+
CE Industry Sees Robust Growth in Domestic and Export Sales: ICEMA
Equipment

CE Industry Sees Robust Growth in Domestic and Export Sales: ICEMA

The construction equipment industry has experienced its highest sales volumes in three years, driven by increased government spending on infrastructure projects. Domestic and export sales have surged significantly in the April-December 2024 period, according to the latest data from the Indian Construction Equipment Manufacturers' Association (ICEMA).

During the first nine months of the current fiscal year, the industry sold 98,970 units, a 5% increase from the 94,685 units sold during the same period in 2023, and a 34% rise from 73,795 units in 2022.

Exports also reached a three-year high, with 9,733 units shipped, surpassing 9,181 units in 2023 and 5,700 units in 2022.

The third quarter of FY25 saw the strongest performance in both domestic and export sales. Domestic sales reached 35,835 units, an increase from 33,135 units in Q3FY24 and 25,565 units in Q3FY23. Export figures also showed growth, with 3,547 units exported, up from 3,452 units in Q3FY24 and 2,252 units in Q3FY23.

When compared sequentially, Q3FY25 outperformed previous quarters, with Q2FY25 recording 27,382 units in domestic sales and 3,304 units in exports, while Q1FY25 saw 26,020 units in domestic sales and 2,882 units in exports.

ICEMA attributes this growth to several key factors, including ongoing government investment in infrastructure development, the conclusion of the monsoon season, pre-purchasing activity ahead of the implementation of the new CEV V emission standards in January 2025, and the launch of various new models of construction equipment.

The construction equipment industry has experienced its highest sales volumes in three years, driven by increased government spending on infrastructure projects. Domestic and export sales have surged significantly in the April-December 2024 period, according to the latest data from the Indian Construction Equipment Manufacturers' Association (ICEMA).During the first nine months of the current fiscal year, the industry sold 98,970 units, a 5% increase from the 94,685 units sold during the same period in 2023, and a 34% rise from 73,795 units in 2022.Exports also reached a three-year high, with 9,733 units shipped, surpassing 9,181 units in 2023 and 5,700 units in 2022.The third quarter of FY25 saw the strongest performance in both domestic and export sales. Domestic sales reached 35,835 units, an increase from 33,135 units in Q3FY24 and 25,565 units in Q3FY23. Export figures also showed growth, with 3,547 units exported, up from 3,452 units in Q3FY24 and 2,252 units in Q3FY23.When compared sequentially, Q3FY25 outperformed previous quarters, with Q2FY25 recording 27,382 units in domestic sales and 3,304 units in exports, while Q1FY25 saw 26,020 units in domestic sales and 2,882 units in exports.ICEMA attributes this growth to several key factors, including ongoing government investment in infrastructure development, the conclusion of the monsoon season, pre-purchasing activity ahead of the implementation of the new CEV V emission standards in January 2025, and the launch of various new models of construction equipment.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code