Follow us
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.
3682 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
Tata Motors' X Alpha Architecture Aims to Reinvent the Small Car
Autocar Professional Bureau
30 May 2026
The next-generation Tiago and Tiago EV blend the low-cost strengths of Tata Motors' older X0 architecture with the moder...
Bosch’s India Recast
Shahkar Abidi
23 May 2026
Why the Tier-1 giant’s dealmaking is really a play for control of the next mobility stack.
How One Tax Cut Fuelled Every Car Maker Except MG Motor
Anurag Chaturvedi
04 May 2026
For the one OEM built around EVs, the competitive equation changed without its own pricing moving by a rupee.
