Brighter prospects ahead
“We are hoping for better future and this is the biggest EXCON show till date. The concerned minister too assured us to quit worrying about the slowdown and keep the production up. Government’s assurance is heartening. We are seeing a vibrancy with 30% more participants, and 25% more from abroad coupled with newer and advanced products on display. The sector is reaching out to people more now.”
Unveiling…
“Of the six products that we have on display here, three new equipment being launched are BL30-1 Front End Wheel Loader and two Crawler Bulldozers BD65-1 (PAT) and BD85. All three have alternate power lines to reduce cost and improve efficiency. The other three are improved variants with different power lines – two Motor Graders BG405A and BG605I, and a 21-ton Hydraulic Excavator BE210LC – that are aimed at reducing the operational costs with reduced propensity to breakdowns. Besides, the cost of ownership will be less too. These are equipped with fuel efficient engines too.
“By the beginning of October 2020, the emission norms for the sector will get upgraded to BS4. And three of the products that we are displaying here are BS4 compliant. We are geared up for the competition that is bound to increase manifold. The industry is ready to adopt Internet of Things, artificial intelligence-enabled equipment, big data collection and automatic diagnostics. Our machines will be launched with new features in the next few months. Some will be with smart features such as fatigue monitoring that will detect eye movements to sense signs of stress and sleepiness in the drivers. At BEML, these are all work-in-progress and we are on track to comply with it all in the next few years.”
Market share
“BEML has a stronghold in the mining sector where we are the market leaders in dozers with 60-65% market share and in dumpers, we command 52% of the market.
CE sector – Outlook
“As promised by the concerned minister regarding sorting out of financial constraints, we believe that the funds will get ploughed back into the market because the contractors will buy more machines once the funds are released.