Page 19 - Construction Vision Dec-Jan 2024 Issue

CONSTRUCTION EQUIPMENT SALES RISE 31 PER CENT
TO 30,078 UNITS IN SECOND QUARTER OF FY24: ICEMA

ndia's construction equipment fiscal comes on the back of positive while concrete equipment sales were
industry has witnessed a 31 per cent growth in all five of the CE industry's largely accounted for by concrete mixers
Irise in sale to 30,078 units in the major equipment segments, viz., earth (1,990 units).
second quarter of the current fiscal, a moving equipment by 23 per cent, road
report said on Monday. As per the data construction equipment by 65 per cent, Within the month of September 2023,
released by Indian Construction material handling and material overall CE sales increased 22 per cent
Equipment Manufacturers Association processing equipment by 66 per cent month-on-month to 11,930, as compared
(ICEMA), the construction equipment each and concrete equipment by 47 per to 9,796 in August 2023.
(CE) industry had sold 22,941 units in Q2 cent.
of FY 2022-23. ICEMA President V Vivekanand said the
While earth moving equipment, which extremely encouraging sales growth in
"Of these (30,078 units), domestic sales has a 70 per cent share in total the second quarter of the current fiscal
accounted for 27,423 units while 2,655 construction equipment sales, recorded a year is largely a result of increased
units were exported," it said. total sale of 20,669 units, pick and carry momentum in implementation of
According to ICEMA, the growth in sales cranes (3,383 units) constituted the bulk infrastructure projects.
during the second quarter of the current of Material Handling Equipment sales

CONSTRUCTION VISION 17 DECEMBER-JANUARY 2024