Volvo CE Is At The Forefront Of Technological Development
Mr. Dimitrov Krishnan, Vice President and Head, Volvo CE India shares his views with CE&CR as the company gears up for
EXCON 2019 from 10th - 14th Dec, 2019 at Bangalore International Exhibition Centre, Bengaluru
Mr. Dimitrov Krishnan
Vice President and Head
Volvo CE India
Civil Engineering and Construction Review: How effective has EXCON been as a platform for helping Construction Equipment manufacturers meet the challenges facing them? How has the show helped the industry players identify new opportunities and make the best use of them?
Dimitrov Krishnan: EXCON 2019 is a great opportunity for us to engage both, existing and new customers. We are hopeful that the tradeshow will serve as a turning point for Volvo CE as the demand for construction equipment picks up, especially with the Indian government’s plans to invest $1.4 trillion in infrastructure over the next five years.
CE&CR: In this age of tough competition, what is your recent point of focus?
Dimitrov Krishnan: Volvo CE is at the forefront of technological development and to drive new innovations, each year our parent company, the Volvo Group, invests billions of dollars in research and development.
Recently, our company unveiled the world’s first fully-electric compact excavator, the EX2, which is equipped with electric drive systems and electromechanical linear actuators. The EX2 prototype shows our determination to provide zero-emissions machines in the future which will have the same power and force as conventional equipments. Volvo’s pursuit of electrically-driven vehicles could be a game changer. While it is too early to say if there will eventually be a shift towards electric engines, Volvo CE believes that going electric is the future of our industry.
The EX2, however, is just one of a few electric initiatives we have. The LX1, while not fully electric like the EX2, is a prototype electric hybrid wheel loader. At a press event in the US in July this year, we presented results from hundreds of hours of testing, which highlighted an average improvement of 50% in fuel efficiency as compared to its conventional counterparts. This equates to a reduction of 35% in fuel consumption and greenhouse gas emissions.
Further, the HX1 is a prototype autonomous battery-electric load carrier. It is one element of a project that aims to electrify a transport stage in a quarry from excavation to primary crushing and transport to secondary crushing. It has already picked up industry awards for innovation.
CE&CR: Where do you see the construction equipment market in the next five years?
Dimitrov Krishnan: The outlook for 2020 is still very bright; India’s potential is clear, and the drive to improve infrastructure and energy supply will unquestionably facilitate further growth in the economy and the construction equipment (CE) industry. As a company, Volvo CE has deep roots in India, along with an established sales and support network. Customers in India prefer Volvo machines because they can deliver the fuel savings they want without the need to engage newer hybrid systems; instead they can utilize proven designs. Also, we are well-positioned and excited to play our own part in the next stage of India’s development.
In context of the next five years, Volvo’s equipments are equipped to offer the company’s hallmark qualities- industry-leading fuel efficiency and productivity levels that customers love all over the world, for all the demands of the infrastructure and construction jobs.
CE&CR: Being a global company, what have you noticed about the trends in Construction Equipments in India?
Dimitrov Krishnan: Road construction has been the key demand driver for CE market in India for the past few years. We see this trend continuing in the future as well. Most of the projects are related to national highway construction and need highly productive products to speed up the construction activity.
At Volvo CE, we are see growing demand for bigger classes of earthmoving equipment across the world, as well as the highest levels of demand for excavators, compactors and pavers for this application and its associated industries. In India, the demand for construction and earthmoving equipment on the whole is growing. Several products that are popular here are built at our Bangalore factory and we are proud to support the government’s ‘Make in India’ initiative. For all Volvo Construction Equipment products, we expect strong growth at close to 40-50% level.
We are proud to be driving advances in the technology of existing road building machines, like pavers with sensors. Volvo CE is widely regarded as one of the leading innovators in the field of construction equipment. Our latest product for the road building industry is the P5320ABG paver which is manufactured at our plant in Bangalore.
CE&CR: What special services do you offer to retain existing customers?
Dimitrov Krishnan: Volvo has one of the largest and most experienced dealer networks in India, along with a range of Customer Service Agreements. We are able to provide expert advice and support whenever it’s needed. The most comprehensive is the Gold Customer Support Agreement; this option is increasingly popular in India due to the rising work levels and squeezing construction schedules. It offers preventive maintenance, inspection and repairs carried out at the earliest opportunity by trained Volvo service technicians, as well as offers the companies the best possible peace of mind.
For smaller contractors, or those leasing from us for the first time, we offer a range of attractive financing options through our Volvo Financial Services arm. For example, Volvo Financial Services offer attractive finance proposals and extended warranties.
Further, customers need to do more with less, following which many of them have opted to monitor their fleet with our telematics system. CareTrack is a telematics system that gives equipment owners access to a wide range of machine monitoring information that can help save time and money. The system generates a wide range of reports with data on aspects such as fuel consumption, operational hours, geographical location, etc.; these reports are available via a web portal or can be received via SMS or email alerts. CareTrack can also be used to manage machine servicing and wear parts; this allows fleet managers to reduce fuel costs, optimize machines and operator performance, as well as proactively manage service and maintenance to maximize uptime.
CE&CR: Which new products and services are you launching at the show?
Dimitrov Krishnan: During EXCON 2019, which will be held 10th – 14th Dec, BIEC, Bangalore, India, Volvo CE will be showcasing its progress in building a better tomorrow through future technology. Visit us at OD24 to get a closer look at our offerings.
Also, at Volvo CE, we are driven by the idea that through imagination, hard work and technological innovation, we will lead the way towards developing a world that is cleaner, smarter and more connected. We believe in a sustainable future; so at EXCON 2019, we will focus on Volvo CE’s use of electromobility and artificial intelligence to advance the future of construction equipment. To know more about this, visit us at the Artificial Intelligence Pavillion in Hall 4, stall no AI5.
In addition, Volvo CE will be showcasing a range of construction and mining equipments, including EC200D, L120Gz, P4370, etc., which serve the key industrial segments of road construction, mining and general construction.
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