New Delhi, Nov 13 || India’s construction equipment sector's revenue is set to rise 6-8 per cent in current fiscal (FY26) driven by selective price hikes, firm export realisations and stable steel prices, a report said on Thursday.
Strong overseas orders provide crucial support to this sector amid subdued domestic demand and higher equipment costs, according to the report from Crisil Ratings.
Selective price hikes will partly offset higher compliance costs, said the ratings agency, adding that firm export realisations and stable steel prices will help mitigate pricing pressure from low-cost imports.
This will limit the contraction in operating margin to 11 per cent from around 12 per cent last fiscal and keep credit metrics stable across manufacturers, the report mentioned.
India’s construction equipment industry will continue to clock a volume growth of 2-4 per cent this fiscal and the next, the firm said.