Construction equipment industry to grow in H2 of 2022: JCB India
18 May 2022
2 Min Read
CW Team
CEO and Managing Director of JCB India, Deepak Shetty, told the media that the construction equipment business will grow in the second half (H2) of 2022 and will place the industry back to the pre-covid times.
JCB, which recently inaugurated a Rs 1,000 crore facility in Vadodara, and told the media that it would continue to innovate, invest in innovation and alternate fuel.
In 2021, the company launched many new products and planned to launch fuel-efficient machines to reduce the burden of inflationary challenges.
CEO and Managing Director of JCB India, Deepak Shetty, said that in the last five years, the company might have improved fuel efficiency by 25%. The company aims to provide better fuel efficiency and reduce maintenance costs to reduce the overall cost of ownership of the product.
He said that the new facility in Vadodara would provide employment to around 1,200 people, and half of them would be women. JCB has six factories in India, and 34% of its employees in Jaipur are female.
The construction equipment industry has faced challenges, particularly due to the Covid-19 pandemic, as the construction equipment industry declined by 8%.
He said that the company is exporting to over 110 countries from India. In 2021, its exports grew by nearly 300% despite a little slowdown in the market, which the company was able to supply. The company exports products to South Asia, Latin America and Africa. It is exporting from India to the US, Europe and Australia.
Shetty said that JCB LiveLink, an Internet of Things (IoT)-based technology, over 2 lakh machines are connected to it.
Also read: UK PM Johnson inaugurates JCB manufacturing unit at Vadodra
CEO and Managing Director of JCB India, Deepak Shetty, told the media that the construction equipment business will grow in the second half (H2) of 2022 and will place the industry back to the pre-covid times.
JCB, which recently inaugurated a Rs 1,000 crore facility in Vadodara, and told the media that it would continue to innovate, invest in innovation and alternate fuel.
In 2021, the company launched many new products and planned to launch fuel-efficient machines to reduce the burden of inflationary challenges.
CEO and Managing Director of JCB India, Deepak Shetty, said that in the last five years, the company might have improved fuel efficiency by 25%. The company aims to provide better fuel efficiency and reduce maintenance costs to reduce the overall cost of ownership of the product.
He said that the new facility in Vadodara would provide employment to around 1,200 people, and half of them would be women. JCB has six factories in India, and 34% of its employees in Jaipur are female.
The construction equipment industry has faced challenges, particularly due to the Covid-19 pandemic, as the construction equipment industry declined by 8%.
He said that the company is exporting to over 110 countries from India. In 2021, its exports grew by nearly 300% despite a little slowdown in the market, which the company was able to supply. The company exports products to South Asia, Latin America and Africa. It is exporting from India to the US, Europe and Australia.
Shetty said that JCB LiveLink, an Internet of Things (IoT)-based technology, over 2 lakh machines are connected to it.
Image Source
Also read: UK PM Johnson inaugurates JCB manufacturing unit at Vadodra
Next Story
RentenPe and Mygate Partner to Transform Rent Payments in India
Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India鈥檚 first Rent Credit Score鈩� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe鈥檚 payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..
Next Story
Supreme Unveils New Brand Identity to Elevate Lifestyle
Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group鈥檚 refreshed vision to 鈥楨levate Lifestyle鈥�. This brand transformation represents more than a visual refresh鈥攊t marks a strategic shift in the company鈥檚 mission, visual identity and market positioning. The update will be visible across all of Supreme鈥檚 digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..
Next Story
Capri Loans Launches #TarrakiKeHaath Campaign Honouring India鈥檚 Everyday Heroes
Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India 鈥� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans鈥� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat鈥檚 economy. Conceptualized by Rediffusion Brand Solutions, the..
