The Indian Construction Equipment (CE) industry experienced a modest one percent year-on-year growth in sales during the second quarter of FY2024-25, touching a total of 30,686 units. Domestic sales accounted for 27,382 units whereas exports accounted for 3,304 units. 
The Earthmoving Equipment segment witnessed a six percent increase in sales during the same period. While the road construction and material processing equipment segments remained relatively unchanged, the material handling and concrete equipment segments experienced degrowth of 17 percent and 10 percent, respectively. 
Overall, the CE industry experienced a three percent year-on-year increase in sales during the first six months of the current fiscal year FY2024-25 (April – September 2024) as compared to the same period in FY2023-24 (April – September 2023). 
“The industry has seen a moderate growth YoY which is on expected lines due to general elections as well as seasonality”, averred V Vivekanand, President, ICEMA and Managing Director, Caterpillar India Pvt. Ltd.
“This has been possible due to the ongoing construction activities in the country that have helped maintain demand for construction equipment from a historically the best previous year”, he added.
As compared to Q1 FY2024-25, the CE industry witnessed a six percent increase in overall sales, expanding from 28,902 units in the first quarter to 30,686 units in the second quarter of the current fiscal year. This growth was primarily attributable to a 10% increase in sales of earthmoving equipment, which constitutes approximately 70 percent of the total CE sales. 
The Q2 sales of earthmoving equipment stood at 21,931 units – an increase of 10 percent from Q1 FY2024-25. Material processing equipment, with sales of 661 units registered a five percent growth. 
Sales for the remaining three segments declined in Q2 as compared to Q1 – material handling equipment by one percent at 3,713 units, concrete equipment by 5 percent at 3,042 units and road construction equipment by eight percent at 1,339units. 
The construction equipment sales registered 34 percent month-on-month and five percent year-on-year in September 2024. 
The industry’s performance has been good in September 2024, with sales touching 12,639 units as compared to 9,427 units sold in August 2024, exhibiting an impressive 34 percent month-on-month growth. 
Domestic sales accounted for 11,318 units, while exports totaled 1,321 units. Furthermore, as compared to September 2023, these sales figures represent a five percent year-on-year growth in September 2024. 
Of the five primary equipment segments within the Indian CE industry, only material processing equipment experienced a modest two percent decline in sales on a month-over-month basis in September 2024. The remaining four segments demonstrated robust growth – earthmoving equipment recorded a 32 percent increase, reaching 9,089 units; material handling equipment grew by 47 percent, totaling 1,491 units; road construction equipment experienced a 55 percent increase, reaching 598 units whereas the concrete equipment saw a 33 percent growth, with sales of 1,232 units. 
“The overall sales recovery in the second quarter after relatively slow growth in the first quarter is encouraging for the industry. The sales recorded in September have largely been responsible for this growth,” said Jaideep Shekhar, Convener, ICEMA Industry Analysis and Insights Panel, and VP and Managing Director, APAC & EMEAR, Terex India Private Limited. 
“With ongoing and some new infrastructure projects being announced in recent months, the industry is expecting the market for construction equipment to expand further this year, helping us to close on a positive growth in FY25,” he added.
 

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New Holland, a brand of CNH Group, has expanded its farm mechanisation portfolio in India with the launch of its new HD and XHD Series Rotary Tillers (Rotavators). The new range is manufactured at the company’s facility in Pune.

The equipment is designed for diverse soil types and agro-climatic zones, aiming to improve soil preparation, productivity, and field performance. A high swing diameter facilitates deeper tillage, improving seed-to-soil contact. The heavy-duty multi-speed gearbox allows farmers to adjust operations based on specific soil conditions, which the company states helps optimise fuel use and save time. The units incorporate Metal Twin-Faced (MTF) seals to protect the rotor hub from water ingress, and utilise DTM paint technology for corrosion resistance.

Tarun Khanna, Director Marketing (AG) India, New Holland, said, "Farm mechanisation is increasingly becoming a key driver of agricultural productivity and efficiency in India. As farmers look for equipment that can deliver superior performance, durability and operational efficiency, the demand for reliable mechanisation solutions continues to grow. The launch of our HD and XHD Series Rotary Tillers reinforces New Holland's commitment to supporting Indian farmers with advanced implements that are engineered for demanding field conditions and designed to enhance productivity."

Following the national unveiling at the company's Greater Noida facility, New Holland plans to introduce the range through a series of dealer-level launches across India. This release is part of the brand’s broader strategy to offer a comprehensive suite of agricultural implements to support modern farming practices.

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Chartered Speed is deploying nearly 3,000 electric buses across 18 cities in India as part of the Pradhan Mantri e-Bus Sewa & e-Drive Scheme. The company aims to enhance public transportation in Tier-II and Tier-III cities, with the full network projected to cover 200 million kilometres annually.

To support these operations, Chartered Speed has implemented a technology-led infrastructure, including a Command & Control Centre for fleet monitoring and structured training programmes for drivers.

The company has already commenced operations with 55 electric buses, including 25 nine-metre buses (27-seaters) and 30 seven-metre buses (22-seaters) in Shillong, Meghalaya. The launch was led by Chief Minister Conrad K. Sangma.

Furthermore, in Rajasthan, it is managing an order for 876 buses across the state, with initial operations started for 29 buses in Jaipur and 18 buses in Bhilwara, inaugurated by Chief Minister Bhajan Lal Sharma.

Sanyam Gandhi, Whole-Time Director, Chartered Speed, said, "The commencement of electric bus operations in Shillong, Jaipur and Bhilwara marks an important milestone in our larger vision of deploying 3,000 electric buses across 18 cities under the PM e-Bus Sewa & e-Drive Scheme. These deployments reflect the growing momentum of electric mobility adoption across India and reinforce our commitment to delivering reliable, efficient and environmentally responsible transportation solutions. Through continued partnerships with state governments and transport authorities, we aim to make public transit cleaner, more accessible and more efficient while contributing meaningfully to India’s clean mobility journey."

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Mumbai-headquartered commercial vehicle major Tata Motors has secured orders for more than 3,400 electric commercial vehicles (eCVs), covering freight, logistics and passenger mobility sectors. The orders include approximately 2,000 small commercial vehicles (SCVs) & pick-ups, 900 trucks and 500 buses.

The eCVs will be deployed across industries, including e-commerce, logistics, FMCG, FMCD distribution, intra-city transport, mining and inter-city passenger travel.

The company stated that electric mobility in commercial vehicles is shifting from early adoption to large-scale deployment in India, with usage expanding across segments and real-world applications.

Tata Motors stated that it is leading this transition with the widest portfolio of electric commercial vehicles, supported by an enabling ecosystem that ensures electrification is both practical and profitable. Beyond vehicles, the company is partnering closely with fleet owners and customers to optimise performance, uptime, charging and financing across the entire lifecycle. As adoption of electric commercial vehicles deepens, Tata Motors remains focused on delivering customised, end-to-end solutions that enable customers to transition confidently and seamlessly to zero-emission mobility.

Portfolio Expansion

Over the past 12 months, Tata Motors has expanded its eCV portfolio to include Ace Pro EV, Ace EV, and Intra EV for distribution in the Small Commercial Vehicles segment.

Ultra EV range (7-12T), Prima EV 55T tractor and Prima EV 28T tipper in the Intermediate and Heavy-Duty segment. For passenger mobility, it has introduced the Starbus EV and Ultra EV buses.

Till date, Tata Motors has over 3,800 electric buses in operation, which have covered a cumulative distance of more than 550 million kilometres. Additionally, there are over 17,000 Tata eSCVs on the road.

To support the adoption of these vehicles, the company has established a charging network through partnerships with over 14 charge point operators, alongside financing solutions, fleet management tools via Fleet Edge and uptime assurance programmes.

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Prawaas 5.0, India’s premier multimodal passenger mobility event, is scheduled to take place from 9–11 July 2026 at the Helipad Exhibition Centre (HEC) in Gandhinagar, Gujarat.

Guided by the central theme, ‘Towards Safe, Smart & Sustainable Public Transport,’ the flagship event will gather government authorities, fleet operators, original equipment manufacturers (OEMs), technology developers and investors to accelerate the adoption of integrated, efficient and environmentally responsible public transit systems.

The 5^th edition of the event is organised by the Bus and Car Operators Confederation of India (BOCI) and is hosted by the Akhil Gujarat Pravasi Vahan Sanchalak Mahamandal and co-hosted by both the Gujarat Luxury Cab Owners Association and the Gujarat Tourist Vehicles Operators Association. MM Activ Sci-Tech Communications serves as the event curator.

As India's transit sector undergoes a structural transformation driven by electrification, regulatory safety updates, and digital network integration, Prawaas 5.0 aims to serve as a catalyst for fostering dialogue between state transport undertakings, central policymakers and private fleet operators.

The event will also showcase intelligent transport systems (ITS), digital ticketing frameworks, AI-driven fleet telematics and clean-energy mobility solutions.

It provides an on-ground platform for new vehicle product launches, strategic business matchmaking and infrastructure investment.

Building upon its previous editions, the three-day convention is projected to secure comprehensive representation from all 36 Indian States and Union Territories. The last edition attracted over 15,000 industry professionals, more than 10,000 bus & car operators and featured over 300 leading mobility companies.  The event was attended by more than 1,500 delegates, supported by over 60 expert speakers across technical panels and industry conferences.

The large-scale exhibition will serve as an interactive arena for stakeholders across the commercial mobility value chain to address current operating challenges, such as unit economics and infrastructure constraints, while establishing partnerships to modernise India's passenger transport network.

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