The last quarter has been noteworthy with the Government making efforts to revive stalled economic activity in the country. While Make in India still remains at the heart of this ambitious effort, other fringe programs such Digitisation, Skills and Swachh Bharat have gained equal momentum and these programs put together will undoubtedly get the economy to move its wheels again.
At JCB, we are committed these efforts of the Government and are well positioned to leverage the opportunity that arises thereof. Things have started to move in the right direction and we are seeing a bottoming out trend in demand. Increased public expenditure on infrastructure is a good indicator.
JCB’s Heavyline equipment has shown improvement in terms of customer demand and newly launched Made in India Skid Steer and Loadall have been very well accepted by our customers.
We continue to set benchmarks in the field of innovation and technology with the launch of JCB Livelink – an advanced telematics technology which provides Service, Operation and Security updates to customers on real time basis.
We are hopeful that some on ground activity will be visible from the Q3 of the current fiscal year. The medium and long-term growth of this sector is assured, however in the immediate short-term, we will have to focus on the basics – of managing our businesses well – with our customer at its heart.
MD & CEO, JCB India Limited