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Since, then due to modifications
in the infrastructure, construction and mining sector in India, construction
equipment segment has become one of the fastest growing segments of automobile
industry in India. In terms of the number of units sold, the market is
dominated by six machine types.
Of these, backhoe loaders, crawler excavators, mobile cranes and wheeled loaders recieves more demand.
Of these, backhoe loaders, crawler excavators, mobile cranes and wheeled loaders recieves more demand.
The demand of this segment has
gained a robust increase in past 5 years as according to government 10% of Gross
Domestic Product (GDP), in five year slab of 2012-2017 was supposed to be for
infrastructure development.
Even now with the new budget
coming in, we can see construction equipment growing with a remarkable speed as on total outlay of Rs. 3,96,135 crs on
infrastructure is up by 10% over FY17 revised estimate. With increase in demand
of construction apparatus and with more players entering the aggregate
industry we can see the appraisal of construction equipments segment even
further.
Government according to the recent budget i.e. of FY2017-18
is also focused to fund Delhi Metro phase IV for which allocation is already
higher than Rs. 1,156 crs, as deadline for this phase is 2021. Construction of
Delhi Metro phase IV, will also impact the sales of construction equipment in
market positively, thereby resulting in its long term growth.
Increase demand of this segment has also resulted in demand
of Shriram Automall India Limited (SAMIL), as it has now become the no.1
solution provider for both public and private enterprises as demand of
construction equipments is highly lead by the enterprises investing in areas
like road construction, and maintenance, ports, power plants, telecommunication
sector, urban infrastructural development etc.
Every new-equipment sold becomes
the base of this industry, as it effectively provide used efficient
construction equipment of all Make & Model at low price. To match the
growing demand, and be one step ahead to
fulfill all type of used vehicle and equipment demand in the country, company
has unfurled 67 Automalls spanning in every corner of India, making it easy for
customers to reach out for their innovatively convenient services.
Sameer Malhotra (CEO, Shriram Automall) added “SAMIL,
very successfully has become first choice of public, private enterprises, end
users, dealers etc. through the vast line up of used good quality constructionequipment & vehicles for sale at optimal prices. We look forward to keep
doing the good job, by being the resource for our customers, while playing our
part in Indian National Development.”
If you as well need to buy
a used car/bike/commercial vehicle, equipments etc. of your choice at the most
optimal price, visit your nearby Automall today or simply click the link below
to go through the inventory full of used vehicles and equipment.
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