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CE sales cross one lakh unit mark in FY2022-23

The Indian construction equipment industry recorded an excellent 26 per cent growth YoY with sales crossing the one lakh unit mark in FY2022-23.

Construction equipment sales grew 26% to cross 1 lakh mark in FY2022-23

YoY 28.5% growth in domestic sales, 3% growth in exports

Road Equipment: Road to Recovery

The Ministry of Road Transport and Highways (MoRTH) has big plans of constructing expressways, national highways, state highways and rural roads in the coming years. However, any uncertain economic situation in future may affect the recovery of the market as this will affect the payment of contractors, financing and thus equipment mobilisation.

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