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Home » RCMME » Industry Speaks » Renting equipment more profitable

Renting equipment more profitable

By | January 14, 2019 12:28 pm SHARE

Renting equipment more profitable
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bauma CONEXPO INDIA 2018 exhibited an array of technologies, products and solutions in the construction machinery, building material machines, mining machines and construction vehicles. As compared to last year, this edition witnessed greater enthusiasm from the industry owing to augmenting construction activity on the back of infrastructure push by the government, says Neeraj Sehrawat, Vice President, Indiabulls Store One.

How was your experience at bC India 2018?
This year, bauma CONEXPO India is more exciting with owing to government’s infrastructure focus and booming construction activity, as compared to last year.

Why is equipment renting being increasingly preferred by companies?
When financing heavy equipment, companies and individuals are making use of multiple options including leases and rentals as well as outright purchases on wheel loaders and similar machines.With specific equipment categories enjoying even larger jumps in rental frequency. Renting equipment mostly proves to be more workable and less risky for businesses.

How can renting equipment add to the bottomline of companies?
Companies prefer to rent equipment depending upon their business plan and model and financial standing. For a venture that is in nascent stage, renting equipment seems to be more sensible option than buying heavy equipment and blocking a specific amount of money into the same. Funds can be allocated to other areas in better ways that have the prospects to thrive and can hence swell the bottomline of a business.

How 2018 was for you and what is your outlook for 2019?
2018 was a great insight towards penetrating new segments & 2019 will be exciting as we are expanding our fleet size to meet the requirements of our privileged customers.

For a venture that is in nascent stage, renting equipment seems to be more sensible option.
Neeraj Sehrawat, Vice President, Indiabulls Store One

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