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…