A well-developed infrastructure is a foundation for growth in any country, paving the way for a better quality of life and a rapid rise in gross domestic product (GDP), especially for developing countries such as India.
Construction sector in India is considered to be the second largest employer and contributor to economic activity, after agriculture sector. Construction sector also accounts for most inflow of Foreign Direct Investment (FDI) after the services sector and employs more than 35 million people in the country. 50% of the demand for construction activities in India comes from the infrastructure sector, while the rest comes from Industrial activities, residential and commercial development etc. Indian Construction Industry value is estimated to be more than $126 billion.
Investments in infrastructure are the main growth drivers of the construction equipment industry. The Planning Commission estimates total infrastructure spending to be about 10% of gross domestic product (GDP) during the 12th Five-Year Plan (2012–17), up from 7.6% during the previous plan (2007–12).
The Indian construction equipment sector is made up of five main segments: earthmoving equipment, road construction equipment, concrete equipment, material handling equipment, and material processing equipment. Earthmoving equipment and road construction equipment account for close to 70% of India's construction equipment market. Backhoe loaders account for 65% of the earthmoving equipment and road construction segment.
At Mahindra Powerol we build engines to withstand long working hours, in the most demanding conditions-from deserts and high altitude locations to sub-zero temperature zones. This makes them ideal for the construction and mining industry. Mahindra Powerol engines are used to run construction applications like excavators, forklift trucks, concrete pumps, transit mixers, mobile PNC cranes, compressors, pavers, compactors, and earthmoving and road construction equipment. Mahindra Powerol supplies engines to leading OEMs like KION, CNH, Schwing Stetter, Voltas, Atlas Copco, Crompton Greaves, Universal Ltd etc.