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

20 Aug 2024 CW Team

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.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..