JCB INDIA
Drill, baby, drill: China turns the screws, India looks for own tools
China’s new export controls on tunnel boring machines (TBMs) have highlighted India’s reliance on overseas suppliers for specialised infrastructure equipment even as the government moves towards a $1.2 billion incentive scheme to expand domestic manufacturing. The proposed package aims to attract $1.8 billion in investment over seven years, but the bigger challenge will be building local capabilities in high-value components and machinery rather than simply replacing Chinese imports.
Veeramani wanted Diwali sweets but got expensive COD orders from military tanks to TVs, then an online delivery app stepped in
Veeramani, a Madurai-based content creator, has finally received the Diwali sweets he originally hoped for after pranksters flooded his publicly shared address with unwanted cash-on-delivery orders for expensive products, including a reported Rs 70 crore tanker. The viral stunt took a happy turn when a quick-commerce platform stepped in with sweets and several gifts, turning the online prank into a festive surprise without any payment obligation.
India-New Zealand FTA kicks in October 20, gives all Indian goods zero-duty access
India's free trade agreement with New Zealand will begin on October 20 and provide duty-free access for Indian goods. This agreement aims to boost bilateral trade significantly by 2030, increasing it from $2.4 billion to nearly ₹35,000 crore. New Zealand will grant 100% market access, while India will provide tariff concessions on 70% of its tariff lines. Customs clearance timelines will be expedited, enhancing trade efficiency and reducing costs.
India's construction equipment exports to surpass 20,000 units in FY27, driven by global demand
Indian construction equipment exports are set to surpass twenty thousand units this fiscal year. This growth represents a nineteen percent increase from fiscal year twenty twenty-six projections. Demand is strong from Europe, the United States, and Australia. New emission norms and trade agreements are boosting these international sales. This trend highlights India's growing manufacturing competitiveness on the global stage.
ET Prime Special Series: Multibagger or IBC - Part 76: Exports are 30%, one customer is 28%, and EV story is still at the starting line
Seventy-six weeks,76 auto ancillary companies. This week, we turn to another legacy supplier that has spent decades building precision-manufacturing capability, a wide customer base, and a presence across tractors, commercial vehicles, construction equipment, and industrial applications. The business has three manufacturing plants and exports to multiple countries. Part 76 looks at how this old supplier has evolved, where its revenue concentration lies, how its financial profile has changed, and what investors should watch beyond the headline numbers.
Satya Niketan building collapse: Verbal spat between NSUI-ABVP workers at rescue site as Vinod Jakhar alleges BJP MLA links
Three people died and nine were rescued after a building collapse in Delhi. Rescue operations are ongoing with NDRF and fire department teams present. NSUI alleged a BJP MLA operated the collapsed hostel building. ABVP leaders are coordinating rescue efforts and communicating with officials. Authorities are investigating the cause and will take action against those responsible.
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Manappuram Finance enters into a MoU with JCB India
The agreement was signed by Kamal Parmar, Head, of Vehicle and Equipment Finance, Manappuram Finance, and JCB India representative the other day. As per the agreement, the finance options will be available across the country. The pact will go a long way in helping both sides increase their business volumes.
JCB plans to increase exports of India-made construction gear
JC Bamford (JCB) Excavators plans to increase exports from its India unit to 45% of its output, up from 10% five years ago, according to the company's chairman. JCB, one of the world's largest construction equipment manufacturers, sees India as its largest market outside of Europe.
Federal Bank ties up with JCB India to finance heavy equipment buyers
With the government's focus on infrastructure development continuing to remain strong, there will be various opportunities to create synergies between the teams from JCB India and Federal Bank, Deepak Shetty, CEO and Managing Director of JCB India, said. "Importantly, it will give greater financing options to our customers while purchasing JCB machines both in urban and rural India," he added.
Construction equipment industry could grow 25% in 2021, regain pre-Covid peak in 2022: JCB India
The industry registered a growth of 65% during January-June of 2021 compared to the previous year despite the second wave of Covid-19 impacting sales for a couple of months, said Deepak Shetty, managing director, JCB India.
JCB India rolls out Covid-19 relief package; holds vaccination drives for employees and dependents
In addition, it is also conducting vaccination drives, and since April, over 2,000 JCB India employees and their families have been vaccinated at camps held across its Ballabgarh, Pune and Jaipur facilities. It is now ensuring that all its employees in India are vaccinated over the next few weeks.
JCB India temporarily suspends operations for 10 days due to rise in COVID-19 cases
“Due to an increase in the infection rate around us, the health and safety of our colleagues and their families has become even more important. We have decided to pause manufacturing operations for 10 days, starting 1st of May 2021. This is a precautionary measure and applies to all our manufacturing locations at Ballabgarh, Pune and Jaipur.”
JCB India bites the retrenchment bullet, sacks 400 permanent employees
The retrenchment includes 80 to 90 persons ranging from a DGM till Vice President level over the last fortnight. JCB India has a total workforce strength of 8000 people, which includes 4000 permanent employees...The employment of a sizable number of contractual and temporary workers has also been discontinued.
Arvind, JCB India join hands for industrial uniforms
"The partnership will leverage JCB India's market presence with Arvind's textile manufacturing capabilities to provide industrial wear that will meet the highest standards of safety and protection."
JCB India eyes 20% growth in sales revenue in 2016
The ECE industry's growth has been by roads and highways, adding in some states digging of village ponds and canals had also contributed to some extent.
Make in India: JCB India head says construction picking up in India led by roads but recovery will take time
The construction equipment industry was among the worst hit in India as infrastructure projects were stalled and the real estate industry has been reeling under the pressure of a slowdown.
JCB India expects machinery demand to pick up from October
He said the infrastructure sector is expected to witness a lot of activities after the government's announcement of an investment of Rs 70,000 crore in the Budget.
JCB inaugurates two new factories in India
JCB's fourth and the fifth plants in India were inaugurated by Rajasthan Chief Minister, Vasundhara Raje, and JCB Group Chairman Lord Bamford
CCI raids JCB offices for unfair trade practice
Under the current Act, the Director General (DG) can conduct such raids after obtaining a warrant from the chief metropolitan magistrate.
Competition Commission of India raids JCB offices for unfair trade practice
Under the current Act, the Director General (DG) can conduct such raids after obtaining a warrant from the chief metropolitan magistrate.
JCB opens integrated dealer facilities in Bhopal & Varanasi
JCB announced the opening of integrated dealer facilities at Bhopal in Madhya Pradesh and at Varanasi, Uttar Pradesh.
JCB to unveil 19 new machines at Excon 2013
JCB India Limited, leading manufacturer of construction equipment, will unveil 19 innovative made-in-India, made-for-India machines at the Excon, South Asia's largest exhibition on construction equipment and construction technology, to be held here.
JCB to unveil 19 new machines at Excon
JCB India Limited, leading manufacturer of construction equipment, will unveil 19 innovative made-in-India, made-for-India machines at the Excon.
JCB India enters hand and power tools segment
Leading construction equipment manufacturer, JCB India Ltd today said it has now forayed into hand and power tools segment.
JCB to invest Rs 500 crore on new manufacturing plant in India
JC Bamford Excavators today said it will invest Rs 500 crore in India over the next five years to set up its fourth manufacturing facility
JCB India to set up Rs 500 crore facility at Mahindra World City
JCB India today said it will set up a Rs 500-crore manufacturing unit at Mahindra Lifespace Developers' Mahindra World City (MWC) in Jaipur.
JCB India to focus on getting into new markets in India
JCB India will focus on expanding presence in new mkts in the country this yr as it sees sales to remain flat in a tough environment.
JCB to transform India ops into global hub
JCB plans to transform its Indian operation into a global manufacturing hub for South Asia and Middle East markets.
JCB India expects 20 per cent industry growth
Earthmoving equipment manufacturer JCB India Limited is expecting that the industry would grow by 20 per cent during 2010.
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