Construction Equipment

Construction equipment sales rise 5% to 28,902 units in Q1 FY25: ICEMA

India's construction equipment industry witnessed a 5 per cent rise in sales to 28,902 units during the April-June quarter of 2024-25, a report said on Friday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 27,577 units in the same period of the previous fiscal. "The first quarter sales of construction equipment in FY2024-25 grew 5 per cent on a year-on-year basis from 27,577 units in Q1 FY2023-24 to 28,902 units in Q1 FY2024-25," it said. The report further said the growth was a result of increasing year-on-year sales in three of the five main equipment segments of the CE industry in the April-June 2024 period. "These were earthmoving equipment with a 5 per cent increase, road construction equipment with a 9 per cent increase, and concrete equipment with a growth of 11 per cent. "Material handling equipment and material processing equipment, on the other hand, clocked 3 per cent a

India evolving as a major manufacturing base for Kobelco Construction: CEO

Kobelco Construction Equipment India Pvt Ltd, the subsidiary of Japan-based Kobelco Construction Machinery Co, launched its SK80 Excavator under the Centre's ambitious 'Make in India' campaign. The eight-tonne category mid-segment excavator, was unveiled by company Managing Director and CEO Takemichi Hirakawa and senior officials at an event here on Wednesday. Kobelco Construction Equipment India manufactures excavators and cranes at its factory in Sri City in neighbouring Andhra Pradesh, located about 110 km from here. "We have been delivering high-quality excavators to meet the growing demands of the Indian customers for the last 17 years. We have made considerable investments of about Rs 750 million (Rs 75 crore) in the recent past and our latest product SK80 Excavator is a first major step towards indigenisation," Hirakawa said. "With over 70 per cent indigenisation, the SK80 Excavator exhibits a strong commitment of Kobelco's 'Make in India' initiative. India is evolving as a

Action Construction Equipment Q1 results: PAT grows 24% to Rs 84.57 cr

Action Construction Equipment Ltd on Wednesday reported a 24 per cent rise in consolidated profit after tax (PAT) at Rs 84.57 crore in the April-June quarter of this financial year, mainly on account of higher income. It had reported a PAT of Rs 67.57 crore during the April-June period of the preceding 2023-24 fiscal, the construction equipment maker said in an exchange filing. The total income also increased to Rs 761.81 crore, up 14 per cent from Rs 667.85 crore a year ago. "The company has maintained its growth momentum in the first quarter of the current fiscal year. The company has been able to deliver its best ever quarterly performance in Q1 FY25," Action Construction Equipment Executive Director Sorab Agarwal said. The company garnered a revenue of Rs 690.67 crore from the cranes, construction equipment and material handling segment, while its agri-equipment division earned a revenue of Rs 42.96 crore. Action Construction Equipment Ltd is among India's leading material ...

Construction equipment sales rise 26% to 135,650 units in FY24: ICEMA

India's construction equipment industry witnessed a 26 per cent rise in sales to 1,35,650 units in the 2023-24 fiscal on the back of the government's infrastructure-led growth agenda, a report said on Monday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 1,07,779 units in the previous fiscal year. "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," it said. The statement further said the government's infra-led growth agenda and pre-election impetus on projects in the pipeline triggered positive growth in all five major construction equipment segments. "The industry's excellent annual performance has been a result of significant increase in demand for construction equipment observed

Volumes of domestic mining, construction equipment may drop in FY25: ICRA

Rating agency ICRA on Thursday said the volumes of domestic mining and the construction equipment (MCE) industry may drop in the current financial year on account of a slowdown in the new project orders amidst Lok Sabha elections and monsoon-related impact on construction activities. "ICRA expects FY2025 to see a 12-15 per cent year-on-year decline (which translates into volumes of 1.14-1.18 lakh units)," the rating agency said in a statement. This drop is following two consecutive years of strong growth of 26 per cent in FY'23 and 24 per cent in FY'24. "The reversal in this growth trend will be driven by a slowdown in the new project award activity in Q4 FY2024 and Q1 FY2025, as the Model Code of Conduct will remain in force during the Parliamentary Elections in April-May 2024 (till the announcement of results on June 4, 2024). "Additionally, the aggregate revenues for ICRA's sample set companies are expected to contract by 9-12 per cent and operating margins by 100-150 basis poin

Plan to invest up to $50 mn in 2024, launch 105HP tractor in May: CNH India

Italian-American off-road construction and agriculture firm CNH is planning to invest up to USD 50 million in the farm machinery segment in India this year and launch a 105HP tractor in May, according to a top CNH India official. CNH, which produces and sells farm machinery and equipment under the New Holland brand, will focus on the compact range of tractors of below 30-40 horsepower (HP), besides targeting to sell 1,000 baler machines (used for managing stubble) this year. Currently, CNH India has a four per cent market share in the tractor business in India and has a considerable presence in the 45-50 HP range of tractors. Speaking to PTI, CNH India and SAARC Country Manager and Managing Director Narinder Mittal said there is a huge potential in India's agriculture sector, and the company intends to double its market share to 8 per cent in the next four years. "We plan to invest about USD 40-50 million in the current calendar year in the agriculture segment, including the progra

Construction equipment sales rise 31% to 30,078 units in Q2FY24: ICEMA

India's construction equipment industry has witnessed a 31 per cent rise in sale to 30,078 units in the second quarter of the current fiscal, a report said on Monday. As per the data released by Indian Construction Equipment Manufacturers Association (ICEMA), the construction equipment (CE) industry had sold 22,941 units in Q2 of FY 2022-23. "Of these (30,078 units), domestic sales accounted for 27,423 units while 2,655 units were exported," it said. According to ICEMA, the growth in sales during the second quarter of the current fiscal comes on the back of positive growth in all five of the CE industry's major equipment segments, viz., earth moving equipment by 23 per cent, road construction equipment by 65 per cent, material handling and material processing equipment by 66 per cent each and concrete equipment by 47 per cent. While earth moving equipment, which has a 70 per cent share in total construction equipment sales, recorded a total sale of 20,669 units, pick and carry cran

Holcim examining 10 acquisition targets of large and small companies: CEO

We are growing at quite a fast pace and the plan is, the proceeds from the divestment, we will continue to accelerate our strategy 2025 and acquire new companies: Jan Jenisch

Govt's infra booster gives hope to construction equipment makers

A lot will, however, depend upon capex execution in a time-bound manner

Domestic mining-construction equipment biz recovers 22% YoY in Q3CY20: Icra

Though growth is still lower than Q3 CY2018 levels by 14%, it is significant considering the deep demand contraction of 40% in H1CY20, the rating agency says

L&T bags biggest order ever for construction & mining equipment biz

To supply 46 units of Komatsu Mining Equipment to Tata Steel

L&T bags biggest order ever for construction & mining equipment biz

To supply 46 units of Komatsu Mining Equipment to Tata Steel

Govt proposes stricter safety norms for construction machinery

To ensure greater safety on highways, the government has proposed stricter norms that include features like machine-mounted audible travel alarms, non-metallic fuel tank and wider operator visibility

Separate emission norms for agri machinery, construction equipment: Govt

The government on Sunday said it has issued draft notification for separate emission norms for agriculture machinery and construction equipment vehicles.

Mining, construction equipment sector may face 20% volume dip in 2020: Icra

The domestic credit rating agency said it continues to maintain negative outlook for the domestic MCE sector based on the prevailing overall scenario

Domestic demand for mining, construction machines dips 17% in Jan-Aug: Icra

Immediate term demand outlook in the dealer community is also negative

Despite GST hiccups, construction equipment demand up 24% in FY18: Assocham

The study noted that highway construction has been one of the key drivers for equipment growth

Construction equipment makers on guard amid uncertainties before 2019 polls

The pace of road construction is expected to pick up now that the monsoon has come to an end, says Vipin Sondhi, managing director and chief executive officer at JCB India

Construction equipment makers launching new products to ride demand wave

A rapid pick up in the pace of road construction projects has boded well for the construction equipment market which went through a rough patch in 2015. In 2017-18

Govt to bring legislation for construction equipment manufacturing

Proposed legislation is similar to the Central Motor Vehicle Rules