Harpreet Singh Wahan, Business Director, Enovation Controls India Pvt. Ltd.

In light of current global trends and market conditions people are optimistic about the next 18–24 months but a little pessimistic about the next six. Nobody knows what will happen, but Harpreet Singh Wahan, Business Head – Enovation Controls India Pvt. Ltd., believes the country’s infrastructure trajectory in the next 18– 24 months would be quite beneficial.

Can you tell us about your products on display?

We are primarily a manufacturer of equipment integration components, such as displays, controllers, IO modules, gauges, and hydraulic controllers, all of which work together to make equipment function. They may be put on any piece of machinery, such as an excavator, a mining truck, or a drill. We’ve released U Controls, a new range of mobile hydraulic controls in this Exhibition. It’s a set of four modules that serve as a comprehensive electrohydraulic control platform for our customers.

Areas of application 

Our products are used in all rugged environments. Dump trucks, mining trucks, motor graders, excavators, and loaders in the mining industry. Tippers, water sprinklers, and underground mining We have a diverse clientele and OEMs account for 99 percent of our revenue. 

Specific target market in the coming years

Mining, material handling, maritime, and military are our main business segments. With a diversified product range, we therefore do not target any one market or industry. In addition, we opened a full-fledged manufacturing plant in India last year, which is a huge step forward. We are gradually indigenising several of our products. And this is something that the customers enjoy as well. It will have widespread backing, particularly from the Make in India initiative.  

Demand trends for Technology Products in infrastructure sector

We’re seeing demand all throughout the world. Due to supply dynamics, we might see a small dip in demand and supply ability in next 6 – 10 months but somewhere around February-March 2023, things will start to pick up. I believe two years after that, there will be easily 12 to 15 percent year-on-year increase. Looking at the ever-increasing requirement, we are considering factory expansion and increased output in India. Our product development and core development teams would expand to work for in the region products. We’ve already begun working with OEMs on upcoming long-standing projects in India and Southeast Asia and believe there are good years ahead. n