Category: Equipment

Demand for new construction equipment, already in free-fall mode over the past few weeks, may crash up to 75 per cent by end-May 2021, if the surge in COVID-19 infections continues unabated.

Eicher Trucks & Buses, part of VE Commercial Vehicles Limited, has recently completed the 200th vehicle delivery to APCO Infratech Private Limited.

The domestic mining and construction equipment (MCE) industry is expected to post a volume growth of more than 20 per cent in the calendar year 2021, according to the ratings agency ICRA.

Sales of construction equipment have witnessed a hike in the second quarter of FY2020-21, after more than halving in the preceding three months, on the back of increased government spending on infrastructure projects, especially road construction.

MoRTH has issued a notification GSR 673  (E) dated October 27, 2020, in respect of construction equipment vehicles (CEVs) to holistically address the issue of safety requirements, safety of the operator and to ensure safety while such machines are running on public roads along with other vehicles, in a phased manner( Phase-I: April 2021, Phase-II: April 2024) as provided in the notification.

MoRTH) has notified amendment to CMVR 1989, deferring the applicability date for implementing the next stage of emission norms for tractors (TREM Stage-IV) from October 2020 to Oct 1, 2021. For the construction equipment vehicles (CEVs), the applicability of next phase of emission norms has been proposed to be applicable with effect from April 1, 2021.

Srei Equipment Finance Limited (SEFL), a wholly owned subsidiary of Srei Infrastructure Finance, has received a funding of EUR 10 million from Germany-based KfW IPEX-Bank GmbH, a wholly owned subsidiary of KfW.

MoRTH issues draft notification dated August 13, 2020 to address the issue of safety requirements, safety of the operator and to ensure safety while the construction equipment vehicles (CEVs) are running on public roads along with other vehicles, in a phased manner ( Phase I : April 2021; Phase II : April 2024).

MoRTH plans to make India manufacturing hub of construction equipment

Srei Equipment Finance Limited, a wholly owned subsidiary of Srei Infrastructure Finance Limited, and UCO Bank, one of India’s premier public sector banks, have announced a strategic alliance to offer joint loans for the...