With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian construction equipment (CE) industry has recorded a 26% increase in overall sales volume for FY 2023-24, surpassing all projections and setting yet another record. The industry’s excellent annual performance is due to the 24% and 49% increase in demand in domestic and exports markets, respectively..
The Indian CE industry is experiencing robust growth, driven by the government’s emphasis on the infrastructure sector, increased budgetary allocations, and other incentives. Efforts by the industry and policymakers to build the capacity and competitiveness of domestic manufacturers are yielding results, turning India into a global manufacturing hub. This has led to strong growth in exports.
In this segment, the lion’s share was accounted for 55% growth in sales of backhoe loaders. We speak to various industry leaders to understand the movement happening in this segment.
ADVANCED TECHNOLOGIES
Denne historien er fra September 2024-utgaven av Construction Week.
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Denne historien er fra September 2024-utgaven av Construction Week.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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ASK PROPERTY FUND, KREEVA, AND SPRE COME TOGETHER For a residential project
ASK Property Fund, Kreeva (the real estate arm of Kanodia Group) and Shapoorji Pallonji Real Estate have announced joint development of a residential project in Sector 46, Gurugram, with a joint initial investment of Rs 270+ cr. Spread across 1.74 acres, the project shall generate top-line revenues exceeding Rs 1,200+ crore over the next five years.
SWREL BAGS GUJARAT SOLAR PV PROJECT Will include O&M
Sterling and Wilson Renewable Energy (SWREL) has received LoI for a new order totaling approx. Rs 1,200 crore in Gujarat.
HOW RICH PEOPLE ARE MAKING THEIR MONEY
Dr Prashant Thakur, regional director & head, research, Anarock Group, highlights some USPs
THE SURGE OF PLOTTED DEVELOPMENT IN REAL ESTATE
Rohit Cariappa, director, sales & CRM, Assetz Property Group, on some trends
BRIGADE CITRINE WILL BE INDIA'S FIRST NET-ZERO RESIDENTIAL DEVELOPMENT
Brigade Group has launched Brigade Citrine, a residential project that sets new benchmarks in sustainable living.
FAR-SIGHTED?
Industry veterans look into the crystal ball and voice their thoughts
TREADING CAREFULLY
Off-the-road tyres are not being taken lightly anymore
IN A LEAGUE OF ITS OWN
bauma ConExpo India 2024 held its own with cutting-edge technologies and innovations
INFRA COMPANIES
In a significant move to alleviate traffic congestion and enhance connectivity, the Mumbai Metropolitan Region Development Authority (MMRDA) appointed contractors for key road infrastructure projects in Mumbai and Thane.
Global standards
Glass Wall Systems has been revolutionising the facade industry
