Indian construction equipment OEM’s sales pass $400m mark

A motor grader manufactured by India’s Action Construction Equipment (Image: ACE)

ACE reported year-on-year sales growth of 14.6% to INR 3,420 crore (US$411 million) for the year to 31 March 2025, up from INR 2,988 crore (US$360 million) the year before.

The company, based in the northern state of Haryana, India, produces a range of machines including mobile and truck-mounted cranes, tower cranes, piling rigs, backhoe loaders, road equipment, and loaders.

Its earnings before interest, taxation, depreciation and amortisation (EDITDA) increased 25% to INR 599 crore (US$72.2 million).

ACE’s executive director Sorab Agarwal noted that India’s GDP is set to grow at a pace of 6.5% per year, with resilient domestic consumption and a sustained emphasis on capital spending by the Indian government. But he also warned of external risks in the form of trade barriers, disrupted global supply chains, and geopolitical tension.

Nonetheless, he added, “India is now positioned as the world’s fourth-largest economy and we are confident in the country’s ability to emerge as a global sourcing hub for goods and services. Our robust industrial capabilities, skilled workforce, and rapidly expanding infrastructure place us in a strong position to cater to global demand.”

In the most recent quarter, ACE also recorded its largest single order to date, to deliver 1,121 telehandlers with attachments and accessories to the Indian armed forces. The deal is worth a total of INR 420 crore (US$50.6 million).