Construction Equipment Sector Bets on Revival in Govt Spending
India's construction equipment industry has seen an abrupt slowdown this year, but the industry remains bullish, reassured by the government's development agenda.
3515 Views
India's construction equipment industry has seen a marked slowdown in the current financial year, falling to a growth rate of just 3% for the first half from 25% in FY24. However, even as this sudden decline has caused some inconvenience for major players, industry leaders remain confident of the medium-term prospects for the industry.
They attribute the deceleration seen in the current year to a pause in the announcement of new projects due to the general elections that took place in April-June 2024. V. Vivekanand, President of the Indian Construction Equipment Manufacturers Association (ICEMA), however, foresees a rebound in ...
RELATED ARTICLES
From Shop Floor to Leadership: Indian Women Are Rewriting Auto's Rules
Prerna Lidhoo
13 Mar 2026
For decades, women were largely absent from assembly lines, engineering teams and leadership roles. With the rise of ele...
Can OEMs' Aftermarket Strategy Hurt Small and Independent Outlets and Chains?
Shahkar Abidi
12 Mar 2026
OEMs tighten their grip on vehicle lifecycles as independents fight for data, diagnostics and survival.
Why Women-led Factory Floors Make Business Sense
Anurag Chaturvedi
12 Mar 2026
As the industry shifts from muscle to precision, all-women factory floors are emerging not just as a statement of intent...
