Construction Equipment Sales Jumps 47% from Last Quarter
With the economy on rebound, India’s construction equipment industry posted a robust quarter-on-quarter sales growth of 47% for the second quarter ending September, according to the recent report by Indian Construction Equipment Manufacturers Association (ICEMA), an affiliated sectoral industry association of industry body, CII. This is being seen as yet another indicator of revival of economic activities and particularly in the construction sector. The data shared by the Indian Construction Equipment Manufacturers’ Association, also shows that the cumulative sales of these equipment during the last quarter was 4 per cent more than the same period in 2020-21 and 17 per cent more than that of the corresponding period in 2019-20. A few of the major focus areas of the government have been accelerated construction of highways and laying of railway tracks. This growth in the sales of the construction equipment also gained more significance considering that there was a sharp 58% decline in the sale of these equipment in the first quarter of the current financial year. The data show that the total sales of the construction equipment stood at 21,323 units during July-September quarter compared to 14,522 units sold in the previous quarter. The growth was led by accelerated sales of earthmoving equipment, which increased by 51% and material handling equipment by 45%). The other three categories including road construction equipment, concrete equipment and material processing equipment also registered a growth of 35%, 31% and 17% respectively, over the previous quarter
Tags : ALLIED Sales Highways Government Construction Equipment ICEMA Indian Construction Equipment Manufacturers Association Railway Tracks Earthmoving Equipment