Tag: construction equipment

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JCB India eyes 8–9% growth, plans to invest ₹200–250 crore in FY26

NEW DELHI: JCB India, a construction equipment manufacturer, is projecting an 8–9% growth in FY26, building on steady demand from infrastructure and real estate sectors, according to Deepak Shetty, CEO and managing director of the company. The company registered an 11% growth in FY25, outperforming the industry growth of three per cent that remained cautious amid financing headwinds and geopolitical challenges. The company invested ₹500 crore in FY25 and has earmarked another ₹200–250 crore this year, primarily towards tooling, R&D, and digital innovation. In an exclusive conversation with Ankit Sharma, Shetty said the company’s growth is being fuelled by expanding…

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Indian construction equipment industry achieves marginal 3% growth in FY25: Report

Representative Image NEW DELHI: The Indian construction equipment (CE) industry has achieved a marginal three per cent year-on-year growth in FY25, with total equipment sales reaching 1,40,191 units compared to 1,35,650 units in FY24, according to a recent report by the Indian Construction Equipment Manufacturers’ Association (ICEMA). The CE industry had seen a growth of 26 per cent year-on-year in FY24. During the current fiscal, while the domestic market growth remained subdued at 2.7%, the industry’s overall performance was better due to a 10% surge observed in the exports. “2024 being an election year was one of the major reasons…