The Indian construction equipment (CE) industry has navigated a challenging year, 2024-25, marked by modest growth and shifting market dynamics. Despite election-related disruptions and regulatory changes such as the Construction Equipment Vehicle Stage 5 (CEV-V) […]
The increased emphasis on infrastructure development in India has led to a continuous increase in construction equipment demand. The government has proposed a capex of Rs 10 trillion in 2023-24, which is a 33 per cent […]
According to the Indian Construction Equipment Manufacturers Association (ICEMA), the construction equipment industry is estimated at $3.1 billion (as of 2015). The increasing mechanisation of construction activities allows greater penetration of equipment such as backhoe […]
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