Indian construction equipment sales rise, despite price increase

By Dale Benton
Sales of construction equipment in India are expected to grow to a record high during 2017, despite a significant rise in prices. A new report from Ind...

Sales of construction equipment in India are expected to grow to a record high during 2017, despite a significant rise in prices.

A new report from Indian Construction Equipment Manufacturers Association revealed that sales of construction equipment in New Delhi are anticipated to grow by around 10-15 percent to a record high this year, following years of decline.

Over the past three years, sales had declined year on year until they rose 2.5 percent in 2015 and a further 41.5 percent the following year (2016).

The increasing sales come at a time where prices of construction equipment are also rising.

Related stories:

 

Construction equipment costs rose between 6-8 percent under the goods and services tax regime.

What is the reasoning behind this rise in construction equipment sales? A governmental push to make significant investments into building major infrastructure across India, including highway construction, inland waterways, railways and airports.

 

Share

Featured Articles

All you need to know about Saudi real estate developer ROSHN

Saudi Arabia’s leading real estate developer, ROSHN, is building communities covering 200 million sqm to help boost home ownership to 70% by 2030

Arcadis signs collaboration with Canadian start-up Niricson

Agreement will combine Arcadis’ expertise with Niricson’s predictive analytics platform to develop a non-invasive way to safely inspect and monitor concret

Italy’s Cannon Artes wins $31m Egyptian desalination project

Turnkey contract win from SOPC will see Italian firm deliver an integrated desalination & demineralisation plant as part of modernisation of Suez refinery

Saudi Arabia to build three new stadiums for Asian Cup 2027

Construction Projects

Neoen’s Storen Power Reserve begins construction in Sweden

Construction Projects

Masdar works with African countries on renewable projects

Construction Projects