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India’s construction equipment industry witnesses 8% de-growth in FY22: ICEMA
While earthmoving equipment & road construction equipment experienced 14% & 10% decline respectively, other three segments (namely material handling, material processing and concrete equipment) registered positive growth during FY22.Read more
There is a dramatic pick-up in road-building equipment sales
The government’s drive to improve infrastructure and energy supply is facilitating economic growth, which is in turn is giving a fillip to the construction equipment industry.Read more
Construction equipment industry supporting India’s growth story
The Indian construction equipment market is expected to grow to $5 billion by 2020. According to V G Sakthikumar, the need of the hour for the industry is to think proactively, followed by surefooted action to meet the growing demands of the future - as India marches ahead to become a major manufacturing power to reckon with in 2020.Read more
