobileDrive has adopted a model-based systems engineering (MBSE) approach its Advanced Driver Assistance Systems (ADAS). Its vision and technology roadmap is based on market-led vehicle requirements built using Siemens Xcelerator.Read more