doosan bobcat india hosts financiers meet volvo strengthens its network doosan bobcat india (dbin), the indian subsidiary of the global leader in compact equipment business, organized a financier meet at chennai. top level executives from banks which dominate the construction equipment industry like icici, hdfc, indusind, kotak, and axis bank participated in the event. big names from the non-banking financial institutions like hdb, cholamandalam, srei, sundaram finance, and tata capital were making their presence at the event. lending in this meet was organized by dbin with an objective of enhancing the business partnership between doosan bobcat as a manufacturer of compact equipment and the various major financial institutions. with doosan bobcat’s new manufacturing plant at chennai set to roll out the most awaited bobcat backhoe loaders in just a few months, the timing of the event couldn’t have been more perfect. the synergy created through the collaboration of a manufacturer and finance providers will without a doubt benefit the end customers in terms of a superior product yielding the best return on investment with hassle free availability of credit. doosan bobcat india’s vision is to be the market leader in compact equipment and with the wide product portfolio to suite customer’s requirement. hs kim, director, commercial (dbin), said, “off-highway research showed sales of indian construction equipment market grew 35% last year. india has not matured as an equipment finance market yet, but it is likely that the captive finance model shall evolve very soon. this is the best time to reach and support people who want to grow but have low financial means and want to fulfill the aspiration of a better life. dbin’s endeavor is to bring out financing packages which are easy to handle by customers, with less of complexity so that it becomes easy for customers to interact with us, the experienced partner.” the executives from the various banks & nbfc’s felt that through this strategic partnership, a superior quality product from a reputed brand can be made affordable to an end customer when it can be offered with a trusted & transparent financing experience. drs infra has been appointed volvo ce dealer for 20 districts in the northern part of maharashtra, one of india’s biggest construction equipment markets with a large geographical spread. “the appointment of drs infra as our distributor for the region gives better coverage in this important market, and allows volvo ce to further improve sales and service to customers in the area. “the appointment of drs infra is vital to strengthening volvo ce´s retail focus in the dynamic indian market.” says dimitrov krishnan, vice president and head of volvo ce india. “we have been working closely with the volvo family, supporting volvo penta and volvo buses in parts of maharashtra. now, we are excited to add value to volvo ce by supporting their ongoing market leadership in the booming indian market. we feel there is strong demand for volvo´s range of productive, fuel efficient and high quality construction equipment, and we’re looking forward to taking our partnership forward” said divish sabhlok, director, drs infra. webnms partners with hms networks webnms, the iot division of zoho corporation, announced its foray into the industrial iot space through its partnership with hms networks. the platform headlines seamlessly integrates with hms networks’ remote access and industrial management equipment, ewonflexy. the strategic collaboration will leverage the potential of the iot platform vendor to achieve data driven digital transformation in manufacturing industry. hms ewonflexy and webnms iot platform collaborate for uninterrupted multi-protocol data acquisition, processing, analytics and insights. beml commences metro car production beml limited commenced production of metro cars at its bangalore facility recently, for mmrda (mumbai metropolitan region development authority) for its mrs1 project. the production of metro cars for mmrda commenced ceremoniously at beml bangalore complex in the presence of d s mishra, ias., secretary housing & urban affairs, goi, r a rajeev, ias., metropolitan commissioner, mmrda, mangu singh, md, delhi metro, ajay seth, ias., md, bangalore metro and a host of senior executives from mmrda, dmrc and beml. acknowledging the support of dmrc & mmrda, deepak kumar hota, cmd, beml said “beml is committed to supply metro cars for mmrda well within the schedule. our production has already started and we are committed to manufacture state-of-the-art coaches for mmrda with the support of employees and executives.” august 2019 | equipment times | 13