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L&T partners with FAYAT Road Equipment to market BOMAG road construction machinery in India

#Taxation & Finance News#Infrastructure#India
Synopsis

Larsen & Toubro’s construction and mining machinery business has partnered with France-based FAYAT Road Equipment to market and support BOMAG’s specialised road construction equipment in India. The partnership covers marketing, sales, after-sales services and spare parts supply. BOMAG, part of FAYAT’s road equipment division, manufactures machinery and technologies used in road construction and infrastructure development. The arrangement will add BOMAG’s equipment range to L&T’s existing road machinery portfolio, allowing the Indian engineering major to cater to a wider range of road construction and maintenance applications through its customer network and nationwide product support capabilities.

Larsen & Toubro (L&T) has partnered with French construction equipment company FAYAT Road Equipment to market specialised BOMAG road construction machinery in India, with the agreement covering sales, marketing, after-sales support and supply of spare parts. The partnership was announced on August 26 and is aimed at expanding L&T’s equipment offering for road construction, maintenance and infrastructure projects. 
FAYAT Road Equipment is part of France-based FAYAT Group, an independent construction group with operations across the infrastructure equipment sector. Germany-based BOMAG forms part of FAYAT’s road equipment division and specialises in machinery and technologies used in road construction and related infrastructure development. 
Under the partnership, L&T’s construction and mining machinery business will market BOMAG equipment in India and provide customers with associated support services. The arrangement combines BOMAG’s specialised road construction equipment with L&T’s established customer relationships and nationwide product support network. 
The partnership will supplement L&T’s existing road machinery portfolio with additional equipment designed for specialised applications. L&T said the expanded range would allow it to address requirements across different stages of road construction and maintenance, as well as broader infrastructure development activities. 
Shri Anil V Parab, Senior Executive Vice President and Whole-time Director – Manufacturing, L&T, said the BOMAG range would complement the company’s existing portfolio and enable it to cater to a broader set of applications. He added that the combined product offering would allow L&T to provide a wider range of road construction machinery to its customers. 
BOMAG has developed equipment for road construction and maintenance and is recognised for technologies focused on infrastructure applications. Its integration into L&T’s machinery portfolio will give the Indian company access to a broader set of specialised products while leveraging its existing distribution and service capabilities. 
The partnership comes against the backdrop of continued investment in road and infrastructure development in India, where demand for construction machinery spans highway construction, road widening, maintenance and other civil infrastructure works. Equipment suppliers are increasingly required to provide not only machinery but also servicing, spare parts and technical support throughout the operating life of equipment. 
For L&T, the agreement strengthens its position in the road machinery segment by expanding the range of equipment available through its established business network. The company operates across engineering, procurement and construction, hi-tech manufacturing, products and services, with activities spanning multiple sectors and geographies. 
L&T is an Indian multinational with operations across engineering, procurement and construction projects, manufacturing, products and services. The company said the partnership with FAYAT Road Equipment will support its efforts to offer a broader portfolio of machinery for road construction, maintenance and infrastructure development in India. 
Source PTI

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