Predicting equipment forecast, features and preference for the future

27 Nov 2021 CW Team

The year 2021 is expected to end with sales of 82,000 units of construction equipment, 11 per cent higher than the previous year, according to Off-Highway Research. This would boost sales past the pre-COVID level of 83,470 units.

Multiple factors favour the long-term growth of the market, but with the caveat that India would have overcome the pandemic by the beginning of 2022, explains Samir Bansal, General Manager, Off-Highway Research.

In 2022, Off-Highway Research expects construction equipment sales to grow 15 per cent to touch 94,100 units, still lower than the last decadal high of 98,386 units in 2018. That peak is forecast to be crossed in 2023, when 11 per cent growth will take the overall tally to 104,650 units. “Sales are predicted to fall 8 per cent to 96,650 units in 2024, an outcome of the general election, an event that usually tends to disrupt economic activity,” he adds. Sales should bounce back in 2025, when 11 per cent growth may push the volume to 107,450 units.

So, what types of equipment will witness growth?

Click here to read more...

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..