India’s construction equipment industry saw a 5% increase in sales during the April-June quarter of 2024-25, reaching 28,902 units, according to a report from the Indian Construction Equipment Manufacturers’ Association (ICEMA). This compares to 27,577 units sold in the same period last year. Rising sales drove the growth in three key segments: earthmoving equipment, which grew by 5%; road construction equipment, which increased by 9%; and concrete equipment, which saw an 11% rise. However, material handling and processing equipment sales fell by 3% and 4%, respectively.
On a quarter-on-quarter basis, total sales for Q1 FY25 were 29% lower than the 40,965 units sold in Q4 FY24. Of the 28,902 units sold in Q1 FY25, 26,020 were in the domestic market, while 2,882 units were exported. In detail, earthmoving equipment accounted for 19,858 units sold, followed by material handling equipment at 3,760 units, concrete equipment at 3,199 units, road construction equipment at 1,457 units, and material processing equipment at 628 units. Month-on-month sales in June 2024 reached 9,363 units, reflecting a 2% decrease from May 2024 but a 5% increase compared to June 2023.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.