1. Case has introduced a range of construction equipment in India. Can you elaborate on your recent product launches and business expansions?
We recently introduced a number of construction equipment products with new and improved features including soil compactors, backhoe loaders, crawler excavators and motor graders along with variants
770 NXe Loader Backhoe is a highly versatile machine that features a cutting-edge Electro-Hydraulics variable displacement pump, coupled with the proven FPT S8000 engine. The engine, designed and developed to offer higher productivity, is known for its class leading torque delivery, which provides incomparable performance in tough loader applications with faster response time and high fuel efficiency. 770 Nxe gives up to 24% fuel efficiency with 26% less maintenance cost and over 10% increase in productivity.
CASE CX220C LC Crawler Excavatoris designed to handle tough applications and is powered by a proven FPT engine to ensure high productivity with low fuel consumption. The CX220C LC gives 8% fuel efficiency and is highly suitable for stone quarries, road works, general construction, and earthwork.
As a market leader in vibratory compactors, CASE has always offered best-in-class compactors. The new 1107EX PD Soil Compactor features a standard drive and smooth drum for multi-purpose activities and standard compaction jobs. The 1107EX PD with pad foot drum and double drive is designed for compressing more cohesive materials. It also offers a 25 mm drum and turbocharger with pre-cleaner as a part of its clean and quality design.
CASE also launched the new C-series Motor Graders that are powerful machines with the FPT 6.7L turbocharged BS (CEV) IV diesel engine, which is electronically controlled. CASE 845C Motor Grader generates variable Horsepower at 220 rpm - 193HP /205 HP / 220 HP which make it ideal for varied operating conditions. The cutting edge moldboard with 22mm thickness is ideal to operate on any suitable terrain.
2. What are the company’s future expansions plans for Backhoe Loaders segments?
CASE provides best-in-class Loader Backhoes with more than 50,000 units sold in India. Within the next three years, we want to double our market share in the loader backhoe segment to 12–15% in order to solidify our position as the second-largest player in the nation.
770EX Plus Loader Backhoeis powered by a native H4C4 engine known for its excellent reliability and durability. The high torque electronic engine is acknowledged for its proved transmission and low downtime; and is backed by a modern hydraulics system that provides more output per litre. The machine is operated in two auto selection modes: ECO mode and One Touch Idle mode, which improves fuel efficiency up to 6%. Moreover, the machine stands out for its low maintenance cost due to its class leading engine technology.
3. How is Case preparing for the future infra development and market opportunities?
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8. What is your outlook on the Indian Construction Equipment industry?
We are excited about the potential in the construction and infrastructure industry for the upcoming fiscal year. The Construction Equipment market in India is benefitting from the rapid development of infrastructure and construction sector in the country. Based on recent reports about the market, we believe that the Indian construction equipment will witness continuing growth for the next few years. The sales of construction equipment in the second quarter of the current fiscal (Q2,FY23) grew 8% YoY and 12% over Q1, FY21. It is projected to grow at CAGR of 23.3% during 2021-27. With an estimated GDP growth of 7%, a sales growth of 15% YOY is anticipated in the construction equipment industry in 2023. It is important to note that Construction Equipment accounts for nearly 14% of the total project cost of approximately USD 1.4 trillion planned under the National Infrastructure Pipeline.
Growing investment in public and private infrastructure, construction of roads and highways in combination with the growing economy has led to the overall growth in the market for construction equipment. Given that it will be an election year in 2024, the government will put a greater emphasis on civic development both in rural and urban India. For the next two years, the government will concentrate on constructing 100 kilometers of new roads every day. The government has also allotted more than INR 1.80 crores for this construction. Major construction projects are in progress, particularly those connected with the National Infrastructure Pipeline, the Bharatmala project, the Sagarmala project, and the PM Gati Shakti Framework. As excavators, loader-backhoes, and compactors are utilized at most sites for a variety of purposes, we believe that as a result, there will be rising demand for mining, construction, and earthmoving equipment. We, at CASE, are excited for the opportunities in the industry and look forward to contributing to this growth by providing our complete line of intelligent and efficient construction equipment.
5. What are the trends and challenges in the Indian Compactor Market?
According to the recent studies, the global soil compaction market is expected to grow at over 4% and hit USD 4 billion by 2028. Driven by the renewed focus on infrastructural development in the Indian market, there is a positive outlook of the construction industry towards compaction equipment. Additionally, the demand has been influenced by the adoption of modern soil compaction equipment including rollers with an integrated intelligent compaction measurement system by construction companies.
In India, the Construction Equipment industry has recently upgraded the machines above 75HP by accepting newer emission norms. Moreover, while adopting the BS(CEV IV), Diesel Oxidation Catalyst (DOC), Exhaust Gas Recirculation (EGR) or Selective Catalytic Reduction (SCR) Systems were introduced to bring down the harmful emissions in the exhaust. By April 2024, the next stage of emission norms are scheduled for implementation, referred to as Stage-V and the OEMs are working towards it The BSV emission norms mandates the operator safety structures like Roll-Over Protective Structure (ROPS) and Falling-Object Protective Structure (FOPS). Additionally, in last couple of years, customers have preferred the vibratory compactors with telematics for the ease of operations. Intelligent compaction meter is another optional fitment, which is expected to gather customer base in the near future. CASE being a market leader in vibratory soil compactors, this is an important segment for us and we are focused on providing equipment with advanced and intelligent features, especially focusing on efficiency, operator safety and comfort.
6. What are the market expectations and growth trends highlighted until 2030 for Crawler Excavators?
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7. What are the latest trends in Excavators and what are the challenges faced by the industry?
According to reports from this year, the Indian Excavator market is growing quite rapidly. By 2027, the crawler excavator market in India is anticipated to develop at a CAGR of 5.79% to 6,598 units. However, there are some key challenges that customers face such as time bound project delivery and machine uptime. We at CASE, are committed towards addressing these challenges by focusing on four basic elements in our products, that is, productivity, fuel efficiency, reliability and service support.
9. Tell us about your commitment towards the construction equipment industry in India & your strengths to achieve your targets.
As a responsible brand of the Indian CE industry, CASE Construction Equipment is committed towards the advancement of the industry by investing in the skill development of workers. We have recently inaugurated a Skill Development Center – Hunar, to provide a good understanding and training on the operation of Loader Backhoes. The initiative contributes to the Central Government’s Skill India Mission by training 240 professionals each year. Located in Sonvai, Rau near Pithampur, the 1200 sq. ft. facility comprises two classrooms dedicated to theory classes and counselling. Furthermore, we have a training centre at our state-of-the-art Pithampur plant where along with regular operator training, we are also planning tie-ups with large training organizations to educate operators as well as create new entrepreneurs in the field.
CASE Construction Equipment has a global legacy of 180 years with a presence in India for over 30 years where we have been producing cutting-edge products for the Indian market. The Pithampur plant also caters to the International market by manufacturing 75% indigenized equipment for 75 nations in Asia, Africa and the Middle East. We are also looking at the possibilities of increasing the volume of exports from India as a part of our vision of India a global manufacturing hub for construction equipment for CASE CE.
11. What are Case's highlights in 2021 & 2022? What are the company’s hopes in 2023?
Considering that 2021 and 2022 has been focused on recovering from the aftereffects of the pandemic, it has been quite productive for us at CASE India. We have achieved various milestones this year, including the roll-out of the 50,000th Loader Backhoe from our state-of-the-art manufacturing facility in Pithampur. We have achieved the highest ever production of Loader Backhoe with over 5600 units produced. Exports from our Pithampur plant has now reached over 75 countries, this year. Moreover, CNH Industrial, our parent company, has also been named a Great Place To Work® for the fourth year in a row.
We are looking forward to more growth in the upcoming months of 2023. Construction and infrastructure sectors are anticipating major investments in the next few years, including expansion of highway networks, road construction, ports and waterways, among others, especially with multiple projects aligned with the National Infrastructure Pipeline, the Bharatmala project, the Sagarmala project and the PM Gati Shakti Framework. Real Estate & Urban Infrastructure, for instance, has INR 27 lakh crore worth projected investment by FY2024 under the National Infrastructure Pipeline. The Roads & Highways sector have INR 7 lakh crore worth of projects in the next 2-3 years, Railways and airports will be seeing INR 13.6 lakh crore and INR 90 thousand crore of investments by FY2025, respectively. We believe, investments in related sectors will also give a boost to the construction equipment sector.
