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According to construction equipment manufacturers, backhoe loader sales have averaged around 45,000 units per year pre-covid. During covid, it went down, but it has started picking up again. Manufacturers are optimistic that sales can go back to 40,000 to 45,000 units per year. There is a rise in demand for backhoe loaders due to an increase in small construction projects. Rapid urbanisation and industrialisation have aided the growth of backhoes. The investment in infrastructure that the Indian government agreed to make is expected to push the sales of backhoe loaders further in India. ICEMA also reported that the Indian construction equipment industry clocked strong YoY sales growth of 23% in the third quarter of the current fiscal year (Q3 FY23).
Manish Handa, sr. VP & business head – EED, Action Construction Equipment (ACE), says, “Our core value proposition is to offer “value-for-money products”. Our backhoes offer huge savings to customers in upfront purchase price and operating cost with a savings of up to Rs 10 lakh over a 4-year loan tenure, making them a profitable investment. This is the reason that despite backhoe market de-growing over last year, we expanded our customer base and have grown - both in terms of volume and market share.”
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Esta historia es de la edición May 2023 de Construction Week.
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PROOF IS IN THE ROOF
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SAVE YOURSELF
Green buildings are the way to go if you want to live a healthier life and also save the environment
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THE LONG VIEW
Facades, fenestration and cladding are now more high-end and sophisticated. What has evolved?
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PRUDENT PURSUITS
Ajay Ashar, CMD, Ashar Group, is known for his meticulous approach and commitment towards his projects that help him stand out among peers in the competitive real estate market
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MACE TO TRANSFORM AHMEDABAD RAILWAY STATION
The redevelopment project covers almost 40 hectares
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RITES INKS PACT WITH BANGLADESH RAILWAY
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K RAHEJA CORP HOMES' MAIDEN VENTURE IN SION
Will feature 3, 3.5, and 4-bed homes with decks
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GODREJ JARDINIA HITS RS 2,000 CRORE BOOKING VALUE!
Sector 146 is a prominent upcoming residential corridor in Noida
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TRIFECTA PROJECTS UNVEILS TRIFECTA VANTO
Is located in the prime area of Sarjapur Road
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KANODIA GROUP TARGETS RS 1000 CR REVENUE
The location of the acquired land is considered prime