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Earthmovers Surge Ahead

Earthmoving equipment sales soar 21 per cent in FY24, dominating the Indian construction equipment market.

India鈥檚 CE Sales Surge 26% in FY24

With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian construction equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections.

Fuelling the future

Backhoe loader manufacturers are developing hybrid or fully electric backhoe loaders, which significantly reduce or eliminate fuel consumption and emissions.

CE sales cross one lakh unit mark in FY2022-23

The Indian construction equipment industry recorded an excellent 26 per cent growth YoY with sales crossing the one lakh unit mark in FY2022-23.

Construction equipment sales grew 26% to cross 1 lakh mark in FY2022-23

YoY 28.5% growth in domestic sales, 3% growth in exports

bauma CONEXPO INDIA 2018

The construction equipment expo - held in December 2018 in Delhi - scaled new heights even while participants expressed their apprehensions on the market scenario in 2019 owing to the upcoming elections.

The big movers

Being the major equipment class in the infrastructure development activities, Earthmoving equipment sees further demand growth in future owing to an anticipated growth in construction activities.

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