“Effective use of latest telematics technology is tremendously helping the end user”
Nischal Mehrotra, Director Sales & Marketing, LiuGong India Pvt. Ltd. highlights the latest trends and opportunities awaiting the wheel loader market. Tell us about the key developments and trends being witnessed in the wheel loader market. The latest trend
Nischal Mehrotra, Director – Sales & Marketing, LiuGong India Pvt. Ltd. highlights the latest trends and opportunities awaiting the wheel loader market.
Tell us about the key developments and trends being witnessed in the wheel loader market.
The latest trend in the construction equipment market, throughout the equipment range, is the use of telematics. Effective use of latest Telematics technology is tremendously helping the end user and manufacturers at all levels of machine operational lifecycle. From being able to monitor the health of the various components of the machine to providing essential usage and maintenance data of various key parameters of day to day operations, telematics technology is now playing a vital role in everyday product management, development, and cost reduction by enabling stakeholders in having real time data on Geo Tagging & Geo Fencing, productivity, maintenance and many additional features. Advantages provided by ‘Fleet management’ feature and live geo-tagging of telematics, are helping customers and manufacturers in getting ready for the next step in evolution in the industry. LiuGong India is actively focusing on incorporating this digital evolution to provide value to all its customers.
What was the volume of wheel loaders sold in 2017-2018, 2018-2019 and 2019-2020?
In an overall industry volume of more than 9000+ loaders sold during this period, LiuGong India has been continuously consolidating its overall position year on year in the segment and aims to grow further by providing the best support and value to its customers.
What were the factors that enabled you to achieve the same?
LiuGong India strongly believes in developing the market through building sustainable robust support mechanisms, reliance on evolving technology-based processes, strong and effective dealer network, and building long term positive relationships with our customers.
What is your growth target for the forthcoming year for 2020-21?
LiuGong India continues to grow our customer base year on year by offering value based, effective solutions to our customers and will continue to work on this during this year also.
Tell us about the future outlook of the wheel loader segment.
The current year has brought about unforeseen opportunities and challenges that should bring about a paradigm shift in the way the businesses are conducted in future in the construction equipment industry. As per the anticipated market trend, the CE industry is expected to grow at a CAGR of 9% during the period 2018 – 2022 & LiuGong India continues to focus on growth of our entire machine range, offering value-based solutions to all our customers.
| LiuGong India strongly believes in developing the market through building sustainable robust support mechanisms, reliance on evolving technology-based processes, strong and effective dealer network, and building long term positive relationships with our customers. |
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