Please share with us your assessment on the opportunities the year offered for the construction equipment industry in India?
The Indian Construction Equipment market has been on a major upswing since 2015. We peaked in terms of both sales and demand in 2018. This year however, we experienced a slowdown but now we see signs of revival. 2020 certainly looks promising given the Government’s recent policy pronouncements, corporate tax breaks and renewed thrust on massive infrastructure development. We expect the industry to log compounded annual growth of 8-10 per cent over the next 5 years. Volvo CE India is poised to grow, on par with industry, if not better.
What are your expectations from Excon 2019 and the opportunities brought along with it?
Excon 2019 is a great opportunity for us to engage with existing and new customers. We are hopeful that the Excon 2019 will serve as a turning point for Volvo CE as demand for construction equipment picks up, especially with the India government’s plans to invest US$1.4 trillion in infrastructure over the next five years.
Can you throw some light on thestrategy outlined forExcon 2019?
We believe in a sustainable future, so at Excon 2019 we will be showcasing how Volvo CE is using Electromobility and Artificial Intelligence to advance the future of construction equipment. At Volvo CE, we are driven by the idea that through imagination, hard work and technological innovation we will lead the way towards developing a world that is cleaner, smarter and more connected
At our EXCON stall OD24, Volvo CE will be showcasing a range of construction and mining equipment that serves the key industrial segments of road construction, mining and general construction. Machines that will be on display include EC750D, DD100, P5320B and more. Also visit us at the Artificial Intelligence Pavilion in Hall 4, Stall no AI5 in addition to the outdoor pavilion OD24.
@EPC World Media