We are committed to reducing emissions and enhancing sustainability.
V G Sakthikumar,
How do you view the growth scenario of Indian construction equipment industry?
The Indian construction equipment industry is experiencing a dynamic and resilient phase. Post-COVID-19 recovery has brought a surge in demand across sectors such as infrastructure, mining, and shipping, driven by significant investments from both government and private entities. The industry's commitment to innovation, sustainability, and customer satisfaction has led to the launch of new products tailored to evolving market needs. With continued government support through policy reforms and infrastructure spending, the sector is poised for robust growth, leveraging advancements in digital technologies like AI, IoT, and big data analytics to enhance operational efficiency and customer experience.
As India is set to become the third-largest construction market globally, what opportunities do you visualize for construction equipment industry?
As India ascends to become the third-largest construction market globally, we foresee immense opportunities for the construction equipment industry. Key growth areas include infrastructure development, urbanization projects, and smart city initiatives. Increased coal production, port development, and extensive road and highway projects are set to drive significant demand for construction equipment. Additionally, the adoption of advanced technologies and sustainable practices will position companies to meet global standards and cater to the evolving needs of the market.
How are you prepared to introduce more efficient and productive equipment to meet the growing customer demand in future?
To meet the growing customer demand, we are continuously enhancing our product portfolio with innovative and efficient solutions. Our commitment to R&D has resulted in the launch of over 25 new products in 2023, designed to improve productivity and efficiency. By integrating digital technologies such as AI, IoT, and telematics, our equipment offers advanced features that optimize operations and reduce downtime. Our focus on sustainability ensures that our products are not only high-performing but also environmentally friendly, aligning with global standards and regulations.
As India is fast becoming a global manufacturing hub, how are you raising the benchmark of quality to cater to the global market?
As India emerges as a global manufacturing hub, we are raising the benchmark of quality through stringent quality control processes and continuous innovation. Our state-of-the-art production facilities use the highest quality materials and components, ensuring durability and reliability. We employ advanced manufacturing technologies and conduct rigorous inspections at every stage of production. By aligning our products with global standards and incorporating customer feedback into our development processes, we ensure that our equipment meets the highest international quality standards.
How is emission playing a major role in the current market scenario? What are the steps taken by you to bring in sustainability in your product range?
Emissions play a critical role in the current market scenario, with increasing emphasis on environmental sustainability. At SCHWING Stetter India, we are committed to reducing emissions and enhancing sustainability across our product range. Our initiatives include developing electric and hybrid models, such as the TSR EV shotcrete machine, which eliminate the need for diesel engines and significantly reduce emissions. We are also exploring the use of recycled materials and designing our equipment for energy efficiency. These efforts not only comply with environmental regulations but also contribute to a sustainable future for the industry.
What will be trending in future in the construction equipment market? What is your vision to be a preferred solution provider to the construction and infrastructure sector?
The future of the construction equipment market will be shaped by trends such as digitalization, automation, and sustainability. Technologies like AI, IoT, and VR will revolutionize how equipment is operated, maintained, and managed, enhancing productivity and safety. Our vision is to be the preferred solution provider by continuously innovating and offering state-of-the-art products that meet the highest standards of efficiency, safety, and environmental responsibility. By staying connected with our customers and understanding their evolving needs, we aim to provide customized solutions that drive success in the construction and infrastructure sector.
