Construction Equipment Sales Fall 9 Per Cent In FY26 YTD
Equipment

Construction Equipment Sales Fall 9 Per Cent In FY26 YTD

Sales of construction equipment in India’s domestic market fell 9 per cent to 81,566 units in the first nine months of the current financial year, weighed down by slower infrastructure activity and execution challenges, according to industry body Indian Construction Equipment Manufacturers' Association (ICEMA).

Domestic sales had stood at 89,244 units in the corresponding period of the previous year. In contrast, exports rose sharply to 12,469 units from 9,733 units over the same period, reflecting stronger overseas demand.

Overall sales, including domestic and exports, declined 5 per cent to 94,035 units during April–December of the current financial year, compared with 98,737 units in the year-ago period.

ICEMA said that while domestic sales contracted by nearly 9 per cent, exports increased by 28 per cent, helping limit the overall industry decline to 5 per cent in the first nine months of FY26. The export growth highlights increasing market diversification and resilient demand from international markets.

Deepak Shetty, president of ICEMA and chief executive and managing director of JCB India Ltd, said domestic demand during the year-to-date period of FY25–26 remained subdued. He added that industry growth is closely linked to infrastructure development, where companies faced headwinds during the period.

Looking ahead, ICEMA said the industry is expecting a strong capital expenditure allocation and faster award of government projects in the upcoming Union Budget to revive domestic demand.

Sales of construction equipment in India’s domestic market fell 9 per cent to 81,566 units in the first nine months of the current financial year, weighed down by slower infrastructure activity and execution challenges, according to industry body Indian Construction Equipment Manufacturers' Association (ICEMA). Domestic sales had stood at 89,244 units in the corresponding period of the previous year. In contrast, exports rose sharply to 12,469 units from 9,733 units over the same period, reflecting stronger overseas demand. Overall sales, including domestic and exports, declined 5 per cent to 94,035 units during April–December of the current financial year, compared with 98,737 units in the year-ago period. ICEMA said that while domestic sales contracted by nearly 9 per cent, exports increased by 28 per cent, helping limit the overall industry decline to 5 per cent in the first nine months of FY26. The export growth highlights increasing market diversification and resilient demand from international markets. Deepak Shetty, president of ICEMA and chief executive and managing director of JCB India Ltd, said domestic demand during the year-to-date period of FY25–26 remained subdued. He added that industry growth is closely linked to infrastructure development, where companies faced headwinds during the period. Looking ahead, ICEMA said the industry is expecting a strong capital expenditure allocation and faster award of government projects in the upcoming Union Budget to revive domestic demand.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code