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Technology high in Demand

Technology high in Demand

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ES LEE- Managing Director, Hyundai Construction Equipment India, Pvt. Ltd.

The customers are increasingly looking for equipment that ensures timely completion of the contract while ensuring productivity, profitability and reliability. says ES LEE- Managing Director, Hyundai Construction Equipment India, Pvt. Ltd.

AI, IoT, Big Data are dominating the CE segment. Comment on the integration of technology in Hyundai products

While currently, the implementation of these technologies is at a nascent stage, we see these technologies playing a crucial role going forward.

Equipment is the most crucial factor in any construction and mining operation. With the expectation of more efficient operations from the equipment, these technologies are poised be the next big thing. We are already witnessing wide-scale adoption of these technologies in more developed markets.     

Back Home, we have seen the Remote Management System, Hi Mate being launched In India and is doing exceptionally well. Other Global offerings such as Hi Assist and Hi Detect will soon find their way to the market.           

We are sure that we will be able to offer more technologies to the Indian market as it demands them as we already have a line-up of these proprietary tools at our disposal globally.               

Highlight a case where technology integration has benefited the customer?

The customers are increasingly looking for equipment that ensures timely completion of the contract while ensuring productivity, profitability and reliability.

To address this customer requirement, Hyundai CE India makes constant improvements in the existing line-up, along with new machine launches. Recently, Hyundai has introduced new fuel-saving technology in the 20-ton range that saves up to 25 per cent in terms of fuel costs. The customers widely welcomed this change. We will be extending this fuel-saving technology to other segments soon.

What is your outlook for Hyundai CE for the next three years?

The long-term prospect for India continues to be quite promising. Large scale projects by the central and state governments in sectors including roads, inland waterways, ports, airports and infrastructure modernisation in the cities would demand equipment on a large scale.        

The infrastructure sector remains the biggest focus area of the central Government. Under Union Budget 2019-20, Rs 4,41,704.8 crore was allocated to the sector. Railways, Roads and Highways, Ports and Airports are expected to receive a huge chunk of this allocation.    

Furthermore, the government has announced to invest Rs 10,000,000 crore in infrastructure over the next five years. To upgrade 1,25,000 kms of road length over the next five years, the estimated cost of Rs 80,250 crore is envisaged under Pradhan Mantri Gram Sadak Yojana-III (PMGSY).             

The National Highways Authority of India (NHAI) has created a pipeline of projects worth Rs 8 lakh crore which will be awarded over the next three years, as the government begins the exercise of creating a national infrastructure pipeline.               

All these developments point towards the continued thrust by the policymakers for the Infrastructure industry leading to a buoyant demand for the CE Industry for the next three to five years.    

What are your expectations from Excon this year?

Excon provides a good opportunity for CE manufacturers like Hyundai to interact with our customers on one platform. Over the years, Excon has grown considerably in size as well as stature. It provides a good platform for the industry to showcase the best technology in the CE space. Excon acts not only as an ideal launchpad for newer products but also as a breeding ground for newer concepts and ideas. We expect that this edition of Excon will continue this contribution to the industry with more ideas being generated and more visitor footfall.

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