India's construction equipment industry witnesses 5% rise in sales to 28,902 units in Q1 FY25: ICEMA
The Indian Construction Equipment Manufacturers' Association (ICEMA) in its latest report has said that India's construction equipment industry witnessed a 5 per cent rise in sales to 28,902 units during the April-June quarter of 2024-25 (Q1FY25). It stated the construction equipment (CE) industry had sold 27,577 units in the same period of the previous fiscal.
The report further said the growth was a result of increasing year-on-year sales in three of the five main equipment segments of the CE industry in the April-June 2024 period. These were earthmoving equipment with a 5 per cent increase, road construction equipment with a 9 per cent increase, and concrete equipment with a growth of 11 per cent.
It stated Material handling equipment and material processing equipment, on the other hand, clocked 3 per cent and 4 per cent reduction in sales in Q1 FY25 as compared to Q1 FY24. On a quarter-on-quarter basis, the report, however, said the total sales figures for Q1 FY25 were 29 per cent lower than 40,965 units sold in Q4 FY24.
