Construction Equipment

Without specifying a timeline, the Road Transport and Highways Minister said the proposal would be submitted to the finance ministry for approval

Wheels India announces Rs 37 crore capex to meet rising exports demand

Wheels India has manufacturing plants in Tamil Nadu, Maharashtra, Uttar Pradesh and Uttarakhand. It has a combined overall annual capacity of 10.3 million wheels.

Construction equipment sales volume decline 70% in April-June: CRISIL

According to the ratings agency, volume would decline on-year this fiscal, especially since public spending will be diverted towards healthcare and public welfare.

Double-digit volume growth can continue if monsoons supportive: Escorts

The Indian tractor industry could clock strong double-digit volume growth this year provided monsoons pan out as well as expected, said Bharat Madan, CFO of Escorts in an interview to CNBC-TV18.

Volvo eyes long haul transportation segment in India

The company, which makes premium trucks for specialised sectors like mining, buses and construction equipment, also aims to cut logistics cost by achieving greater efficiency and minimising wastage.

Asset quality of CV loans improves, but worsens for tractors

Delinquencies from the commercial vehicle (CV) space have fallen even as stress in the construction equipment industry and tractor loans remained elevated, India Ratings has said.

Gross NPAs may decline further to 1.2% going ahead: SREI Infra

SREI Infrastructure witnessed a rise in net profit in the second quarter of current fiscal to Rs 61.9 crore from Rs 51.6 crore in the first quarter. This was on the back of a rise in construction equipment finance in the quarter.

JCB India eyes 20% growth in sales revenue in 2016

Earthmoving and construction equipment (ECE) maker JCB India is eyeing at a sales revenue growth of 20 percent during the current calendar year, a top company official said on June 29

To do around 11,000 tractor units in FY16: Escorts

Engineering and farm equipment major Escorts on Tuesday reported a 42.57 percent dip in its standalone net profit at Rs 20.49 crore for the third quarter ended December 31, 2015.

Credit growth of retail NBFCs to halve in 2013-14: ICRA

Gold loan demand has been constrained due to regulatory policies of having lower loan to value ratios for a better part of the fiscal, which has now been raised.

NBFCs to see slow growth in retail credit: Icra

Non-banking finance companies (NBFCs) are likely to witness a slow growth at 17 per cent in retail credit in the ongoing financial year due to a significant slowdown in the key segments they operate in, says a report by credit ratings agency Icra.

BEML produced DME without valid orders: CAG

Defence PSU Bharat Earth Movers Limited (BEML) was producing small end construction equipment or Dealer Model Equipment (DME) without valid orders and without considering market realities, a CAG report said today.