Geared for growth

Geared for growth

by Rajesh Kulkarni on Feb 2, 2009

Be the first to comment

Infra development can boost demand for construction equipment

What are the key products that Setco has on offer? Who are your major clients in this category?

We offer pressure converters to major OEMS globally, such as CAT, Komatsu and many others. These are manufactured out of our USA facility in Paris, Tennessee.

How do you gauge the market for construction equipment in India? How has the ongoing liquidity crunch impacted this sector?

In our opinion the housing market has been affected severely and seen a price correction of almost 20%. With liquidity of people still being tied up, the already constructed areas are not being bought.

So, new buys are down. But a converse is that with prices being low, the government is seriously looking at infrastructure development. If they can take a swift decision then the demand for construction equipment in India will be stronger.

As a leading clutch manufacturer for heavy and medium vehicles, what is Setco’s market share?

We have a dominant market share in the medium and heavy commercial vehicle segment as far as existing players are concerned. We are working closely with new entrants as well as current players for developing new platforms.

Story continues below

COMMENT

Comment on this article

Going forward what will be the growth drivers for this sector? What is going to be your strategy to leverage this potential?

The launch of vehicles in the heavy vehicle segment planned by existing as well as new players is one of the key growth drivers in the OE segment.

Our strategy is to work closely with OEMs and jointly work towards developing clutches for new vehicles.

We also intend to leverage our strengths with OEMs to exploit the existing opportunities in the aftermarket segment. Though the global markets are subdued currently, new product development will help us exploit overseas markets to register growth.

From manufacturing clutch plates to developing sports infrastructure, what has been the rationale behind the launch of SE TransStadia Pvt. Ltd?

We consider project execution as a key competency. It is this strength which drew us towards stadia project and we are confident of reaping success here.

Lastly, does this venture signal your company’s foray into other areas of infrastructure development?

It is too early to conclude this.

COMMENTS


Name *
Email *
City
Country
Subject: *
Comments: *
Math Question: *
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.	Refresh the image if not clear
	Remember me on this computer