JCB is the fastest growing company in the Indian earthmoving and construction equipment industry in India. JCB India manufactures 25 different machines in seven product lines such as backhoe loaders, wheeled loading shovels, tracked excavators, vibratory compactors, telehandlers, skid steer loaders and pick and carry cranes.
Amit Gossain, President – ICEMA, Executive Vice President Asia – JCB India Ltd shares his outlook on the present scenario of Indian infrastructure with Jibran Buchh.
- In the first fiscal quarter of this year government disbursed funds and many infra companies’ bagged contracts too. Do you envision this as positive sign for the CE market? What is your overview of construction equipment market as of now?
Given the programs initiated by the Government like – Smart cities, Swachh Bharat, Clean Ganga, & Make in India and with the announcements made in the Union budget – like an investment increase of Rs 70,000 crore, we are certain that the long term prospects are strong for the Construction Equipment industry.
The past couple of years have seen a decline in the infrastructure activity however, the latest investments in roads, power projects, rural and urban infrastructure, if put in place, will create a strong demand for the CE industry.
The Government needs to ensure that all the bottlenecks are removed and the stalled projects are cleared without any further delay. The need of the hour is to identify projects of national importance and ensure they are implemented expeditiously.
We need to have a mechanism in place which will streamline the on ground execution thus, ensuring a long term demand for all Construction Equipment.
- What sectors do you see as major growth drivers?
Road is one of the major growth drivers for the Indian Construction Equipment industry. Projects like 100 smart cities wherein the Government plans to spend Rs 48,000 crore, the demand for the Road Construction Equipment will only increase in the coming years.
Apart from that, Urban Infrastructure, Rural Infrastructure and Solid Waste Management are three main sectors which will drive the growth in the coming months.
- JCB has the largest market share in India for Backhoe holder. What is the other millstone which you would like JCB achieve in near future?
We offer the widest range of construction equipment in the industry with 46 variants in 8 product lines. Our flagship product, the Backhoe Loader has been and still continues to be most popular machine at construction sites. However, as the projects are now getting more complex and time bound, we have seen a sharp rise in the demand for our specialized machinery like Tracked Excavators or Wheel Loaders or Compactors.
Our machines are known for performance, reliability and efficiency and we believe in upgrading our products from time to time to ensure our machines are most innovative and most fuel efficient in the industry.
JCB machines are fitted with JCB “ecoMAX” engine – regarded as the most fuel efficient, High Torque at low rpm engine in the industry which provides lower operating cost to JCB Customers.
For e.g. –
- JCB Backhoe Loader provides saving of Rs 2.6 lakhs per year over its competitors
- JS 205LC has a potential to save Rs 1.3 lakhs/ year on fuel cost
- 430ZX Plus provides saving of INR 2 lakhs over three years
At JCB, we have been committed to providing customers with the latest technology. Recently, we introduced an advanced telematics technology known as “JCB Livelink” – a feature which has the potential to change the way Indian Construction Machinery Customer operates. JCB Livelink is an advanced telematics system which provides information on Service, Operation and Security of machines.
Furthermore, we introduced two new product lines in the material handling segment – The Skid Steer Loader known as Robot and Telehandlers known as The Loadall. Both these products will be manufactured in India.
