Construction equipment sales rise 5% to 28,902 units in Q1 FY25: ICEMA

India's construction equipment industry witnessed a 5 per cent rise in sales to 28,902 units during April-June quarter of 2024-25, a report said on Friday.

As per data released by Indian Construction Equipment Manufacturers' Association (ICEMA), construction equipment (CE) industry h sold 27,577 units in same period of previous fiscal.

" first quarter sales of construction equipment in FY2024-25 grew 5 per cent on a year-on-year basis from 27,577 units in Q1 FY2023-24 to 28,902 units in Q1 FY2024-25," it said.

report furr said growth was a result of increasing year-on-year sales in three of five main equipment segments of CE industry in April-June 2024 period.

"se were earthmoving equipment with a 5 per cent increase, ro construction equipment with a 9 per cent increase, and concrete equipment with a growth of 11 per cent.

"Material handling equipment and material processing equipment, on or hand, clocked 3 per cent and 4 per cent reduction in sales in Q1 FY25 as compared to Q1 FY24," it ded.

On a quarter-on-quarter basis, report, however, said total sales figures for Q1 FY25 were 29 per cent lower than 40,965 units sold in Q4 FY24.

As per ICEMA, of total 28,902 units of construction equipment sold in Q1 FY25, 26,020 units were sold in domestic market, while 2,882 units were exported.

earthmoving equipment segment sold 19,858 units while sales of material handling equipment stood at 3,760 units, concrete equipment at 3,199 units, ro construction equipment at 1,457 units and material processing equipment at 628 units in first quarter of FY 2024-25.

On a month-on-month basis, sales in June 2024, at 9,363 units, recorded a 2 per cent de-growth compared to May 2024, and re was a 5 per cent increase over 8,889 units of sales recorded in June 2023.