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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?