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Ticker Tape - February 2025

Equipment Ticker – February 2025

In a significant milestone for India’s manufacturing sector, LiuGong India has laid the foundation stone for its new plant in Pithampur. Spanning a vast 20-acre site, this plant represents a substantial investment of $2.8 million USD and marks a new chapter in LiuGong’s commitment to India’s growth and development.

The new plant, strategically located in the industrial hub of Pithampur, is poised to revolutionize the construction equipment industry in India. With an initial production capacity of 6,500 units, the plant will focus primarily on the local production of excavators, catering to the rising demand for construction machinery in the country. The foundation stone laying ceremony was attended by key industry leaders, government officials, and LiuGong’s senior management. Speaking at the event, Wu Song, Managing Director, expressed enthusiasm about the project. “This new facility underscores our long-term commitment to the Indian market. We are excited to enhance our advanced manufacturing capabilities to Pithampur, fostering innovation and creating job opportunities,” Wu Song stated. The Pithampur plant is not just a testament to LiuGong’s investment in India’s infrastructure but also a step towards self-reliance. By focusing on local production, LiuGong aims to reduce import dependencies and strengthen India’s position as a manufacturing powerhouse. The plant’s cutting-edge technology and efficient processes will ensure the production of high-quality excavators that meet global standards.

Moreover, the new plant is expected to generate significant employment opportunities in the region, contributing to the socio-economic development of Pithampur and its neighboring areas. As LiuGong India embarks on this new journey, the company remains committed to sustainable growth, innovation, and excellence in manufacturing.

The foundation stone laying ceremony symbolizes the beginning of a promising future for LiuGong India and the construction equipment industry in India. With the new plant, LiuGong is set to play a pivotal role in India’s infrastructure development, supporting the nation’s ambitious projects and contributing to its vision of becoming a global manufacturing leader.


In a significant boost to India’s defence infrastructure and indigenous manufacturing capabilities, Action Construction Equipment Limited (ACE) has secured the largest order in its history, reinforcing its commitment to the Government of India’s ‘Make in India’ and ‘Aatma Nirbhar Bharat’ initiatives. The Ministry of Defence (MoD) has signed contracts, in the presence of Defence Secretary Shri R K Singh, for the procurement of 1,868 Rough Terrain Fork Lift Trucks (RTFLT), with ACE securing a dominant 60% share of the order. ACE will deliver 1,121 RTFLTs along with attachments and accompanying accessories at a total value of Rs.420.00 crores.

The RTFLT is a mission-critical asset, designed to enhance combat readiness and logistical efficiency across the Indian Army, Indian Air Force, and Indian Navy. By reducing manual handling of vast quantities of essential supplies, the RTFLT significantly improves the operational effectiveness of the Defence forces.

ACE was awarded this breakthrough contract after successfully demonstrating the superior capability of its equipment through rigorous performance testing. This milestone order underscores the company’s technological expertise and robust R&D capabilities, reinforcing its position as a key contributor to India’s self-reliance in defence manufacturing.

“This is a momentous achievement for ACE, marking our single largest order to date and a testament to our unwavering commitment to innovation and excellence. We take immense pride in playing a crucial role in strengthening our nation’s defence logistics with indigenously designed and manufactured solutions”, said, Sorab Agarwal – Executive Director – ACE

With this landmark contract, ACE continues to drive forward India’s vision of self-reliance in material handling technology while reinforcing its leadership in the specialized cranes and material handling equipment sector.


CNH, a global leader in agriculture and construction equipment, today announces the commencement of production at its new engine plant in Greater Noida, marking a significant milestone in the company’s dedication to innovation and localization. The facility manufactures the advanced 2.8l Trem V engine (namely F28), designed to power the company’s product line up with exceptional performance and efficiency. This cutting-edge global engine has been localised in India to deliver a robust and reliable solution for the Indian market.

Narinder Mittal, President and Managing Director, CNH India, said, “The launch of the 2.8l TREM V engine from the state-of-the-art Noida engine plant, underscores our dedication to delivering solutions engineered and manufactured in India. This achievement both enhances our product offerings and reaffirms CNH’s commitment to innovation and sustainable productivity. This highlights our strategic focus on producing reliable, efficient and environmentally compliant powertrain solutions that will set new benchmarks for the industry.”

The new 2.8l engine is licensed to CNH by FPT Industrial, the powertrain division of Iveco Group, reflecting the strong synergy between the two entities in driving innovation and sustainability in powertrain technologies. Designed for under-hood applications, its compact design improves engine balance, reduces vibration, and minimizes friction for improved fuel efficiency. Located within CNH’s 60-acre Greater Noida facility, the advanced engine plant spans 7,000 Square meters and is designed for scalable production, with an annual capacity up to 20,000 units. Currently the 2.8l F28 TremV compliant engine is manufactured for construction equipment (with CEV V norms), with plans to expand it to agriculture once TREM V emission norms are introduced. The state-of-the-art plant features digital and AI-driven technologies, including an advanced operator guidance system and a robotic component cleaning, ensuring precision, efficiency, and high-quality output.  For over 25 years, CNH India has been delivering world-class products through its ‘Made in India’ operations. The company operates in the country through its Case IH, New Holland, and CASE Construction Equipment brands, as well as its financial arm CNH Capital and Global Technology Center.


Eicher Trucks & Buses, a division of VE Commercial Vehicles (VECV), has secured a significant order from UPSRTC for 1,621 buses and 42 heavy-duty trucks. The order includes 1,344 units of LMD Built-up Non-A/C Buses (Skyline Pro 3011 L and Skyline Pro 3010 L) for efficient passenger transport, 197 units of Eicher Pro 6016 12m AC Buses, 80 units of Eicher Pro 6016 CNG Bus Cowl Chassis, and 42 units of Eicher Pro 3019 Trucks for logistics and parts movement. This highlights Eicher Trucks and Buses commitment to providing reliable transportation solutions covering the entire operating requirement of State Transport Undertakings. The order is part of the Uttar Pradesh Government’s focus on infrastructure development and will significantly contribute to modernizing the state’s public transportation services.

Vinod Aggarwal, MD & CEO, VE Commercial Vehicles Limited, said, “We are privileged to have been entrusted by UPSRTC with this significant order, which underscores their confidence in our ability to provide dependable and efficient transportation solutions covering light & medium duty bus and heavy duty bus operations. This milestone order solidifies our partnership with UPSRTC and Uttar Pradesh -the land of the Maha Kumbh.”

The Skyline Pro is a premium range of light & medium duty buses from Eicher stable built on reliable 3000 series platform. Skyline Pro range of buses are powered with high performance E494 and E474 BSVI engines which deliver best in class fuel efficiency. The buses on Pro 3010 and 3011 platform are built with a contemporary design & offer augmented aesthetic appeal, enhanced quality impression, diverse seating options and comfortable ride to the commuters. The Eicher Pro 6016 CNG Bus features a powerful E694 CNG engine equipped with turbo-charger & inter-cooler which delivers the maximum power of 150 kW. It has high-capacity CNG tanks for extended trips, a durable Domex chassis, and rubber padded suspension for smooth rides. The intelligent IDIS 2.0 system enhances driver efficiency, making it a reliable workhorse for demanding routes.

The Eicher Pro 3019, powered with smart & efficient E494 engine and advanced Engine Management System, delivers exceptional fuel efficiency and performance. Designed for profitability, it’s the perfect partner for businesses seeking smart growth.

Eicher’s Lifetime Support Solutions provide end-to-end customer support through its industry-leading Uptime Centre, Uptime Certified Workshops, and extended warranties, ensuring superior uptime and productivity. These solutions, alongside predictive diagnostic tools and on-road services are designed to create a differentiated and seamless experience for customers.

Eicher Trucks and Buses boasts one of the widest product ranges in the industry, pioneering 100% connected vehicles with advanced telematics. Features like the Eicher Uptime Centre ensure superior operational efficiency, while the Pro 3000 and Pro 6000 platforms offer dynamic performance and reliability tailored to customer needs.


Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, today inaugurated three new M&HCV dealership outlets of Sahu and Sons Truckings in Jharkhand. These include two outlets in Ranchi and one in Serengdag. With these additions, Ashok Leyland now has 30 M&HCV touchpoints across the state.

The advanced 3S dealership in Ranchi, is strategically located at NH20 (connecting Jamshedpur to Barhi), spanning across 60,000 sq. ft and features ten bays. This newly launched dealership will serve the districts of Ranchi, Hazaribagh, Gumla, Chatra, Koderma, Ramgarh, Khunti, and Simdega. The outlet will cater to M&HCV vehicles, and are equipped with modern tools and equipment, including wheel alignment machines, pneumatic systems and four dedicated accident repair bays with modern repair system facilities. The second outlet inaugurated in Ranchi is a dealership sales (1S) outlet.

The third outlet, a state-of-the-art 2S facility, is located in Serengdag in the Chatra district. Spanning across 25,000 sq. ft, it features seven service bays and is strategically positioned near the Chatra Coal Mines and NTPC, Tandwa ensuring efficient access for vehicles moving to the eastern, and northern regions of the state.

The newly launched dealerships will play an important role in helping Ashok Leyland strengthen its footprint in the eastern region.

Madhavi Deshmukh, National Sales Head – MHCV, Ashok Leyland, said, “Jharkhand is an important market for us, and we are delighted to expand our presence in the region with three additional touchpoints. We aim to leverage the region’s thriving economic activity, expanding infrastructure projects, and increasing demand for commercial vehicles. Our partner, Sahu and Sons Truckings, through these new outlets, will help us meet the distinct demands of our customers in this region by offering tailored solutions. We want to be a part of the growth and help our customers with the best products. We, as always, remain committed to enhancing customer service and satisfaction. We will help our consumers achieve their dreams as we believe that Koi Manzil Door Nahin.”

Vivek Vishal, Director, Sahu and Sons Truckings said, “We are thrilled to partner with Ashok Leyland and expand our presence in Jharkhand. The three new outlets will solidify the brand’s position as a significant player in the region. Ashok Leyland has consistently been a trusted and preferred brand in Eastern India. With this partnership, we aim to take its legacy forward by reaching more customers and providing end-to-end mobility solutions for their unique transportation needs.”

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