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

09 Mar 2026

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..