Construction equipment sales rise 30% to 36,055 units in Q3FY24: ICEMA
Indian Construction Equipment Manufacturers Association (ICEMA) in its latest data has said that India's construction equipment (CE) industry has witnessed a 30 per cent rise in sales to 36,055 units in the third quarter of the current fiscal (Q3FY24). Of the overall sales for Q3FY24, 33,135 units were sold domestically and 2,920 units were exported. The construction equipment industry had sold 27,817 units in the third quarter of the previous fiscal.
According to the data, sales of material handling equipment rose 46 per cent to 4,482 units and concrete equipment sales grew 43 per cent to 3,840 units during the period. Road construction and material processing equipment sales stood at 1,958 and 688 units, registering an increase of 38 per cent and 18 per cent, respectively.
ICEMA President V Vivekanand requested the government to ensure that the steady pace of execution of projects is maintained, which is critical for the consistent growth and development of the construction equipment industry.
