ICEMA reports 5% increase in CE sales to 28,902 units for Q1 FY25
Equipment

ICEMA reports 5% increase in CE sales to 28,902 units for Q1 FY25

India's construction equipment industry saw a 5% increase in sales, reaching 28,902 units during the April-June 2024-25 quarter, according to a report. The Indian Construction Equipment Manufacturers' Association (ICEMA) noted that sales had been 27,577 units in the same period the previous fiscal year.

"The first quarter of FY2024-25 saw a 5% year-on-year growth from 27,577 units in Q1 FY2023-24 to 28,902 units in Q1 FY2024-25," the report stated.

This growth was driven by increased sales in three out of five key equipment segments: earthmoving equipment (+5%), road construction equipment (+9%), and concrete equipment (+11%). However, material handling and processing equipment saw declines of 3% and 4%, respectively. On a quarter-on-quarter basis, Q1 FY25 sales were 29% lower than the 40,965 units sold in Q4 FY24.

Out of the 28,902 units sold in Q1 FY25, 26,020 were in the domestic market and 2,882 were exported. The breakdown by segment includes 19,858 units of earthmoving equipment, 3,760 units of material handling equipment, 3,199 units of concrete equipment, 1,457 units of road construction equipment, and 628 units of material processing equipment. In June 2024, sales totaled 9,363 units, marking a 2% decline from May but a 5% increase from June 2023’s 8,889 units.

India's construction equipment industry saw a 5% increase in sales, reaching 28,902 units during the April-June 2024-25 quarter, according to a report. The Indian Construction Equipment Manufacturers' Association (ICEMA) noted that sales had been 27,577 units in the same period the previous fiscal year.The first quarter of FY2024-25 saw a 5% year-on-year growth from 27,577 units in Q1 FY2023-24 to 28,902 units in Q1 FY2024-25, the report stated.This growth was driven by increased sales in three out of five key equipment segments: earthmoving equipment (+5%), road construction equipment (+9%), and concrete equipment (+11%). However, material handling and processing equipment saw declines of 3% and 4%, respectively. On a quarter-on-quarter basis, Q1 FY25 sales were 29% lower than the 40,965 units sold in Q4 FY24.Out of the 28,902 units sold in Q1 FY25, 26,020 were in the domestic market and 2,882 were exported. The breakdown by segment includes 19,858 units of earthmoving equipment, 3,760 units of material handling equipment, 3,199 units of concrete equipment, 1,457 units of road construction equipment, and 628 units of material processing equipment. In June 2024, sales totaled 9,363 units, marking a 2% decline from May but a 5% increase from June 2023’s 8,889 units.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?