We are going to launch apollo’s transformational Series of HDD rigs (Gen-2) which is designed on the basis of soil & rock conditions found in India
India Construction Equipment market is capitalizing on rapid development of infrastructure and construction sector in the country. Growing private & public infrastructure, FDI reforms for construction sector, highway projects and growing economy has led to the overall surge in demand for construction equipment in India. In addition, ambitious government projects such as City gas distribution, Golden Corridor, smart city development, OFC network even in the villages to support rural access to e-services, communication facilities, and digital resources.
– SAFAR MOHAMMAD KHAN
General Manager – Sales And Marketing (HDD), Apollo Techno Industries
What is your future-outlook for the Indian construction equipment manufacturers?
According to the recent reports, India Construction Equipment Market size is projected to grow at CAGR of 22.3% in the next 5 years plan.
India Construction Equipment market is capitalizing on rapid development of infrastructure and construction sector in the country. Growing private & public infrastructure, FDI reforms for construction sector, highway projects and growing economy has led to the overall surge in demand for construction equipment in India. In addition, ambitious government projects such as City gas distribution, Golden Corridor, smart city development, OFC network even in the villages to support rural access to e-services, communication facilities, and digital resources.
According to the recent research reports, India Construction Equipment including the horizontal direction drilling rigs Market size is projected to grow at CAGR of 22.3% during 2023-28. The growth can be attributed to rising investment in the growing public & private infrastructure, FDI reforms for construction sector, highway projects and growing economy has led to the overall surge of construction equipment market in India. In addition, government ambitious projects such as Smart city, CGD, Power cable distribution, Golden Corridor, Housing for all, restructuring and expansion of railways, etc. would bolster the growth of the construction equipment during the forecast period.
As the year has ended, how do you look at the performance for your range of HDD products in terms of sales?
In the 3rd Quarter sales of the HDD rigs have been high specialy in small rigs from 12 ton to 35 ton rigs but in maxi rigs it is slight low just bacause of developments and upgradations. We have upgraded all the maxi rigs with CAT engine (replaced with Ashok Leyland) and Mud pumps too. Autoreloading systems, vice frame, control panel with torque limiter ,hydraulic tank capacity, oil cooler, aux-hydralic pump 3700 psi, engine canopy have been upgraded in all our hdd machines in above 50 ton rigs. We are expecting good boost in sales in our maxi segments also alike small rigs. Our projection of sale is to increase 8% higher than current in small segments and around 10% in maxi rigs.
Give us an understanding of your company’s performance in the last 3 years?
Our performance in business has been always higher. We have achieved 14% annual growth in 21-22 FY and now in the current FY our overall growth would be around 21 % as compared to the last financial year. We are getting good business growth as we are adding some more equipment in New Year 2023 like rotary piling rigs with various models followed by world-class specifications based on the Indian market for the bridge construction projects.
What is your future strategies at a time when technological disruptions are rapidly defining businesses in the sector?
We are in position to control the machine with the iOT and Artificial Intelligence especially for the machine services and smart drilling. Our future strategies it to upgrade the auto thrust, auto rotation, auto drilling function and many other safety features that will be available in all HDD machines controlled by various disruptive technologies.
What are the potential new areas for expansion and proposed new launches for the year 2023?
We are going to launch apollo’s transformational Series of HDD rigs (Gen-2) which is designed on the basis of soil and rock conditions found in India. Best part of the Gen 2 series is the pricing. Pricing will be unbeatable and off course that will attract Indian Market too. Generation 2 Series will be launched in the New Year probably by the mid of January 23. New Generation models will be the key decisions from our end and same will be driven innovatively. We have launched PR 235 in the month of Dec 22 and are well prepared for launching some more models in the New Year 2023. Some more rod carriers and drill rod racks with cranes, mud pumps will be launched in the New Year 2023.
What are the challenges that you face and what are your suggestions to further ease a business-friendly climate?
Nowadays, Hydraulic imports are very tough for us as the supply chain systems is disturbing now after covid 19 even after making the 100 % payment to international manufacturers. Transportation cost is high. CAN wiring expects are less numbers in India that leads some improper wiring tests through programmes equipped with controller in our machines.
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