Embracing the forefront of technological advancements has been instrumental in propelling our evolution.

V. Senthilkumar, Managing Director, Propel Industries

How do you look at the present state of the concrete equipment manufacturing industry in India?

As India approaches the upcoming General Election in 2024, the concrete equipment manufacturing industry continues to experience robust growth. The demand for advanced and efficient equipment has been steadily increasing, propelled by heightened activity in infrastructure projects and construction initiatives nationwide. The industry’s resilience and positive trajectory remain noteworthy, reflecting the enduring demand for high-quality concrete equipment in the dynamic landscape of India’s growing construction sector.

How do government policies or regulations impact your manufacturing operations in India?

Launched with significant enthusiasm, the “Make in India” initiative set ambitious targets for the government, including increasing manufacturing growth by 12-14% per annum, elevating the share of manufacturing in the GDP to 25% by 2022, and generating 100 million jobs in the manufacturing sector by 2022. These goals have profoundly influenced our manufacturing operations. Government policies and regulations play a pivotal role in shaping our strategies, and we actively align with and adhere to regulatory frameworks. Initiatives like “Make in India” have provided a substantial impetus to local manufacturing, creating a conducive environment that facilitates and enhances our operations. This commitment not only contributes to the realization of national objectives but also reinforces our dedication to fostering indigenous manufacturing capabilities.

How has technology impacted the evolution of concrete equipment manufacturing in your company?

Embracing the forefront of technological advancements has been instrumental in propelling our evolution. The integration of automation, IoT technologies, and sophisticated control systems has ushered in a new era of precision, safety, and overall performance enhancement for our concrete equipment. With a special emphasis on equipment-focused mobile apps, our commitment to leveraging technology ensures that our products not only meet but exceed the expectations of precision and efficiency in the ever-evolving landscape of concrete equipment manufacturing.

What quality control measures or standards does your company adhere to in the manufacturing process?

Our company adheres to stringent quality control measures and international standards throughout the manufacturing process. Rigorous testing protocols ensure that our products meet or exceed industry benchmarks.

What are the initiatives or features in your products aimed at sustainability or reducing environmental impact? 

Highlighting our commitment to sustainability, Propel Industries Pvt Ltd has recently launched the EV Dump Truck, specifically designed for mining applications and available in two variants. This ground breaking initiative is a testament to our focus on reducing environmental impact, enhancing energy efficiency, and championing sustainable practices in the heavy-duty vehicle segment.

What trends do you foresee in the future of concrete equipment manufacturing, and how is your company preparing for them?

The Global Concrete Equipment market is poised to experience substantial growth from 2023 to 2029. With a steady increase in 2023 and the adoption of strategic initiatives by key players, the market is expected to surge over the forecasted horizon. In anticipation of heightened demand, our company is taking proactive measures by investing in R&D, embracing technology, and closely monitoring market dynamics to ensure a competitive edge in this evolving landscape.

What are your company’s future plans or strategies for expansion or innovation in the concrete equipment manufacturing sector in India?

Propel Industries Private Limited is dedicated to expanding its presence in the Indian concrete equipment sector, with strategic plans tailored to align with market demands.

Our vision encompasses sustained growth and ongoing innovation to meet the evolving needs of the industry.

Hits: 7