JCB India Gears Up For Next Phase Of Growth

The leading manufacturer of earthmoving and construction equipment, JCB India, is bracing up for the next phase of growth which will be driven by technological advancement brought about in the world. It recently launched JCB Livelink, an advanced telematics technology which provides service, operation and security updates to customers on real time basis. The technology has been developed by Wipro which is a global information technology, consulting and business process services company.
Livelink collects data and information about the machine’s health, important, vital parameters and location through built-in sensors and send it to JCB Secured System using mobile communication technology. It is then sent to the machine owner via SMS, email and through the websites.
Through this JCB has been able to successfully connect over 10,000 construction equipment and machines, such as backhoe loaders, excavators and compact wheel loaders, deployed for its customers across India. At the International Mining and Machinery Exhibition (IMME) 2016 which was held in November in Kolkata, JCB India showcased its new 5.5 tonne Wheeled Loader – the JCB 455ZX and the JCB G63QI Diesel Generator.
Early this year, in July, it showcased a range of material handling product solutions in an event at New Delhi. The focus for JCB India is – Make in India. After a long period of de-growth, the construction equipment industry has started to pick-up. Revival in the India’s economy, stable rate of inflation and rupee have all brought the industry back on track. Global queues have also given an impetus for growth to the industry.
“With the macro-economic conditions becoming better the construction equipment industry has witnessed a growth of 40-45 percent since November 2015 and JCB India has had similar growth,” the company source said.
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.
The implementation of goods and services tax (GST) is expected to bring about the next wave of correction and growth. In simple terms, the GST means one tax to be imposed on all goods and services in the country. It will replace all forms of indirect taxes that we, as consumers, are paying for right now including service tax, central excise duty, value added tax (VAT) and central sales tax. GST is one of the biggest reforms in its indirect tax structure since the opening up of the economy 25 years ago in 1991.

Manufacturing

JCB India started as a joint venture in 1979 and is now a fully owned subsidiary of J C Bamford Excavators, United Kingdom. JCB India has become a manufacturing hub for global operations. With five state-of-the-art factories in India, it today manufactures 48 products in eight product lines which are not only sold in India, but are also exported to over 65 countries. It earns 30 percent of the revenue from exports. The company has already achieved 60-95 percent of localisation for various products and aims take it higher in future.
JCB has the largest dealer network in the construction equipment industry with over 60 dealers and 650 outlets spread throughout India. It’s after-sales services have improved with the introduction of telematics technology as the company can keep track of the machine’s health in real time. It can predict the need for any service support with the data that is collected and alert the company.

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