Forklift is One of The Versatile Materials Handling Machinery

Forklift or Fork Truck is one of the most used and versatile machine in Material Handling Equipment (MHE) segment. The Forklift used to move and lift construction and goods material in short distance at a construction site, industrial units, warehousing and across the sector.

The forklift is one of the major materials handling equipment, at construction sites; it is used for carrying various construction materials across the sites. Usage of Forklift, smoothen the work at the site and help the workers to move the material like bricks, steel and other material easily. At Warehouse and industrial unit, Forklift has proved its worth for several years, it plays a key role in loading, unloading and placing the goods items at the right place and help in avoiding the damage of the goods products.

Along with Crane, it is one of the other major used MHE at Port; it carries the container and help in loading and unloading these containers at the Port across the world. The smooth operation at Port only possible because of Forklift, it is said, this machine plays the intermediary role between huge cranes, trucks and warehouses or Logistics Park.

Many of us just understand Forklift and its general usage, but we are not aware of various types of Forklift, which are designed and made for specific work at the site. One of the most popular or common machine is Counterbalance Forklift Trucks, when we think of Forklift, many of us think of this machine, for example, when people think of Backhoe loader, they think of JCB Backhoe loader, similarly when people think of Forklift, they think of Counterbalance Forklift Trucks. This machine is available in electric, diesel and gas.

The other different forklifts are; 3 Wheel Counterbalance Forklift Trucks, Reach Trucks, Hand Pallet Trucks, Powered Pallet Trucks, Sideloaders, Teletrucks and other.

The major companies which manufacture different types of Forklift are, Godrej, Nilkamal, Escorts, Voltas Material Handling Equipment, Toyota Material Handling India, Caterpillar, Komatsu and others.

People who prefer second-hand Forklifts, should look at various online platform to buy the used Forklifts. An emerging e-commerce portal for second-hand construction equipment and material handling is www.equipmentonestop.com, which has extensive varieties of different types of equipment including forklift.

As Indian economy is growing and industrial and warehousing sector is expanding, it would help the sale of different types of Forklift in near future.

Auction of Coal Blocks to Drive The Sale of Tipper And Dump Trucks

The sale of Tipper trucks and Dump trucks are expected to rise further in the second half of this financial year as Coal India Ltd (CIL) is holding forward e-auction of coal blocks for power producers to meet the rising demand of the electricity in the country. CIL is the major producer of coal in India.

The heavy Tipper trucks and Dump trucks mainly in demand for coal mining and infrastructure projects, therefore all the major players of the country are expecting huge demand of such heavy vehicles mainly from these two sectors. Once the mining of other minerals begins, tipper sales may rise further in the future.

It is reported, Special forward e-auction of coal blocks for 2016-17 for phase III is being held this month. CIL has already prepared a roadmap to achieve the target of producing one billion tonne coal by 2020 and for this financial year, the target is set to produce 598.61 million tonnes of coal, last fiscal (2015-16), it had produced 538.75 million tonnes of coal.

The rising demand of the coal in the country, does not only show the requirement of the electricity, but it also indicates huge requirement of such heavy commercial trucks, which needed for loading and carrying the coal in massive number.

Various trucks manufacturers are coming up with new models and also working-on to expand its existing capacity of production to tap the coal sector. These truck makers are coming up with high-powered Tippers and Dump trucks that can get into deep coal mines to carry the coal.

Under the provisions of the Coal Mines (Special Provisions) Act, 2015, 75 coal mines (31 by way of auction and 44 by way of allotment) have been allocated so far. Mining operations have commenced and mine opening permission granted in 11 auctioned coal mines as on 20.07.2016, the government informed Parliament in recently concluded session.

Due to rising demand of heavy commercial vehicles in various sectors including Mines, Construction and Logistics, the sale of medium and heavy commercial vehicle (M&HCV) has been witnessing positive growth over the period of last one year, last fiscal (FY2015-16) M&HCV segment grew by 30% with sales of 302,373 units as compared to fiscal year (2014-15).

In the first four months (April-July) of current fiscal, 92379 units of M&HCV has been sold, during the same period in last financial year 85135 units were sold in the same segment. Society of Indian Automobile Manufactures (SIAM) said, M&HCVs has registered a growth at 14.49% during April-June period of 2016-17.

The recent sale data of M&HCVs indicate that commercial vehicles market has started reviving and as more coal mines and construction work begin, the heavy-duty Tipper and Dump trucks will get new heights in terms of sale. Manufacturers like Tata, AMW, Volvo, Eicher, Ashok Leyland, Scania, Daimler and other would get huge demand for their various products in commercial vehicle segment from mining and construction companies in coming months.

As CIL sets the target of one billion tonne of coal production over next five years, it shows the positive growth of heavy commercial vehicle, including Tipper and Dump trucks is here to stay for a long period, sell of both new and used Tipper and Dumper will see positive growth during this period.

Source: Information has been obtained from government’s release, SIAM, PTI and other media reports

Escorts Construction Equipment Sales Grew by 45% in Q1

Escorts Construction Equipment Sales Grew by 45% in Q1As investment from government, foreign and domestic players floating into India’s infrastructure sector and economy started improving; the actual work has started taking place on the ground, which leads to demand of various construction, mining and farm equipment in the country. The demand of the equipment started reflecting on growing sales of equipment manufacturers in the country.

Country’s leading engineering conglomerates Escorts Ltd, which is into diversified engineering businesses like Construction Equipment, Agri Machinery, Railway Equipment and Auto Products. In first quarter (Q1) of FY 2016-17, Escorts Construction Equipment has witnessed positive growth in construction equipment division and rising demand of construction equipment in the country led to the sale of its construction equipment. During April-June period of FY2016-17, it has sold 739 units of construction equipment ranging from various CE products against 508 units sold in first quarter ending June 2015, which is showing a 45% corresponding growth.

The sale of CE helped in generating more revenue for the company in quarter ending June 2016, revenue of the Escorts Construction Equipment jumped to 31.7 percent correspondingly to Rs 124.8 crore as against Rs 94.7 crore in corresponding quarter ending June 2015.

Escorts manufacturers and markets a diverse range of construction and material handling equipment like Cranes, Loaders, Vibratory rollers and Forklifts. Its diverse product portfolios are Material Handling Equipment (Pick and Carry cranes, Crawler cranes, Articulated boom cranes, Tower cranes, Forklift trucks and Truck & All Terrain Truck cranes), Earth Moving Equipment (ESCORTS DIGMAX (BackHoe Loader), Road Construction Equipment (Tandem Vibratory Compactors, Vibratory Soil Compactors, Wheel Loader and Motor Grader) and Utility Equipment (Telescopic Handlers and Fork Lift).

Speaking on the results, Mr. Rajan Nanda, Chairman of Escorts Ltd said, “The last quarter has shown a welcome upward trend in market demand. Sustaining it by the government taking advantage of a good monsoon would be important for the revival of the overall farm sector. The government has to provide a big impetus to farm mechanization, crop insurance and agriculture infrastructure. The construction industry too is showing signs of improvement and railways are on a healthy track. I am confident that if the economy continues to strengthen across sectors, our investments in better product mix, increased coverage, enhanced efficiencies and product innovation will deliver even better results.”

The India Meteorological Department (IMD) had projected better rain this monsoon, could be the reason to increase the sale of Agri Machinery during the June quarter.
Escorts Agri Machinery (EAM) witnessed the corresponding growth of 10 percent in quarter ended June 2016 in sale of tractors to 16,363 units against 14,875 units in quarter ended June 2015. The segment revenues increased to Rs 858.3 crore in Q1 FY2016-17 against Rs 793 crore during same quarter last year.

The revenues of Railway equipment division also witnessed an increase of 11.9 percent to Rs 54.5 crore against the corresponding quarter ending June 2015. The company said, Escorts Railway Products has a current order book of Rs 100 crore (approx.) which will stand executed in next 7 to 8 months.

The company was a pioneer in introducing the concept of Pick ‘n’ Carry hydraulic mobile cranes in the 70s in India and continues to be the world’s largest manufacturer of these cranes, company claims on its website.

Escorts was the first to bring the concept of Vibratory Compactors in India in a big way, back in 80’s. Subsequently, more models in Tandem Vibratory Compactors and heavy duty Soil Compactor range were added in technical collaboration with HAMM Germany. Recently, it has further strengthened the range with a 3T Shoulder Compactor.

Today its range of compaction equipments is one of the most preferred in the market, and is being viewed as the most efficient and effective compaction solutions available in the country, claims the company.