Construction Equipment Demand Set To Rise in FY25

02 Jun 2025 CW Team

Industry stakeholders anticipate strong demand for construction equipment in FY25, buoyed by above-normal monsoon forecasts and the Indian government’s continued focus on infrastructure development. This outlook was shared by Deepak Shetty, President-Designate of ICEMA and CEO & MD of JCB India.

Shetty expressed optimism that the Indian Meteorological Department’s prediction of above-average rainfall would directly benefit the rural market—where most construction equipment is deployed. “With the government’s infrastructure thrust, I expect double-digit growth for the sector this year,” he said in an interaction.

The Indian construction equipment industry has grown by 26 per cent in recent years, though FY25 has been marked by strategic repositioning. “While growth this year could have been higher, we remain confident about the long-term outlook,” Shetty added.

India, now ranked the fourth-largest global economy, is expected to sustain its infrastructure momentum. ICEMA President V Vivekanand, who also serves as MD of Caterpillar India, stated that the sector recorded three per cent growth in FY25, with total sales reaching 140,000 units—setting a new industry benchmark.

JCB India also had a record year, exporting over 10,000 machines to the Americas and selling to about 130 countries. The firm, which began as a joint venture in 1979 and is now a wholly owned subsidiary of the UK-based J.C. Bamford Excavators, operates five manufacturing facilities in India.

Commenting on industry trends, Jaideep Shekhar, Convener of ICEMA’s Industry Analysis Panel, said growth aligned with expectations given the general elections and the implementation of new emission norms.

Despite a near-flat growth rate in the past year, industry leaders remain upbeat about FY25, citing improved rural demand, a rebound in public spending, and ongoing global expansion as key drivers.

Infrastructure Urban

13 Oct 2025

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..