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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TVS Motor Company has announced the launch of ‘TVS KING Ka Vaada 3.0’, an expanded value-added scheme for its three-wheeler portfolio. The initiative extends beyond vehicle maintenance to include financial security and protection benefits for customers and their families.

The updated programme introduces personal and family protection measures alongside traditional vehicle support.

Personal accident coverage for up to INR 1 million in the event of death or permanent disability. Education support of INR 100,000 per child for up to two children in the event of death or permanent disability. Hospitalisation income of INR 4,000 per day for up to 30 days during medical confinement. Three free services and roadside assistance across the range.

The scheme applies to both Internal Combustion Engine (ICE) and Electric Vehicle (EV) models in the passenger and cargo segments.

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In what is seen as a global energy crisis on the back of the ongoing war between Iran and USA-Israel, is now also expected to have an impact on the Indian transport sector.

Bal Malkit Singh, Advisor & Former President – All India Motor Transport Congress (AIMTC), has called for proactive government measures to protect the economy and the road transport sector from the effects of escalating tensions in the Middle East. The warning follows a surge in crude oil prices to nearly USD 95 per barrel and the effective closure of the Strait of Hormuz as of late February 2026.

The road transport sector is experiencing a slowdown due to reduced industrial output. Industry observations indicate a decline of up to 50 percent in certain segments, with projections suggesting this could reach 70–80 percent if current disruptions persist.

Furthermore, it can also lead to rising prices for fuel, lubricants, tyres and AdBlue (urea). He has expressed concerns over driver migration due to fewer work opportunities and the closure or price increases at highway eateries.

The ‘energy war’ scenario is impacting the wider MSME ecosystem, leading to higher production costs and operational challenges for small businesses and trading establishments.

Singh has urged the government to implement policy support to maintain economic stability, emphasising that the transport sector serves as the lifeline for domestic trade.

Proposed interventions include:

• Deferment of Equated Monthly Instalments (EMIs).
• Introduction of soft loan schemes.
• Targeted tax relaxations for transporters and MSMEs.

Bal Malkit Singh, said, “The current geo-political developments are an early warning signal for our economy. The road transport sector, being the lifeline of trade and commerce, is already experiencing stress due to reduced movement and rising operational costs. If timely interventions are not considered, the situation could escalate significantly in the coming weeks. It is essential to support MSMEs and transporters through relief measures such as deferment of EMIs, soft loan schemes, and tax relaxations to ensure business continuity and economic stability.”

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Euro NCAP has announced that Allianz has joined the Safer Trucks programme as an Associate Member, which combines vehicle safety assessment with commercial risk data.

The Safer Trucks programme, launched in 2024, provides safety ratings for heavy goods vehicles (HGVs). In its first two years, the initiative has assessed 30 truck models and identified safety gaps in the freight sector. Data indicates that in collisions involving HGVs, 90 percent of fatalities are occupants of other vehicles or pedestrians and cyclists. Freight transport accounts for the movement of 95 percent of goods across the EU.

Allianz operates in 70 countries and will contribute expertise on risk trends and claims data. The Allianz Center for Technology will serve as the centre for automotive technology and traffic safety to promote vehicle safety.

The involvement of insurers in safety assessments aims to inform manufacturers and fleet operators about areas for improvement. According to the programme, avoiding accidents reduces repair costs and downtime, which can lead to lower insurance premiums for fleets.

Matthew Avery, Director of Strategic Development, Euro NCAP, said, “We are delighted to welcome Allianz to the Safer Trucks programme. Their expertise in risk and casualty analysis adds a valuable new dimension to our multi-disciplinary approach. Safer Trucks is designed not only to benchmark safety performance but also to catalyse improvements in truck design and technology. By integrating risk insight from Allianz with our independent testing data, we aim to accelerate safety innovation across the commercial vehicle sector.”

Matthias Trustedt, Head of Global P&C, Allianz SE, said, “Joining Euro NCAP’s Safer Trucks initiative aligns with our commitment to reducing road risk through evidence-based insights. We believe that independent safety ratings, tied to real-world risk data, can influence both purchasing decisions and the development of safer vehicle technologies. Allianz is proud to support this important work, to help fleet operators make informed choices that protect drivers and other road users, and to offer them tailored and risk-based insurance solutions.”

Christian Sahr, MD, Allianz Center for Technology, said, “Our accident research shows that modern safety systems in trucks can significantly reduce the number of serious accidents. In addition to protecting life, avoiding accidents brings economic benefits for fleet operators because a fleet with lower repair and downtime costs is more efficient, offers better working conditions for drivers, and has significantly lower insurance premiums. Through our cooperation with Euro NCAP, we see excellent opportunities to use our combined expertise to improve the market penetration of safety systems that are already available and that contribute to accident prevention.”

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Piaggio Vehicles (PVPL), a subsidiary of the Piaggio Group, has secured an order for more than 100 units of its Ape Xtra Bada 700 cargo three-wheeler from HeidelbergCement India.

The three-wheelers will be deployed across 53 districts in Uttar Pradesh, Madhya Pradesh and Bihar. This order marks the entry of the new diesel cargo model into industrial applications.

The Ape Xtra Bada 700 features a 700 DI diesel engine, a 7-foot cargo deck and a payload capacity of 750 kg, which is the highest in the three-wheeler cargo segment. The vehicle is equipped with 12-inch radial tyres, a digital instrument cluster with a 3.5-inch LCD and an optional rear sensor for reversing.

The vehicle architecture includes a chassis and suspension geometry designed for stability and load distribution. The cabin is engineered for long-distance operation and the engine is tuned for torque and pickup. Piaggio offers a five-year warranty on the model. The company positions this three-wheeler as a replacement for entry-level four-wheeler small commercial vehicles (SCVs) due to its operating economics.

Amit Sagar, Executive Vice President, CV Domestic Business & Retail Finance, Piaggio Vehicles, said, “This flagship order from Heidelberg Cement India Limited is a strong validation of the Ape Xtra Bada 700’s disruptive capabilities. At Piaggio India, we have always believed in pushing the boundaries of innovation in the last-mile mobility segment. The Ape Xtra Bada 700 sets new industry benchmarks in engine capacity, deck size and payload, and is designed to empower customers with more productivity and superior earnings. Breaking into applications traditionally dominated by 4-wheeler SCV marks an important milestone in our journey of offering better TCO and profitability to our customers.”

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