Skilling is critical for achieving India’s infrastructure goals by 2047
Dimitrov Krishnan
MD, Volvo Construction Equipment India
How do you look at bauma CONEXPO INDIA compared to the earlier editions?
The 2023 bauma CONEXPO INDIA marked a significant milestone with the increased presence of electric machines and advancements in sustainable technologies. This year showcased new CEV Stage V-compliant engines, safety norms, and greater alignment with India’s 2047 infrastructure goals under the ‘Banayenge Viksit Bharat’ theme. The exhibition demonstrated how the industry is evolving to meet these goals with innovative technologies and a strategic focus on infrastructure development.
Looking ahead at 2024, expectations were optimistic despite it being an election year, which historically slows growth. However, the infrastructure story in India has gained momentum, breaking the cyclical trends seen in the past. Projects worth 70 lakh crore are in the pipeline, with annual allocations of 5 lakh crore, ensuring consistent growth throughout the year. The year is anticipated to set a strong foundation for subsequent growth in 2025.
How do you view the movement towards electric machines in the industry?
The transition to electric machines is a natural progression from two-wheelers to larger construction equipment. While battery disposal challenges exist, the industry is evolving rapidly. Circularity in battery use and disposal is improving through regulatory policies and the emergence of recycling companies. The real challenge lies in end-user adaptation, including planning for charging and power availability, but these are expected to resolve as the ecosystem matures.
What role does green energy play in supporting electric machines?
Currently, around 30% of electricity generation in India comes from green energy sources, such as solar, wind, and hydro. With large-scale installations like the world’s largest solar and wind farms coming up, the greening of the grid is already in motion. This progress supports the integration of electricity in mobile equipment, which is becoming a natural development. However, challenges in grid greening and equipment electrification cannot be solved simultaneously but must proceed on parallel tracks. This dual-track approach ensures both energy supply and technological advancements move forward together.
How is the industry addressing the shortage of skilled labour?
Skilling is critical for achieving India’s infrastructure goals by 2047. Initiatives include bridging the gap between academics and industry, focusing on employability, and training operators in safety and advanced technologies like electric and hydrogen systems. The industry seeks government support for mandatory certification of operators to enhance safety and efficiency on construction sites.
What has been Volvo’s focus at this exhibition?
At this exhibition, Volvo is focusing on two key aspects. First, it is emphasizing its EC210E 20-tonne excavator, which is designed to be highly fuel-efficient and cost-effective. This machine, launched in June in Bangalore, has been localised up to 70%, using Indian engines and components. This makes it more affordable in terms of purchase price, fuel consumption, and maintenance, while delivering 2-3 liters per hour in fuel savings. The EC210E is gaining market share and adoption due to its compelling value proposition.
Second, Volvo is highlighting its solutions in aftermarket support and services. This includes several aftermarket schemes under the banner of ‘Asli Ki Tasalli,’ which emphasize the benefits of using genuine parts. Customers can also explore equipment-as-a-service business models, connectivity-based solutions, and financing options through Volvo Financial Services. Although no major product launches are being made at this event, Volvo is reinforcing its current products and solutions to enhance customer confidence and satisfaction.
