Construction equipment sales rise 26% to 1,35,650 units in FY24: ICEMA

India's construction equipment industry saw a 26% increase in sales to 1,35,650 units in the 2023-24 fiscal, thanks to the government's infrastructure-led growth agenda. The Indian Construction Equipment Manufacturers' Association (ICEMA) reported that the industry sold 1,07,779 units in the previous fiscal year. The government's infra-led growth agenda and pre-election impetus on projects in the pipeline triggered positive growth in all five major construction equipment segments.