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
Bu hikaye Construction Week dergisinin September 2024 sayısından alınmıştır.
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Bu hikaye Construction Week dergisinin September 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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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
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STRIKING THE PERFECT CHORD
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REAL ESTATE
For the past six years, we have resorted to ranking Top 100 real estate and infra companies.
THE DYNAMICS PROPELLING REAL ESTATE GROWTH IN KEY CITIES
Dr Gautam Kanodia, founder, KREEVA, co-founder, Kanodia Group, explains the trends
DESIGN PAR EXCELLENCE
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dormakaba EXPANDS ITS MARKET PRESENCE IN INDIA
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GODREJ PROPERTIES ACQUIRES ITS 11TH NEW PROJECT; TAKES BOOKING VALUE TO RS 22,950 CRORE!
Will develop a group housing plot at Golf Course Road in Gurugram
SIGNATURE GLOBAL AWARDS RS 1203 CRORE CONSTRUCTION CONTRACT TO CAPACIT'E
First phase comprises 2.1 million sq-ft
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Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability