CE Industry Sees Robust Growth in Domestic and Export Sales: ICEMA
22 Feb 2025
2 Min Read
CW Team
The construction equipment industry has experienced its highest sales volumes in three years, driven by increased government spending on infrastructure projects. Domestic and export sales have surged significantly in the April-December 2024 period, according to the latest data from the Indian Construction Equipment Manufacturers' Association (ICEMA).
During the first nine months of the current fiscal year, the industry sold 98,970 units, a 5% increase from the 94,685 units sold during the same period in 2023, and a 34% rise from 73,795 units in 2022.
Exports also reached a three-year high, with 9,733 units shipped, surpassing 9,181 units in 2023 and 5,700 units in 2022.
The third quarter of FY25 saw the strongest performance in both domestic and export sales. Domestic sales reached 35,835 units, an increase from 33,135 units in Q3FY24 and 25,565 units in Q3FY23. Export figures also showed growth, with 3,547 units exported, up from 3,452 units in Q3FY24 and 2,252 units in Q3FY23.
When compared sequentially, Q3FY25 outperformed previous quarters, with Q2FY25 recording 27,382 units in domestic sales and 3,304 units in exports, while Q1FY25 saw 26,020 units in domestic sales and 2,882 units in exports.
ICEMA attributes this growth to several key factors, including ongoing government investment in infrastructure development, the conclusion of the monsoon season, pre-purchasing activity ahead of the implementation of the new CEV V emission standards in January 2025, and the launch of various new models of construction equipment.
The construction equipment industry has experienced its highest sales volumes in three years, driven by increased government spending on infrastructure projects. Domestic and export sales have surged significantly in the April-December 2024 period, according to the latest data from the Indian Construction Equipment Manufacturers' Association (ICEMA).During the first nine months of the current fiscal year, the industry sold 98,970 units, a 5% increase from the 94,685 units sold during the same period in 2023, and a 34% rise from 73,795 units in 2022.Exports also reached a three-year high, with 9,733 units shipped, surpassing 9,181 units in 2023 and 5,700 units in 2022.The third quarter of FY25 saw the strongest performance in both domestic and export sales. Domestic sales reached 35,835 units, an increase from 33,135 units in Q3FY24 and 25,565 units in Q3FY23. Export figures also showed growth, with 3,547 units exported, up from 3,452 units in Q3FY24 and 2,252 units in Q3FY23.When compared sequentially, Q3FY25 outperformed previous quarters, with Q2FY25 recording 27,382 units in domestic sales and 3,304 units in exports, while Q1FY25 saw 26,020 units in domestic sales and 2,882 units in exports.ICEMA attributes this growth to several key factors, including ongoing government investment in infrastructure development, the conclusion of the monsoon season, pre-purchasing activity ahead of the implementation of the new CEV V emission standards in January 2025, and the launch of various new models of construction equipment.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
