India’s construction equipment sector targets $25 billion domestic market by 2047, navigating Chinese competition, technology gaps, and sustainability demands amid infrastructure-driven growth.
India’s construction equipment industry is at a turning point. Having tripled in size over the past decade, it now aims to reach a $25 billion domestic market and $5 billion in exports by 2047, driven by ambitious infrastructure targets in roads, mining, and industrialized construction.
Yet, the sector faces formidable challenges — from aggressive Chinese competition and localization gaps in high-precision components to the urgent need for low-emission, smart, and affordable machinery. In this Autocar Professional Inner Circle Roundtable, top industry leaders, policymakers, and OEMs come together to discuss how India’s CE sector can sustain its growth, close critical capability gaps, strengthen global competitiveness, and build the next generation of sustainable, technology-driven, and customer-centric machines that will power the nation’s future.
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