November 2, 2024
Fixed Assets

Construction Gear Sales Growth: Construction Equipment Sales Growth Flat in Q1FY25 | Chennai News


Construction gear sales growth flat

Chennai: A slow first quarter and low infra spend due to elections led to a 5% y-o-y growth in sales of construction equipment in Q1FY25. According to Indian Construction Equipment Manufacturers’ Association, Q1FY25 saw sales of 28,902 units. tnn

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Construction gear sales growth flat
A sluggish first quarter and reduced infrastructure spending due to elections resulted in a modest 5% year-on-year growth in construction equipment sales for Q1FY25. The Indian Construction Equipment Manufacturers’ Association reported that 28,902 units were sold during this period. The low growth highlights the industry’s slow start and its challenges during the election cycle.
Construction equipment sales see flat growth in Q1: ICEMA
Sales of construction equipment in Q1FY25 saw a modest 5% year-on-year growth due to low infrastructure spending during the general elections. Sales in three main segments increased, while two segments saw a decline. Quarter-on-quarter, sales dipped 29%. The slowdown was less severe than usual for an election year, with expectations for recovery post-monsoon.
India evolving as major manufacturing base for Japanese equipment maker Kobelco
Kobelco Construction Equipment India reported increased indigenization at its Chennai facility, producing earthmovers and cranes. The recently launched SK80 Excavator, with over 70% indigenization, represents a significant step in Kobelco’s Make in India initiative. The company’s Sri City plant exports 10-12% of its 3,500 annual units to Middle East and African markets, following a Rs 75 crore investment in expansion.





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