We expect our turnover to increase by 53% this year based on the sales projection

V G SAKTHIKUMAR

Managing Director, SCHWING Stetter India

How do you visualize the revival of Indian construction equipment industry in the past two years?

Last year (In 2021) SCHWING Stetter India witnessed its highest turnover since its stint in India, notwithstanding the pandemic and the global slowdown of the economy. But the steep hike in the steel prices and other allied cost increases are a worry which has been to an extend been addressed through lean manufacturing process, JIT practices and digitalization of after-sales support network such as e-commerce platform for customers. We expect our turnover to increase by 53% this year based on the sales projection, and due to increase in the product portfolio to the SCHWING Stetter stable. Close to 28 dealers have been appointed pan India to reach this target and we have crossed this target as of December 2022.

How do you experience the current demand trend of construction equipment?

SCHWING Stetter India is a leading provider of construction equipment in the Indian market, offering a comprehensive range of products including concrete batching, concrete transport, concrete pumping, earth moving, and road construction equipment. The company is known for its world-class product range, customized and complete package offerings for projects, and a wide range of variants to suit the needs of all customers, from small real estate developers to large construction conglomerates. In addition to its state-of-the-art manufacturing facilities, SCHWING Stetter India also provides unbeatable after-sales support with a pan-India presence and a commitment to continuous innovation through in-house R&D. The company's latest offerings feature cutting-edge technology to ensure maximum efficiency and productivity on the job site. These factors that set us apart from our competitors support the demand for our products as well. The multiple infrastructure projects fuelled by the Government through NIP (National Infrastructure Pipeline) and the YoY predictions for the first half of 2023 promise a highly demand driven period for construction equipment.

What is your view and expectations on bauma CONEXPO INDIA 2023?

We have always been a vivid supporter of bC India since its debut in India. We look at it as a platform for us to bond with our customers in the north and eastern region. We are looking forward to this edition as a big event after four years, to connect with our customers and to showcase our latest range of products. SCHWING Stetter India will be launching 14 new products in the bauma CONEXPO INDIA show along with our regular products such as batching plants, concrete pumps, recycling plants, TSRs, self-loading mixers, wheel loaders, excavators, piling rigs, truck cranes, horizontal directional drilling machines, etc.

What is your outlook on the CE market in 2023?

SCHWING Stetter has invested around Rs 350 crores in the Chennai Global Manufacturing Hub and is planning to invest more. The investments made so far are as per the requirements prescribed by Global Investor Meet (GIM) and the Memorandum of Understanding (MoU) signed with Tamil Nadu Government. With this facility addition, SCHWING Stetter has become the biggest subsidiary in the group and its parent company. We have also made significant progress in the field of introducing EV in construction equipment industry which will be more evident in the coming exhibitions and product launches in 2023.

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