EXCON presents a pivotal opportunity for Mtandt Group to accelerate business growth through strategic engagement.

Rakesh Modi, Chairman, Mtandt Group

What specific goals and priorities are you aiming to achieve during Excon 2023?

During EXCON 2023, our primary goal is to capitalize on the flourishing Indian economy and the abundance of construction projects. We aim strategically for a substantial order booking target of Rs. 1 billion at our booth. This ambitious goal reflects our confidence in the quality and relevance of our construction equipment within the current market dynamics.

Our priorities include showcasing technological innovations, promoting sustainable practices, and establishing meaningful collaborations within the thriving Indian construction market. We are enthusiastic about this event’s opportunities and are committed to making a significant impact.

Can you provide insights into the range of products you intend to showcase at Excon 2023?

We are excited to share insights into the diverse range of products we plan to showcase at Excon 2023. Our highlight will be a range of construction equipment designed with a strong emphasis on ‘Make in India’. We will showcase 24m Truck Mounted Platforms and 22m and 58m Self-Propelled Articulated Boom Lifts integrated with cutting-edge technologies to enhance efficiency, safety, and overall performance.

As part of our commitment to providing comprehensive solutions, we will present an innovative range of under-deck platforms for Bridge and Conveyor maintenance. Additionally, we will showcase the integration of cutting-edge technologies into our equipment, such as EquipTrac and EquipServe – Telematics and Maintenance Software.

How is the company looking at leveraging this opportunity at Excon for business growth?

EXCON presents a pivotal opportunity for Mtandt Group to accelerate business growth through strategic engagement. We plan to showcase our latest equipment advancements and demonstrate how these innovations elevate the project’s efficiency, sustainability, and performance.

The event serves as a networking hub, enabling us to forge strategic partnerships, engage with customers for valuable feedback, and position ourselves as industry thought leaders through insightful discussions and presentations. Our focus is on leveraging EXCON for brand visibility and as a catalyst for introducing new products, shaping industry discourse, and contributing to the forefront of innovation in the construction equipment sector.

How do you look at your company’s involvement in smart manufacturing of machines or your vision for the future in terms of AI, Automation, IoT, Robotics etc?

Mtandt Group is deeply committed to embracing the forefront of technological advancements in smart manufacturing. Our vision revolves around seamlessly integrating AI, Automation, and IoT into our equipment capabilities.

We have partnered with Equipr – a third-party service facility equipped with EquipTrac and EquipServe (Telematics and Maintenance Software), allowing real-time equipment monitoring, and predictive maintenance, data-driven decision-making and enhanced connectivity.

Our goal is to be at the forefront of providing smart equipment, creating a synergy between human expertise and technological innovation. We recognize these innovations not just as trends but as fundamental pillars that shape the future of the construction equipment industry.

What do you consider the most critical smart manufacturing technologies for the construction equipment industry, and why?

In navigating the technological landscape, we identify several critical smart manufacturing technologies as crucial for the construction equipment industry. Foremost is adopting IoT (Internet of Things) solutions, allowing real-time equipment monitoring, predictive maintenance, and data-driven decision-making.

Furthermore, integrating Artificial Intelligence (AI) and machine learning is pivotal. These technologies enable equipment to learn from patterns and optimize performance over time, improving productivity and reducing energy consumption.

Additionally, advanced sensors and telematics provide valuable data on equipment health and usage patterns. This data-driven approach allows for proactive maintenance, reducing the likelihood of unexpected breakdowns and extending the lifespan of our products.

By embracing innovations, we not only enhance the performance and efficiency of our equipment but also contribute to the broader industry’s evolution towards a more connected and sustainable future.

With the upcoming and ongoing infrastructure and construction opportunities, how do you intend to assess the performance and outcomes of your business for the coming quarters?

Our approach involves a multi-faceted evaluation framework in light of the expanding landscape of infrastructure projects. Firstly, we closely monitor market trends and dynamics to ensure our product offerings align with the evolving needs of the industry. This includes focusing on technological advancements and sustainability practices to maintain a competitive edge.

Additionally, our performance assessment extends beyond financial metrics. We actively engage with our customers, seeking their feedback and understanding their evolving requirements. Customer satisfaction and loyalty are integral to our evaluation process, allowing us to refine and enhance our offerings based on real-world feedback continuously.

In operational efficiency, we employ robust internal systems to gauge the effectiveness of our manufacturing processes and supply chain management. Timely delivery, quality assurance, and cost-effectiveness are vital parameters that guide our assessments. Overall, our commitment to excellence and innovation drives our performance evaluation strategy.

What is your perspective on the anticipated market dynamics in the equipment sector?

In the rapidly evolving landscape of the equipment sector, we foresee several fundamental dynamics poised to shape the industry. Firstly, there is an increasing demand for technologically advanced and sustainable solutions. Secondly, we anticipate a growing emphasis on digitalization and connectivity in construction equipment. Integrating smart technologies is becoming a game-changer, providing enhanced efficiency, real-time monitoring, and predictive maintenance capabilities.

As a forward-thinking company, with our strategic vision and adaptability, we are well-positioned and view the anticipated market dynamics as opportunities for growth and innovation.

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