The nation has seen significant development in the road segment, and the total national highway length has increased to 1,22,434 km in FY’18. In the last five years, one has seen a lot of development in terms of construction of the national highways, rural roads ports and airports. The capacity addition in infrastructure segment means the construction equipment as has seen a good run. With more projects in the offing and clear road map till 2022, the equipment segment clearly is heading for healthy growth. Considering the changed scenario, in the 5th Anniversary issue of Construction Times, we have decided to showcase the best companies from the segment. The companies are carried in the alphabetical order, which doesn’t indicate any particular ranking.
Hyundai Construction Equipment India
Hyundai Construction Equipment India Pvt. Ltd (HCEIPL) is a subsidiary of Hyundai Heavy Industries, It was founded in South Korea in 1947, and was established in India in 2007. Hyundai manufactures products that suit every requirement and application, be it irrigation, road construction, mining or any other infrastructure development activities.
Hyundai produces excavators which can be equipped with attachments such as a bucket, rock breaker, etc., to cater to the needs of various segments. Hyundai Construction Equipment India Pvt Ltd announced Eun Soo Lee as the new Managing Director for India operations.
JCB India Limited is a leading manufacturer of earthmoving and construction equipment in the Heavy Equipment sector in India. The company started as a joint venture in 1979 and is now a fully owned subsidiary of J.C Bamford Excavators, United Kingdom. With five state-of-the-art factories in India, it today manufactures a wide range of world-class equipment, not only for India but also for global markets. Their products include construction, waste handling, agriculture, and demolition machinery. The Company offers a wide range of machines such as backhoe loaders, loading shovels, tracked excavators, compactors, telehandlers, skid steer loaders, and pick and carry crane and many more. JCB dominates the Indian construction equipment market with every three out of every four construction equipment sold in India being a JCB. The Indian operations of the UK company account for 17.5 per cent of its total revenue. Vipin Sondhi is the Managing Director and Chief Executive Officer of JCB India Limited.
Tata Hitachi Construction Machinery Company
Tata Hitachi Construction Machinery Company Pvt Ltd is an India-based joint venture between Tata Motors and Hitachi Construction Machinery of Japan which holds 60 per cent share and Tata Motors Ltd. holding 40 per cent. It was previously known as Telco Construction Equipment Co. Ltd.
Tata Hitachi is focused on capitalising the opportunity in the domestic arena for which the key market segments are excavators, wheeled products, cranes and others. It is one of the largest manufacturers of construction equipment in the country and has three manufacturing plants at Jamshedpur, Dharwad, Kharagpur THCM has its presence in products such as Excavators, Wheel loaders, Excavator Loaders, Soil Compactor, Transit Mixer, Dumptrucks (Euclid Trucks), Mechanical Cranes, Motor-grader, Reach stacker, Hydraulic cranes and so on. Sandeep Singh is the Managing Director of TATA Hitachi Construction Machinery Company Limited.