India CE Industry Ends FY26 on a Steady Recovery Path
India’s construction equipment industry closed FY26 on a stable note, reflecting measured resilience and gradually improving momentum. Total sales in Q4 FY26 rose 4 per cent year on year to 42,906 units, extending the recovery seen over the past two years.
Domestic demand for the full year remained under pressure, declining 7 per cent, but exports provided strong support. Overall exports grew 31 per cent, while non-OEM exports increased 13 per cent, highlighting sustained demand from overseas markets.
March 2026 further underlined the recovery, with sales rising 6 per cent year on year and 13 per cent month on month, supported by improving liquidity and stronger project execution.
Segment-wise, Q4 FY26 presented a mixed yet encouraging picture. Earthmoving equipment grew 2 per cent, concrete equipment rose 9 per cent, and road construction equipment recorded a sharp 31 per cent increase. Material processing equipment posted the strongest growth at 105 per cent, while material handling equipment declined 2 per cent.
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